1. Short title This Act may be cited as the Government Agencies Affordable Housing Conversion Act of 2024 . 2. Annual housing conversion report Not later than 1 year after the date of the enactment of this section, and annually thereafter, the Secretary of Housing and Urban Development, in coordination with the Administrator of General Services and the Director of the Office of Management and Budget, shall conduct a study and submit to Congress a report, to be known as the Annual Housing Conversion Report , that examines— (1) whether the real estate owned by the Federal Government is being optimized; (2) whether the amount of real estate owned by the Federal Government should be reduced