This legislation aims to facilitate the conversion of underutilized commercial buildings into residential units, addressing the pressing issue of housing shortages and improving affordability through financial incentives and support for these projects. The bill introduces a tax credit for businesses that undertake these conversions, set at 15 percent of qualified expenses incurred during the process. There are limits on the credits, capping them at $200,000 per new residential unit and 0 million per converted building.