San Francisco Launches Tax Incentive District to Convert Empty Office Towers into 4,400 New Homes

The Downtown Revitalization Financing District is the city's boldest move yet to address a stubborn vacancy crisis—but with zero completed conversions in four years, the question is whether financial incentives alone can close the gap. San Francisco Mayor Daniel Lurie on February 12, 2026, signed legislation officially establishing the Downtown Revitalization Financing District, a special […]