1. Picerne Military Housing Angela French Marcum Communications Manager Picerne Military Housing at Aberdeen Proving Ground 2012 Project Update 21 June 2012

2. Insert Approved Classification Here APG Communities Partnership APG-RCI VISION Enhance quality of family life and community life Focused on sustainability for the next 48 years Long-term partnership with Garrison—committed to providing quality housing in quality neighborhoods Focus on strategic planning of capital improvements Committed to the Aberdeen Proving Ground Community Harford County support and conduit bond has improved the ability to finance the project and provide better housing for soldiers and their families

3. Insert Approved Classification Here PROGRAM OVERVIEW Initial Development Plan (completed within the next 4 years) 210 New Homes (all 3 or 4 bedrooms)—slated for completion by December 2012 97 Renovated Historic Homes—20 homes completed to date, renovations occur through attrition 65 duplex to single-family conversions—scheduled 2013 More than 600 demolitions—scheduled end of IDP Family-friendly 7,500 sq ft Neighborhood Center with community amenities—construction begins 2014

4. Insert Approved Classification Here PROGRAM OVERVIEW Initial Development Plan Continued Reduces number of on-base homes by over 600 homes–increasing housing demand and property tax revenues outside of the installation Program provides temporary opportunity for federal employees and military retirees to live on post More than $8 million generated by DoD/civilians/military retirees and put back into the program to build and renovate homes for military families (since January 2010)

5. Insert Approved Classification Here PROGRAM OVERVIEW Secondary Development Plan (Years 7 through 50) All income from the project is reinvested into the project 210 New and 97 Historic Homes renovated twice 65 Single-family conversions rebuilt and later renovated Major Renovation of the Neighborhood Center

6. Insert Approved Classification Here PROGRAM OVERVIEW – TIMELINE Picerne opened operations at APG December 2009 Picerne broke ground for 210 new homes November 2010 Began Historic Renovations (19) November 2010 Completed Turns to 433 Homes Spring 2011 First new townhome occupied February 2012 First move into new SNCO/CGO homes June 2012

7. Insert Approved Classification Here NOTABLE ACCOMPLISHMENTS School Street Renovations Convert duplexes into single-family homes Four of five, completed to date Deferred Maintenance More than 70% of occupied homes have received a first turn 10 playgrounds have been renovated and/or relocated Maintenance Requests More than 20,500 work orders complete since December 2009

8. Insert Approved Classification Here LOCAL AND SMALL BUSINESS COMMITMENTS Picerne Exceeds Army’s Small Business Expectations Across Portfolio Small business opportunities in Property Management, Construction and Development providing a direct benefit to local communities More than $25 million has been contracted to local subcontractors 93% of the subcontractors used are local $12.6 million paid out so far in 2012 to local businesses $1.4 million paid out so far in 2012 to veteran and women-owned business APG Baltimore

9. Insert Approved Classification Here Questions? For More Information: Picerne Military Housing 2727 Chesapeake Avenue Aberdeen Proving Ground, MD 21005 Office: 410.672.4073 Fax: 410.672.4005 www.aberdeenpicerne.com