Military Housing
Trussway is proud to be part of this effort and has supplied or is currently
supplying products and services that will house over 31,000 families from coast
to coast.
Congress established the Military Housing Privatization Initiative (MHPI) in
1996 as a tool to help the military improve the quality of life for its service
members by improving the condition of their housing. The MHPI was designed and
developed to attract private sector financing, expertise and innovation to provide
necessary housing faster and more efficiently than traditional Military Construction
processes would allow. The Office of the Secretary of Defense has delegated to
the Military Services the MHPI and they are authorized to enter into agreements
with private developers selected in a competitive process to own, maintain and
operate family housing via a fifty-year lease.
MHPI addresses two significant problems concerning housing for military Service
members and their families: (1) the poor condition of DOD owned housing, and
(2) a shortage of quality affordable private housing. Under the MHPI authorities,
DOD works with the private sector to revitalize our military family housing through
a variety of financial tools-direct loans, loan guarantees, equity investments,
conveyance or leasing of land and/or housing/and other facilities. Military Service
members receive a Basic Allowance where they can choose to live in private sector
housing, or privatized housing.
Source - Office of the Under Secretary of Defense Installations and Environment website