Navy selects firm to negotiate for largest family housing privatization project

The specific Navy Southeast Project family housing locations include: NAS Jacksonville, Naval Weapons Station, Charleston, S.C.; NSB Kings Bay, Ga.; NS Mayport; NAS Key West, Fla.; Naval Support Activity Panama City, Fla.; NAS Pensacola, Fla.; NAS Whiting Field, Fla.; Naval Construction Battalion Center, Gulfport, Miss.; NAS Meridian, Miss. and NAS Joint Reserve Base Fort Worth, Texas.

The 50-year term of the project will begin with a six-year Initial Development Period (IDP) valued at approximately $772 million. The National Defense Authorization Act for Fiscal Year 1996, Section 2801, provides a series of powerful authorities that allows military services to enter into long-term agreements with private industry to design, finance, construct, own, operate, maintain and professionally manage public/private housing ventures.

For more information on the Navy's Public/Private Venture program, visit http://www.housing.navy.mil/.

Congressionally authorized since 1996, the Military Housing Privatization Initiative allows the Department of Defense, and the Department of the Navy, to work with the private sector to upgrade the quality of family housing and operate and maintain that housing. The family housing assets are leveraged with private investment to accomplish housing construction goals faster and at a lower cost than military construction.