Military Housing Allowances on Oahu to Increase by 14.7 Percent in January 2014

The Pentagon has announced that housing allowances for military families living on Oahu would increase by 14.7 percent starting on January 1, 2014.  Nationally, the "basic allowance for housing" (BAH) increased by an average of 5 percent.  To calculate BAH increases, factors including average rental rates, vacancies, utility costs and renter's insurance were taken into consideration.  Pentagon spokesman, Navy Lt. Cmdr. Nate Christensen, commented, "BAH is designed to assist service members assigned to permanent duty stations within the United States with acquiring housing comparable to civilians in the same income range at that location."

State economist Eugene Tian, notes that military families rent out about 32,000 of the 133,395 available units and properties on Oahu.

Source: Honolulu Star Advertiser, 12-18-2013, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, REALTOR®
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