Hawaii Military Housing Gets $25 Million Boost
Hawaii's red-hot real estate market will further benefit from a recent $25 million bump in housing allowance funds for U.S. military personnel. More than 19,000 island military families will be helped by this 8% increase. This boost comes amidst a multi-billion-dollar federal program to construct and renovate military housing across the state.
Military families choosing to live off-base receive a monthly housing allowance that can be used to pay either rent or a mortgage. In a tight rental market, this increase could give military families an edge against civilian competition. Also, among property managers, military personnel enjoy reputations as reliable, promp-paying tenants who do not leave suddenly.
Hawaii's military families will now receive between $926 and $3,127 per month for their housing, an annual average of $17,630 per family in 2005.
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