Conversion candidacy is the process developers use to determine whether an existing commercial building can be successfully converted into residential housing. Developers screen buildings for conversion candidacy by evaluating physical characteristics, zoning eligibility, and the financial feasibility of the project. The City of Yes Conversion text amendment expanded conversion candidacy by allowing residential conversions of buildings constructed before 1991 citywide, significantly increasing the number of eligible buildings.
| Factor |
Yes |
Maybe |
No |
| Building Age |
Built before 1991 and eligible for City of Yes |
Eligibility requires further review |
Built after eligibility cutoff |
| Floor Plate and Light |
Shallow floor plates with strong natural light |
Moderate floor depth requiring redesign |
Deep floor plates with limited window access |
| Building Layout |
Efficient core and apartment configuration |
Significant reconfiguration needed |
Layout unsuitable for residential use |
| Zoning |
Residential conversion permitted |
Additional approvals may be needed |
Residential conversion prohibited |
| Financial Feasibility |
Project generates acceptable returns |
Returns depend on incentives or market changes |
Conversion costs exceed projected value |
| Tax Incentives |
Eligible for 467-m benefits |
Partial eligibility or uncertainty |
No meaningful incentive support |