Who benefits from the cost savings from resident utility conservation?
Current and future residents of the Public-Private Venture project benefit from savings realized through utility conservation. The savings go into the operations, maintenance and long term reinvestments in the homes and neighborhood. After covering operations and maintenance, the remaining operating income monies are deposited into Reserve Accounts managed by the Department of Navy and Forest City Military Communities as Joint Venture owners of the project. These reserve funds are created for reinvestment into the project neighborhoods to ensure the homes are adequately maintained over the life of the project. In other words, sailors and their families are the primary beneficiaries from utility conservation because it’s their homes and neighborhoods that get maintained and improved over time.
