About Military Housing Privatization Initiative (MHPI)
Military Housing Privatization Initiative (MHPI) was enacted into law by the 1996 National Defense Authorization Act (10 U.S.C. Sections 2871-2885), which authorizes the use of private sector resources to finance and construct affordable military housing that meets the housing quality standards of the local community. This law allows the military services to address their housing needs by utilizing private sector resources to finance and construct housing units consistent with current market standards. The law and other statutory authorities authorizes direct loans and loan guarantees, conveyance or leasing of existing property and facilities, and the building of new housing and facilities to local commercially acceptable standards and codes. The MHPI’s goal is to provide military members and their families with quality, affordable housing in a manner that is cost-effective and expeditiously replaces the Department of Defense’s (DoD) aging inventory of housing units.
Key steps in this program, from concept development through selection of the Highest Ranked Offeror (HRO) and the real estate and financial transaction closure, include:
- Feasibility Assessment and Concept Development
- Request for Proposal (RFP) Development
- Support the Project RFP Approval Process
- Industry Forum
- Proposal Assessments
- Facilitate Oral Presentations
- Acquisition Support Team (AST) Training
- Financial and Transaction Closing
- Post-Transaction Closing Support
- Partnering Sessions and Workshops