Pentagon to raise military housing allowances in US by 12% on average

[Tony]

Financial assistance for housing is on the way in the new year for the vast majority of service members stationed in the United States.

Nearly 97% of stateside military families are going to see a boost to their Basic Allowance for Housing, with an average increase of 12.1%, the Pentagon announced in a statement Wednesday.

The new rates take effect Jan. 1 and reflect the largest year-over-year jump to housing allowances in many years. Housing allowance payments totaling an estimated $26.8 billion will be paid to roughly 1 million service members next year, according to the statement.