Commercial real estate glut/crash. Could it be repurposed for housing? [View all]

This guy from Nightingale Associates posts news everyday of major commercial real estate being foreclosed, auctioned or sold for pennies on the dollar all over the US.

This might be a great opportunity for states/federal agencies/nonprofits to acquire them and convert them into low-income housing. I know that there are challenges with such conversions, particularly with centralized plumbing and utilities. But I could envision a form of single-room occupancy, or dorm style housing with shared common areas for bathing, laundry, etc.

I lived in a building like this earlier in my life. We all had our own spaces, but the showers were down the hall.

Given the severity of the housing crisis, I love to see some of these properties acquired.
Here's a white paper on modern designs for SROs.
https://fastercapital.com/content/The-Future-of-SROs--Innovations-in-Design-and-Technology.html

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