1. Short title This Act may be cited as the Better Military Housing Act of 2018 . 2. Findings Congress finds the following: (1) In 1996, Congress sought to address the poor quality of military housing by providing the Department of Defense authority to obtain private sector financing and management to repair, renovate, construct, and operate military housing. (2) Since 1996, the Department has privatized 99 percent of military housing in the United States. (3) Although the Department has regularly assessed the financial condition of its privatized housing program, the Department has not used consistent measures of financial condition, consistently assessed future sustainment, or issued required reports to Congress in a timely manner. 3. Improvement of monitoring and oversight of and reporting regarding Military Housing Privatization Initiative (a) In general The Secretary of Defense, in carrying out subchapter IV of chapter 169 of title 10, United States Code (known as the Military Housing Privatization Initiative), shall— (1) use consistent measures for the assessment of the financial condition of projects conducted under such subchapter; (2) consistently incorporate measures of future sustainment in assessments of such projects; (3) submit reports regarding such projects to Congress in a timely manner; (4) fully assess the effects of any reduction in the basic allowance for housing on the financial condition of such projects