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Week of April 28, 2003
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Opportunity for Developers at California Air Force Base

Located 45 miles northeast of Sacramento, Beale Air Force Base is holding an Abbreviated Industry Forum on April 30 beginning at 7:30 a.m. to follow up on plans for its housing privatization project. The scope of the project has been revised since it was presented last June.

A private developer is being sought for the project, which involves 1,344 family housing units on base. The federal government will convey the housing units and other associated improvements, including infrastructure and utilities, and will lease the underlying land for 50 years to the developer.

The successful developer will own and operate the rental housing development for 50 years, as well as finance, plan, design and construct improvements to the development. The developer


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will contribute cash equity, maintain private sector debt and be responsible for managing and operating the project.

If financial assistance is needed, the government may provide a direct loan and/or a limited loan guarantee of a permanent loan from an approved commercial lender.

The half-day forum will include presentations on the final technical elements of the housing project. Those attending will have the option of taking a guided tour to inspect the housing on base. The forum is being conducted by PSC Military Housing Corporation.

An NAHB Military Housing Privatization Task Force is working to overcome barriers that have prevented NAHB members from successfully bidding on military housing projects.

NAHB members can obtain further information about the task force.

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