Downtown Residential Conversion Incentive Program Update

Description

Join us for an insightful discussion on the latest developments in Boston’s Downtown Residential Conversion Incentive Program, launched by Mayor Wu in 2023 to address the increasing vacancy rates in older office buildings featuring a panel of program directors, and an approved developer with architect, you will gain real-world insight into the application and approval process, challenges, and successes of converting underutilized office spaces into residential units.

Whether you’re a developer, property owner, architect, contractor, or just interested in the future of Boston’s downtown revitalization, this event is an excellent opportunity to stay informed and engage with industry experts.

Event Highlights:

• Program Overview & Recent Updates: Learn about the program's goals, the latest extension to December 2025, and new state support for these critical conversions.
• Panel Discussion: Hear from program directors and approved developers about the practical aspects of the application process, navigating PILOT agreements, fast-tracked permitting, and zoning requirements.
• Case Study: Approved developer with architect sharing their experiences with residential conversion projects, including challenges related to high costs, interest rates, and compliance with affordable housing and energy code standards.
• Interactive Q&A: Attendees will have the opportunity to ask questions about the program, eligibility, and how to start their own conversion projects.

Key Takeaways:

• Understanding of the financial and legal frameworks, including PILOT agreements and affordable housing requirements.
• Insights on how to navigate the application process to expedite approvals and maximize benefits.
• Latest updates on state and city partnerships to support conversion projects as a response to post-pandemic economic shifts.

Panel

• Michael Nichols, President at Downtown Boston Business Improvement District (BID)
• John Weil, Sr. Program Manager for Downtown Conversions at the Planning Department 
• Adam Burns, Principal at Burns Realty Investments
• Philip Sima, Architect at Balance Architects

Sponsorship available:

Lead Sponsors ($2,500) - Premiere table for 8, front row, pre/post event marketing, table signage, company recognition from the podium on the event day.

Corporate Sponsors ($1,500) - 4 tickets with prime reserved seating, pre/post event marketing, table signage, and company from the podium.

Event Sponsors ($750) - 2 tickets with reserved seating, pre/post-event marketing, and company from the podium.