Commercial to residential conversion advisory board

(a) Establishment Not later than 1 year after the date of the enactment of this Act, the Secretary of Housing and Urban Development shall establish an advisory board to carry out the duties described in subsection (c). (b) Membership The advisory board shall be composed of not less than 20 members, appointed by the Secretary. (c) Duties The advisory board shall provide logistical support, technical assistance, best practices, and training to State and local housing agencies with respect to— (1) identifying the best candidates for commercial to residential conversions that are financially and logistically feasible and meet demonstrated housing demand in localities within the State or locality; (2) conducting floor plan and feasibility analyses for prospective commercial to residential conversions; (3) expediting State or local regulatory processes and permitting processes to allow for faster approval and construction of commercial to residential conversions; (4) reforming of local regulatory and zoning barriers to allow for more commercial to residential conversions; and (5) identifying Federal and State funding sources that can be used by localities to provide financial assistance on commercial to residential conversion projects. (d) Authorization of appropriations There is authorized to be appropriated to carry out this section $5,000,000 for each of fiscal years 2025 through 2029.