Complex sentence: After the hotel closed, the building was renovated and converted to affordable housing in the 1980s by the non-profit group Bethel New Life, but the housing effort failed when Bethel New Life ran out of funds.
Split into simpler sentences: After the hotel closed, the building was renovated and converted to affordable housing in the 1980s by the non-profit group Bethel New Life. The housing effort ultimately failed when Bethel New Life ran out of funds.