Military Housing Privatization Initiative (MHPI)
The Military Housing Privatization Initiative (MHPI) was enacted on February 10, 1996, as part of the National Defense Authorization Act for fiscal year 1996. Under the MHPI authorities, DoD has been working with the private sector to revitalize our military housing and has successfully privatized about 97% of Navy Family Housing CONUS. This has resulted in many benefits to the Housing program, including many newly constructed homes, renovated homes, demolition or divestiture of inadequate homes, and teaming with professional property management companies to provide homes, services and amenities that were simply not feasible through traditional Military Construction and Housing Management.
- Direct loans
- Loan guarantees
- Equity investments
- Conveyance or leasing of property or facilities
- Rental guarantees
Public Private Venture (PPV) privatized housing is owned by a private entity and governed by a business agreement in which the Navy has limited rights and responsibilities. The private entity is entirely responsible for:
For a listing of Navy Public Private Venture (PPV) projects for family and unaccompanied housing see the Navy Awarded PPV Projects.
For Marine Corps Family Housing PPV Projects see the Marine Corps Project listing (The Marine Corps currently does not have any unaccompanied housing projects.)