Accession Number : ADA289805
Title : Public Sector Application of Real Estate Analysis and Finance Techniques. A Feasibility Study for Military Family Housing.
Corporate Author : TEXAS A AND M UNIV COLLEGE STATION
Personal Author(s) : McDowell, Robert W., III
PDF Url : ADA289805
Report Date : 18 NOV 1994
Pagination or Media Count : 62
Abstract : 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.
Descriptors : *MILITARY PERSONNEL, *POLICIES, *FINANCIAL MANAGEMENT, *SHORTAGES, MILITARY FACILITIES, ACQUISITION, TRAINING, COSTS, CASE STUDIES, CONSTRUCTION, FEASIBILITY STUDIES, DEFICIENCIES, SUPPLIES, REGULATIONS, MILITARY BUDGETS, FLORIDA, FINANCE, MILITARY ENGINEERING, TAXES, FAMILY MEMBERS.
Subject Categories : Economics and Cost Analysis
Sociology and Law
Structural Engineering and Building Technology
Distribution Statement : APPROVED FOR PUBLIC RELEASE