MILITARY HOUSING NEEDS ASSESSMENT STUDY EXECUTIVE SUMMARY February 22, 2005 Prepared for Florida Housing Finance Corporation Prepared by MILITARY HOUSING NEEDS ASSESSMENT STUDY EXECUTIVE SUMMARY February 22, 2005 Prepared for Florida Housing Finance Corporation Prepared by Strategic Planning Group, Inc. i FHFC Military Housing Assessment EXECUTIVE SUMMARY Table of Contents Table of Contents............................................................................................................................... i Introduction....................................................................................................................................... 1 Purpose of the Study ..................................................................................................................... 1 Methodology..................................................................................................................................... 1 Military Demographics ..................................................................................................................... 1 Age................................................................................................................................................ 1 Working Spouse............................................................................................................................ 1 Enlisted Ranks .............................................................................................................................. 1 Commissioned Officer Ranks....................................................................................................... 2 Conclusions................................................................................................................................... 2 Military Housing Standards .............................................................................................................. 2 On-installation versus Off-installation Military Housing............................................................. 3 On-Installation Family Housing ........................................................................................... 3 On-Installation Unaccompanied Housing............................................................................. 3 Off-installation Military Housing ................................................................................................. 3 Basic Allowance for Housing (BAH)....................................................................................... 3 Military versus Non-Military Housing Affordability ............................................................... 4 Installation Summaries...................................................................................................................... 6 Northeast Region .......................................................................................................................... 6 Naval Air Station Jacksonville..................................................................................................7 Naval Station Mayport.............................................................................................................. 7 Blount Island Command ...........................................................................................................8 Military Personnel Housing Needs ....................................................................................... 8 On-Installation Housing.................................................................................................... 8 On-Installation Family Housing....................................................................................... 8 Off-Installation Housing ................................................................................................... 9 Off-Installation Family Hou ............................................................................................. 9 Regular Military Compensation (RMC) ......................................................................... 11 Local Market Demand/Supply................................................................................................ 12 Community Housing Supply .............................................................................................. 13 Rental Supply.................................................................................................................. 13 Current Apartment Inventory.......................................................................................... 13 Owner-Occupied Housing .............................................................................................. 14 Multiple Listing Service –Ownership............................................................................. 14 Findings – NAS Jacksonville.............................................................................................. 14 Findings NS Mayport/Blount Island Command ................................................................. 16 Northwest Panhandle .................................................................................................................. 17 Naval Air Station Pensacola ................................................................................................... 17 Military Personnel Housing Needs ..................................................................................... 17 Naval Air Station Whiting Field............................................................................................. 17 Military Personnel Housing Needs ..................................................................................... 17 On-Installation Housing.......................................................................................................... 18 On-Installation Family Housing ......................................................................................... 18 On-Installation Unaccompanied Housing........................................................................... 18 Off-Installation Housing ......................................................................................................... 18 Off-Installation Family Housing......................................................................................... 18 Strategic Planning Group, Inc. i FHFC Military Housing Assessment EXECUTIVE SUMMARY Off-Installation Unaccompanied Housing .......................................................................... 20 Regular Military Compensation.......................................................................................... 21 Local Market Supply/Demand................................................................................................ 22 Community Housing Supply .............................................................................................. 22 Rental Supply.................................................................................................................. 22 Findings................................................................................................................................... 24 East Panhandle............................................................................................................................ 25 Eglin Air Force Base (AFB) and Hurlburt Field .................................................................... 25 Military Personnel Housing Needs ..................................................................................... 26 On-Installation Housing.......................................................................................................... 26 On-Installation Family Housing ......................................................................................... 26 On-Installation Unaccompanied Housing........................................................................... 27 Off-Installation Housing ......................................................................................................... 27 Off-Installation Family Housing......................................................................................... 27 Off-Installation Unaccompanied Housing .......................................................................... 28 Regular Military Compensation.......................................................................................... 29 Local Market Demand/Supply................................................................................................ 30 Community Housing Supply .............................................................................................. 31 Rental Supply.................................................................................................................. 31 Findings................................................................................................................................... 32 Tyndall Air Force Base and Naval Surface Warfare Center (NSWC) Panama City.............. 33 Tyndall Air Force Base........................................................................................................... 34 Military Personnel Housing Needs ..................................................................................... 34 On-Installation Housing.......................................................................................................... 34 On-Installation Family Housing ......................................................................................... 34 On-Installation Unaccompanied