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Posts Tagged ‘defense real estate’

VA Uses EUL to Build Supportive Housing for Veterans at New York Medical Center

  • August 7, 2013
  • comments: 1

The Department of Veterans Affairs is using an enhanced use lease to create housing for at-risk veterans and their families at the Canandaigua VA Medical Center in New York’s Finger Lakes region. Partnering with the VA on the $11.4 million project are the Finger Lakes Addiction Counseling and Referral Agency and Cazenovia Recovery Systems. Ohio-based KeyBank provided $5 million in Low Income Housing Tax Credit (LIHTC) equity to finance the project located on Cadence Square …

Privatization Initiative Greatly Accelerated Housing Improvements, Air Force Official Says

  • August 5, 2013
  • comments: 0

Housing privatization has provided tremendous benefits to airmen while saving taxpayers billions of dollars, according to the top housing official for the Air Force Civil Engineer Center (AFCEC). The Military Housing Privatization Initiative, created by Congress in 1996, has allowed the Air Force to accomplish in 13 years what would have taken 32 years using traditional military construction funding, said Col. Thomas Laffey, director of AFCEC’s housing division …

Senate Committee Approves Property Disposal Legislation

  • July 31, 2013
  • comments: 1

The Senate Homeland Security and Governmental Affairs Committee on Wednesday approved a measure intended to streamline the process for federal agencies to eliminate thousands of unneeded buildings and facilities. The 2013 Federal Real Property Asset Management Reform Act establishes a pilot program to dispose of up to 200 properties each year, with priority going to those with the highest value …

Excess Property Legislation Calls for Pilot Program to Expedite Disposal of Federal Sites

  • July 30, 2013
  • comments: 1

Bipartisan legislation introduced in the Senate intended to slash the federal government’s inventory of unneeded building and facilities includes a pilot program for streamlining the rules for disposing of surplus properties. The 2013 Federal Real Property Asset Management Reform Act — introduced Monday by Senate Homeland Security and Governmental Affairs Committee Chairman Tom Carper (D-Del.), ranking member Tom Coburn (R-Okla.) and committee members Mark Pryor (D-Ark.), Rob Portman (R-Ohio) and Mark Begich (D-Alaska) — would provide the director of the Office of Management and Budget the authority to dispose of up to 200 properties each year, with priority going to those properties that have the highest fair market value …

Balfour Beatty Takes over Housing at Six Air Force Bases

  • July 29, 2013
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Newtown Square, Pa.-based Balfour Beatty Communities will take ownership of the housing at six Air Force bases across the nation’s northern tier on Aug. 1. All together the firm will hold a 50-year title to 4,761 housing units at Grand Forks AFB, Minot AFB and Cavalier Air Force Station in North Dakota; Mountain Home AFB, Idaho; Ellsworth AFB, S.D.; and Cannon AFB, N.M. …

Unaccompanied Housing Project at Ft. Meade Presents Gamble for Corvias

  • July 25, 2013
  • comments: 2

Last year’s decision by East Greenwich, R.I.-based Corvias Military Living to fund the entire $72 billion cost of building apartments for single soldiers at Fort Meade, Md., poses a degree of risk for the company, which until April was known as Picerne Military Housing. The project — garden-style apartments for more than 1,400 soldiers — is the Army’s first privately-developed, on-post apartment community for unaccompanied junior enlisted soldiers …

Congress, GSA Look to P3 to Tame Federal Real Estate Costs

  • July 24, 2013
  • comments: 0

House lawmakers and federal officials believe public-private partnerships (P3s) are the key to helping the federal government dispose of excess properties as well as reduce its real estate costs. “The question is, can we provide that space in a more cost effective manner? P3s effectively used have the potential to help leverage private expertise in meeting those needs and developing and restoring agency properties,” said Rep. Lou Barletta …

Spending Bill Amendment Aimed at Underutilized Facilities

  • July 24, 2013
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Language adopted Tuesday by House lawmakers barring the Defense Department from spending money maintaining facilities it no longer uses is intended to eliminate wasteful spending, according to the office of Florida Rep. Patrick Murphy, who sponsored the amendment. The provision, approved during debate over the fiscal 2014 defense appropriations measure, is not targeted at installations closed through BRAC …

Air Force to Consider Offshore Drilling at Vandenberg

  • July 21, 2013
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The Air Force plans to study the feasibility of extracting oil and gas off the coast of Vandenberg Air Force Base in central California. If officials determine that extended reach drilling is feasible and is compatible with the base’s mission, the Air Force would enter into an enhanced use lease with a company interested in pursuing the production rights. The study, expected to take two to three months to complete, would assess the viability of using “slant drilling” to reach offshore oil deposits …

Resort Takes Shape on Florida Panhandle under EUL Program

  • July 18, 2013
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Construction crews are less than a year away from completing a resort on the Florida Panhandle being developed under an enhanced use lease (EUL) with the Air Force. The Holiday Inn Resort, which is scheduled to open in time for the spring 2014 vacation season, is being built on 17 acres of land on Santa Rosa Island owned by Eglin Air Force Base …

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