{"id":2613,"date":"2021-03-16T08:48:31","date_gmt":"2021-03-16T08:48:31","guid":{"rendered":"https:\/\/crestnetwork.com\/?p=2613"},"modified":"2022-03-18T07:14:12","modified_gmt":"2022-03-18T07:14:12","slug":"military-housing-funding-essential-for-military-readiness-and-retention","status":"publish","type":"post","link":"https:\/\/crestnetwork.com\/military-housing-funding-essential-for-military-readiness-and-retention\/","title":{"rendered":"Military Housing Funding Essential for Military Readiness and Retention"},"content":{"rendered":"\n
Military Housing Funding Essential for Military Readiness and Retention<\/strong><\/p>\n\n\n\n Exclusive to the network<\/strong>.<\/p>\n\n\n\n Public-private partnerships (P3s) have allowed communities across Texas to meet necessary demands for updated infrastructure. In addition to providing affordable housing solutions and addressing student housing needs in Texas, over the past 23-years P3s have played a significant role in the overhaul and improvement of on-base housing on military installations across the state. Access to quality housing for service members not only positively impacts state and local economies, but also results in improved military recruitment, retention and readiness.<\/p>\n\n\n\n In the early 1990s, the Department of Defense struggled with retention, recruitment and readiness issues related to less than desirable housing for military personnel and their families. Faced with the overwhelming need for funding, including $16 billion in backlogged deferred maintenance, Congress authorized the Military Housing Privatization Initiative (MHPI) in 1996. This unique P3 model was designed to alleviate the shortage of quality, affordable housing by facilitating construction of new communities and renovating existing DoD homes and neighborhoods with amenities such as walking and biking trails, community centers and playgrounds.<\/p>\n\n\n\n Comprehensive financial structures with 50-year projections were established to address the specific housing challenges on each U.S. military installation. These plans relied on full financing from service members\u2019 Basic Allowance for Housing (BAH), which are allotted to cover their housing costs. For the first time since the 1970s, military housing underwent extensive renovations. Service members and their families now have access to housing and community amenities that were previously unavailable on-base, including energy efficient appliances, garages and spacious floor plans.<\/p>\n\n\n\n