Vacancy to Value Act of 2026 establishes a pilot program to sell or transfer underutilized federal properties for redevelopment.

The Vacancy to Value Act of 2026 authorizes the Administrator of the General Services Administration to establish a pilot program to facilitate the sale or transfer of underutilized federal properties to eligible entities for redevelopment purposes. Eligible entities include community-based nonprofit organizations, public entities, and other specified groups. The act prioritizes projects that create affordable housing, benefit low-income communities, and develop community facilities. The pilot program will terminate five years after enactment.

Vacancy to Value Act of 2026 establishes a pilot program to sell or transfer underutilized federal properties for redevelopment.

The Vacancy to Value Act of 2026 authorizes the Administrator of the General Services Administration to establish a pilot program to facilitate the sale or transfer of underutilized federal properties to eligible entities for redevelopment purposes. Eligible entities include community-based nonprofit organizations, public entities, and other specified groups. The act prioritizes projects that create affordable housing, benefit low-income communities, and develop community facilities. The pilot program will terminate five years after enactment.