California

Based on available information regarding the Shomof Group’s development portfolio, there is not a single, specific percentage defined for "low-income" across all of their office-to-housing conversions in the Greater Los Angeles area.

Instead, the Shomof Group's approach combines market-rate adaptive reuse with separate acquisitions of low-income and supportive housing.

Historic Core Conversions: Izek Shomof pioneered the Adaptive Reuse Ordinance, transforming historic downtown LA office buildings (e.g., in the Historic Core) into "live-work" lofts, which are generally market-rate, boutique, or creative residential spaces.

Low-Income Portfolio: Simultaneously, the group has acquired and renovated existing, non-office buildings (such as the Baltimore/Leland Hotel and King Edward Hotel) specifically for low-income, affordable, and supportive housing.

Recent Activity: The group has continued to acquire large office towers in Southern California, such as 101 North Brand in Glendale and Landmark Square in Long Beach, for mixed-use redevelopment.

While they are heavily involved in the low-income sector, the office-to-residential conversions are often treated as market-rate, high-end, or creative spaces rather than dedicated low-income, making a single percentage for "low-income conversions" inapplicable.