At a glance
Possible toolIND-40 · Investment & capital
Authority holder: Secretary concerned
Investment & capitalCooperation & exchanges
Mechanism tags describe the source text; they do not expand the authority.
Availability and verificationConditional legal pathway; current funding, required determinations, and actual delegation not certified.
Program process and intake
Checked 2026-10-04 · program documented. Program evidence is separate from legal authority, available funds and transaction approval.
Express equity and debt authority exists within military-housing privatization, with documented service partnership processes. It is housing-specific, not general-purpose investment capital.
Military Housing Privatization Initiative — project investment
- Who this route serves
- Eligible developers/entities on military family or unaccompanied-housing projects; not ordinary businesses seeking general capital.
- Administering office / routing lead
- Secretary concerned and assigned service privatization/real-estate teams; NAVFAC, AFCEC and Army RCI/USACE Norfolk within their respective scopes
Related processSection 2875 supplies express housing investment authority; the temporary percentage modification is PL 119-21 section 20001(b).
What this evidence label means Housing program documented; project intake not verifiedThe FY 2027 justification documents ongoing MHPI oversight and housing-improvement accounts. It is not an open finance notice.
Status reference date: 2026-10-04 · research checked 2026-10-04
FY 2027 Defense-Wide Family Housing and FHIF budget justification · April 2026; FH-3, FH-31–33, FH-37–39; PDF pp.5,32–35,38–40official budget exhibit · published 2026-04 · Evidence record Program eligibility
Steps and preparation
Navy/Marine Corps PPV projects use private partners to develop/manage housing; partner/subcontracting directories identify existing projects, not a general federal loan application.
NAVFAC — Subcontracting Opportunities and PPV partners · Public Private Venture housing program and partner directoriesofficial program guidance · Evidence recordAFCEC publishes contract opportunities through SAM.gov. A specific housing-project notice is necessary; no current open developer financing solicitation was verified in this review.
AFCEC — Business opportunities · Contract opportunities published through SAM.gov; page review September 29, 2025official program guidance · Evidence recordUSACE’s 2025 assignment regulation identifies Norfolk District’s Army RCI program-management/support responsibilities.
USACE ER 5-1-10: Work Assignments and Responsibility · March 25, 2025 regulation, printed p.15, Norfolk District RCI responsibilitiesofficial program guidance · published 2025-03-25 · Evidence record
Funding, limits and authority relationship
Funding and financial terms
Exclusions and limits
Temporary 60% cap applies to both statutory investment limits from July 4, 2025 through September 30, 2029; this changes percentages, not appropriations or open intake.
Public Law 119-21 · Sections 20001(b), 20004(d), 20005(b)statute · published 2025-07-04 · Evidence recordOrdinary cash/combined contribution caps are 33⅓%/45%; eligible housing investments are not a general venture or critical-minerals equity fund.
10 U.S.C. 2875, 2024 official edition · Subsections (a)–(d); read with Public Law 119-21 section 20001(b)historical statutory edition · Evidence record
Authority relationship source
Public Law 119-21 · Sections 20001(b), 20004(d), 20005(b)statute · published 2025-07-04 · Evidence recordService housing PPV/partner context →
service program / existing private-partner discovery: Navy/Marine Corps scope only. Use project-specific service notices for developer participation; subcontracting with a partner is a different route.
Research scope and sources checked
The first program-depth pass checked the cited program pages, notices and legal framework. Evidence is limited to the named routes and source-access notes; it does not establish every implementation of the statute.
- 10 U.S.C. 2875, 2024 official edition · Subsections (a)–(d); read with Public Law 119-21 section 20001(b)historical statutory edition · Evidence record
- Public Law 119-21 · Sections 20001(b), 20004(d), 20005(b)statute · published 2025-07-04 · Evidence record
- FY 2027 Defense-Wide Family Housing and FHIF budget justification · April 2026; FH-3, FH-31–33, FH-37–39; PDF pp.5,32–35,38–40official budget exhibit · published 2026-04 · Evidence record
- NAVFAC — Subcontracting Opportunities and PPV partners · Public Private Venture housing program and partner directoriesofficial program guidance · Evidence record
- AFCEC — Business opportunities · Contract opportunities published through SAM.gov; page review September 29, 2025official program guidance · Evidence record
- USACE ER 5-1-10: Work Assignments and Responsibility · March 25, 2025 regulation, printed p.15, Norfolk District RCI responsibilitiesofficial program guidance · published 2025-03-25 · Evidence record
What remains unverified
- Verify the selected project’s capital valuation, military occupancy agreement, actual government contribution and service approval.
- No currently open housing-equity investment round was verified; do not imply the 60% cap is an entitlement.
A dated source check is not continuing monitoring. Recheck the linked official notice before preparing a submission. Browse program research →
Funding conditions
- Authorized housing funds and current funds controls; temporary higher percentage is not an appropriation.
Read the funding and execution guide
Who contributes what
Need & planning
- Service housing portfolio office / installation housing staff
- ASD(EI&E) housing policy
Resources
- Family Housing Improvement Fund or Military Unaccompanied Housing Improvement Fund / applicable housing accounts
Approval
- Secretary concerned; congressionally required notifications and budget authority
Execution
- Service housing privatization and real-estate teams
- USACE / NAVFAC / AFCEC as assigned
Partners & review
- Eligible housing developer / private lenders
- Residents and installation housing office
Office links are editorial matches to the original role text, not verified delegations. Composite labels and unmatched actors are preserved.
Coordination pathwayRequirement sponsor → named planning office → resource owner and counsel → statutory approving official → authorized executing/contracting office.
Actor and execution-role sources
What this research establishes
Legal basisSources linkedLegal sources and instrument limits are recorded.
RequirementsGates recordedRead the requirements for this instrument; applicability depends on the proposed action.
Public fundingRules recordedAuthorized housing funds and current funds controls; temporary higher percentage is not an appropriation. Office budget figures are separate institutional context, not an allocation to this instrument. Assigned rolesRoles recordedPublic sources describe institutional authority. The instrument identifies approval and execution roles; a specific signature remains transaction-dependent. EngagementRelated evidenceExpress equity and debt authority exists within military-housing privatization, with documented service partnership processes. It is housing-specific, not general-purpose investment capital. Program check: 2026-10-04; see each route for intake status. Confidence: High on statutory permission; execution roles are organizational routing, not verified individual delegations.
Currentness: §2875 operative text plus Pub.L.119-21 §20001(b) read; OLRC Sept10,2026 entry confirms temporary cap note.
Review scope: Original research target October 2, 2026; no record-specific last-review date supplied. Publication is not legal-currentness certification.