Military Housing Affordability Act would increase stipend military families receive for off-base housing
Washington, D.C. – U.S. Senator John Hickenlooper signed onto two bills that would make housing more affordable for military families, particularly in areas with a high cost of living.
“Military families answer the call by living wherever they’re needed most,” said Hickenlooper. “We should make sure they have a quality, affordable place to call home while serving our country.”
Colorado is home to more than 47,000 active duty service members and six military bases. Housing prices in Colorado have risen dramatically in the last decade. Specifically, Hickenlooper is cosponsoring the following bills:
Military Housing Affordability Act
- The Military Housing Affordability Act would grant a two-year extension of the Secretary of Defense’s authority to temporarily adjust the basic allowance for housing (BAH) rates where the cost of adequate housing differs more than 20 percent from the current BAH rate. The DoD’s current authority expires on September 30, 2022.
Increasing Homeownership for Servicemembers Act
- The Increasing Homeownership for Servicemembers Act would direct the Secretary of Defense to conduct a study to better understand the barriers to ownership for members of the Armed Forces. With frequent moves and other potential barriers, the opportunity to own a home and build family wealth is out of reach for many service members.