The Ministry of Defence (MoD) is promising to modernise, refurbish or rebuild more than 40,000 service family homes over the next 10 years.
The 拢9bn programme will be funded by the development of 100,000 new homes on surplus MoD, for both civilian and military residents.
This is in addition to the 拢300m a year that is currently being spent on military housing.
The investment plan follows the government鈥檚 Annington Homes deal earlier this year, which saw the MoD pay private equity firm Terra Firma 拢6bn to bring 36,000 properties from the married quarters estate back into public ownership to yield savings of 拢200m a year.
Defence secretary John Healey said: 鈥淥ur new defence housing strategy will be the biggest renewal of armed forces housing in more than 50 years. This is a new chapter: a decisive break from decades of underinvestment, with a building programme to back Britain鈥檚 military families and drive economic growth across the country.
鈥淲e are a government that is on the side of our forces and their families.聽 With this historic 拢9bn investment, we will deliver the modern, quality homes that our forces and their loved ones deserve.鈥�
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