Rental-to-Sale Conversions

A condominium conversion is the act of turning a multifamily building with units for rent, into a multifamily building with units for sale.

Additionally, the condominium conversion means renters who become owners or buyers will share common areas, like fitness facilities, garages, and pools or parks. The CHADDC works with multifamily building owners and residents to guide them through the condo conversion process.

The CHADDC ultimately believes that condo conversions are a tool to provide homeownership opportunities that help create a more stable economy.