2024-06896. Publication of Housing Price Inflation Adjustment

AGENCY:

Office of the Under Secretary of Defense for Personnel and Readiness (USD(P&R)), Department of Defense (DoD).

ACTION:

Notice of housing price inflation adjustment for calendar year 2024.

SUMMARY:

The DoD is announcing the 2024 rent threshold under the Servicemembers Civil Relief Act (SCRA). Applying the housing price inflation adjustment, the maximum monthly rental amount calculated as of January 1, 2024, is $9,812.12.

DATES:

These housing price inflation adjustments are effective January 1, 2024.

FOR FURTHER INFORMATION CONTACT:

Mr. Mike Yedinak, Office of the Under Secretary of Defense for Personnel and Readiness, [phone].

SUPPLEMENTARY INFORMATION:

The SCRA, as codified at 50 U.S.C. 3951, prohibits a landlord from evicting a Service member (or the Service member's family) from a residence during a period of military service, except by court order. The law as originally passed by Congress applied to dwellings with monthly rents of $2,400 or less. The SCRA requires the Secretary of Defense to adjust this amount annually to reflect inflation and to publish the new amount in the Federal Register . Applying the housing price inflation adjustment for 2024, the maximum monthly rental amount for 50 U.S.C. 3951(a)(1)(A)(2) as of January 1, 2024, is $9,812.12.

Dated: March 27, 2024.

Aaron T. Siegel,

Alternate OSD Federal Register Liaison Officer, Department of Defense.