Accession Number:

ADA499641

Title:

Military Housing Privatization: DOD Faces New Challenges Due to Significant Growth at Some Installations and Recent Turmoil in the Financial Markets

Descriptive Note:

Congressional rept.

Corporate Author:

GOVERNMENT ACCOUNTABILITY OFFICE WASHINGTON DC

Report Date:

2009-05-01

Pagination or Media Count:

54.0

Abstract:

In response to challenges the Department of Defense DoD was facing to repair, renovate, and construct military family housing, Congress enacted the Military Housing Privatization Initiative in 1996. The initiative enables DoD to leverage private sector resources to construct or renovate family housing. As of March 2009, DoD had awarded 94 projects and attracted over 22 billion in private financing. DoD plans to privatize 98 percent of its domestic family housing through 2012. Since GAOs last housing privatization report in 2006, major force structure initiatives have placed new demands on DoD for housing. GAO was asked to assess the following 1 the progress of DoDs housing privatization program, 2 the occupancy rates of the housing projects, 3 the impact of various force structure initiatives and DoDs efforts to mitigate any challenges, and 4 the effect of financial market turmoil on some projects. To perform this work, GAO visited 13 installations with privatization projects analyzed project performance data and interviewed DoD officials, real estate consultants, and private developers. GAO recommends that DoD provide more current information on investment caps and the impact of the current financial market on projects in its semiannual report to Congress. In response to a draft of this report, DoD concurred with GAOs recommendations.

Subject Categories:

  • Administration and Management
  • Personnel Management and Labor Relations
  • Structural Engineering and Building Technology
  • Military Forces and Organizations

Distribution Statement:

APPROVED FOR PUBLIC RELEASE