The Lead Off

• The U.S. Senate has passed legislation authored by Indiana Sen. Jim Banks aimed at converting vacant buildings into housing.
• The RESIDE Act would create a pilot program to help communities repurpose abandoned structures into affordable homes.
• Supporters say the measure could expand housing supply without creating a new federal spending program.

WASHINGTON (WOWO) Legislation introduced by Indiana U.S. Sen. Jim Banks to help convert abandoned and underused buildings into housing has passed the U.S. Senate and now moves forward in the legislative process.

The bill, known as the RESIDE Act, establishes a pilot program designed to assist local communities in transforming vacant properties—such as old factories and empty strip malls—into housing for families.

Program focuses on redevelopment of vacant properties

According to supporters, the proposal is aimed at addressing housing shortages by encouraging the reuse of existing structures rather than new construction alone.

The RESIDE Act would allow communities to apply for assistance in converting unused buildings into affordable housing units, with a focus on revitalizing properties that have remained vacant or underutilized.

Supporters cite cost-effective housing strategy

Sen. Banks said the measure is intended to provide a practical approach to increasing housing availability.

Banks said the bipartisan bill offers a “common-sense solution” to expand the housing supply without creating a new federal spending program, according to a statement.

Supporters of the legislation say repurposing existing buildings could reduce development costs and help address housing needs in communities experiencing shortages.

Indiana leaders express support

The proposal has reportedly received backing from several Indiana mayors, who say redevelopment of vacant structures could provide new housing options while also revitalizing unused commercial properties.

Local officials have pointed to abandoned industrial sites and empty retail spaces as potential candidates for conversion under the program.

Next steps

The RESIDE Act will now move through the next stages of the federal legislative process, where it could be considered by the U.S. House of Representatives. If approved, the pilot program would be implemented by federal housing agencies in coordination with participating local governments.