Privatized housing is also referred to as Public-Private Venture (PPV), a partnership between the Navy and a private company. With PPV, the Navy can sign a legal agreement with a private company to renovate and construct family housing (FH) and unaccompanied housing (UH) quickly and affordably. Also, Navy policy is to rely first on PPV to improve both FH and UH. With the present funding situation, PPV is the best way to ensure you still have the opportunity to reside in high quality facilities.
Benefits of Basic Allowance for Housing
With privatized housing, military families and single sailors are getting more amenities with their basic allowance for housing (BAH) than ever before, and more than they can get in any other private housing community.
You can find our partner’s website at www.nsyportsmouthhomes.com. It includes contact information and specific information regarding PPV housing on Portsmouth Naval Shipyard. We have gathered some frequently asked questions regarding PPV housing that can be found here.
Military Housing Privatization Initiative
The Military Housing Privatization Initiative (MHPI) was enacted on February 10, 1996, as part of the National Defense Authorization Act for fiscal year 1996. The MHPI program was created to address two significant problems concerning housing for military Service Members and their families: the poor condition of Department of Defense (DoD) owned housing and a shortage of adequate affordable private sector housing. Under the MHPI authorities, DoD can work with the private sector to revitalize our military housing by employing a variety of financial tools-including direct loans, loan guarantees, equity investments, conveyance or leasing of property or facilities, and rental guarantees.
The Defense Authorization Bill in fiscal year 2003 authorized the Department of the Navy to pursue no more than three UH privatization pilot projects. Based upon the lessons learned during the pilots, the Navy will determine how best to employ privatization to meet UH needs.