In Maryland you can’t pick up a newspaper without hearing something about BRAC. Some have a general idea of what it is, but how is it going to effect Maryland residents and the housing market?
“BRAC” is an acronym that stands for Base Realignment and Closure. It is the congressionally authorized process Department of Defense has previously used to reorganize its base structure to more efficiently and effectively support our forces, increase operational readiness and facilitate new ways of doing business. The most recent iteration of base realignment was enacted as federal law in November 2005 as is known as BRAC 2005.
In response to the 2005 Base Realignment and Closure (BRAC) decisions, Governor Martin O’Malley and the State of Maryland received the tremendous honor of being asked to accommodate a significant expansion of the United States military installations. As a result, Maryland would become the future home to thousands of our country’s federal civilian and military families. Read more…
