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To solve the latest housing short fall, the government approved the Military Housing Privatization Initiative (MHPI) 1996. Under this program the government contracts private developers to build, own, and operate housing units. The developer then collects rent via housing allowance. At the time MHPI was approved, military members were expected to pay 15 percent of their housing costs out of pocket. Subsequent legislation has increased housing allowance to provide 100 percent of all housing costs eliminating out of pocket housing expense. Given the increased housing allowance, the objective of this research was to determine if there is financial value to the government to retain ownership of military family housing. This was done by calculating the Net Present Value (NPV) of recapitalizing BAH payments into family housing operations over 50 years, the contract period for privatized housing projects. The results show that MHPI provided the greatest financial benefit to the government at the time it was signed into law. This advantage changed when housing allowance increased eliminating out of pocket housing expense to the military member.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
