Public Sector Application of Real Estate Analysis and Finance Techniques. A Feasibility Study for Military Family Housing.
TEXAS A AND M UNIV COLLEGE STATION
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The Pentagon has estimated that solving the housing shortage would take tens of billions of dollars Hudson. This amount includes the approximately 11 billion required to revitalize and replace the unfunded backlog of existing substandard units CBO, p.2 plus eliminating the current backlog of housing supply deficiencies identified by project documentation. The 3.4 billion requested for family housing in the 1995 defense bill will barely scratch the surface Hudson. The purpose of this paper is to approach military housing acquisition programs through the use of real estate development feasibility analysis - when combined with the revolving fund concepts of the Defense Business Operating Funds DBOF program - to determine if financial self-sustainability by using housing allowance benefits for rent payments is achievable in order to provide non-appropriated funding to plan, design, construct and operate military family housing.
- Economics and Cost Analysis
- Sociology and Law
- Structural Engineering and Building Technology