Public-Private Partnership Initiative
The Public-Private Partnership (P3) Initiative was launched in 2015 across nine University System of º¬Ðß²Ý (USG) Institutions. The initiative currently includes 9,948 beds of on campus housing, with 3,753 new beds delivered in August of 2016.
The goals of the P3 program are to:
- Ensure on-campus housing is affordable, safe, and meets high quality standards
- Provide additional housing for students without incurring additional USG capital lease obligations;
- Reduce the amount of USG capital lease obligations associated with the portfolio of existing housing assets;
- Leverage private sector efficiencies in the design, construction, operations and maintenance of student housing while retained student facing services like residence life, security, and rent collection.
- Develop a long-term relationship between the USG, its member institutions and a private housing provider (Concessionaire) to attract students to live on-campus and to enhance the college experience for these students.