Transforming Distressed Hotels Into Affordable Housing
Check Out This Hotel-Based Solution to America’s Affordable Housing Crisis
As the COVID-19 pandemic hit the United States, prompting travel restrictions and stay-in-place orders, hotel stays plummeted. Hundreds of millions of rooms sat empty in 2020.
Meanwhile, communities across the country have seen “an acute undersupply of housing,” with renting becoming increasingly unaffordable, the National Association of REALTORSⓇ said in a recent report. Read More