Air Force flies in to NYC selling new housing plan.The US Air Force flew into New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of this week with news of a request for proposals for a $500-million housing privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned and improvement initiative. At a special forum in the city, Air Force officials spoke with real estate developers interested in investing in the military family housing project. Prospective developers learned about Air Education and Training Command's Group II Housing Privatization project during industry and financial forums at the Roosevelt Hotel
Colonel Leonard Patrick,. Headquarters Air Education and Training Command Air Education and Training Command (AETC) was established July 1, 1993, with the realignment of Air Training Command and Air University. It is one of ten major commands (MAJCOMs), reporting to Headquarters, United States Air Force (HQ USAF). Civil Engineer, said the forums provide prospective developers information about the command's multi-installation housing privatization initiative. "The Group II Housing Privatization program will include nearly 4,000 units at seven Air Force installations," said Colonel Patrick. "The forum [gave] us the chance to explain the program in detail to prospective developers." The seven AETC AETC Air Education & Training Command (US Air Force) AETC Air Education and Training Command AETC AIDS Education and Training Centers AETC Alabama Educational Technology Conference AETC Advanced Engineering Technology Conference bases included in the project are: Maxwell Air Force Base Coordinates: “Maxwell Field” redirects here. For other uses, see Maxwell Field (disambiguation). Maxwell Air Force Base (IATA: MXF, ICAO: KMXF, FAA LID: MXF), officially known as , Ala.; Columbus AFB AFB abbr. acid-fast bacillus AFB Acid-fast bacillus, also 1. Aflatoxin B 2. Aorto-femoral bypass and Keesler AFB, Miss.; Vance AFB, Okla.; and Goodfellow AFB, Laughlin AFB and Randolph AFB, Texas. "This initiative will allow the Air Force to dramatically reduce the time and government dollars required to provide our military families at these bases access to quality, affordable housing," said Colonel Patrick. The housing privatization program was initiated by the Department of Defense in 1996 to speed up refurbishing of military quarters and to build new housing. The military uses real estate transactions that lease land and convey existing housing units to a private development company on a long-term basis, typically a 50-year term. The developer's income comes from leasing the property to military members at set housing allowance rates. Not to be confused with traditional military construction projects or government acquisition programs, housing privatization is a real estate transaction. While the government may loan the developer a certain portion of the money required for the project, the developer must also arrange for other necessary loans from financial institutions to fund the development. "For every dollar the Air Force commits, in housing and privatization, the private sector will invest many times more," said Colonel Patrick. This will be the second grouped housing privatization project for the Air Force and AETC. Source selection for AETC's Group I Housing Privatization Project is underway with award of the four-installation lease anticipated later this year. The Group I project includes nearly 3,000 housing units at Altus AFB, Okla.; Luke AFB, Ariz.; Sheppard AFB, Texas and Tyndall AFB, Fla. The Group II Industry and Financial Forums held this week included overviews of the Air Force and AETC housing privatization programs, a business-case analysis of the Group II project, individual presentations on the seven grouped installations and a detailed explanation of the solicitation and award process. More information about the Group II Housing Privatization Industry and about the Financial Forums is available at the Jones Lang LaSalle Jones Lang LaSalle (NYSE: JLL) is a major real estate and money management services firm headquartered in the Aon Center in Chicago, Illinois and the only company in its industry making it into Fortune magazine's list of the 100 Best Places to Work in the U.S. Privatization Support Contractor site located at www.jllpsc.com. |
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