Commercial real estate glut/crash. Could it be repurposed for housing?

This guy from Nightingale Associates posts news everyday of major commercial real estate being foreclosed, auctioned or sold for pennies on the dollar all over the US.

This might be a great opportunity for states/federal agencies/nonprofits to acquire them and convert them into low-income housing. I know that there are challenges with such conversions, particularly with centralized plumbing and utilities. But I could envision a form of single-room occupancy, or dorm style housing with shared common areas for bathing, laundry, etc.

I lived in a building like this earlier in my life. We all had our own spaces, but the showers were down the hall.

Given the severity of the housing crisis, I love to see some of these properties acquired.
Here's a white paper on modern designs for SROs.
https://fastercapital.com/content/The-Future-of-SROs--Innovations-in-Design-and-Technology.html

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