Responding to unsafe military housing, U.S. armed forces unveil tenant bill of rights [Reuters]
MBIA Inc. (MBI)
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Source: Reuters
Responding to unsafe military housing, U.S. armed forces unveil tenant bill of rights | Reuters 6 Min Read WASHINGTON (Reuters) - The U.S. Army, Navy, Air Force and Marines unveiled a proposed tenant bill of rights on Wednesday that would hand more power to military families facing housing hazards and place enhanced scrutiny on private landlords drawing billions in fees from their military partnerships. The measure, jointly released by the services in advance of Senate hearings scheduled for Thursday morning, could usher in a major overhaul of the military’s two-decade old housing privatization program. Among other steps, it will require the military to renegotiate contracts – worth billions of dollars – with the real estate companies and bondholders who back the deals, Secretary of the Navy Richard Spencer said in an interview. “The fact that we took the eye off the ball allowed this to perpetuate itself,” Spencer told Reuters. “The fox guarding the hen house.” The tenant measure was
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