To direct the Secretaries of the military departments concerned to conduct a feasibility study develop a plan to carry out a program to construct facilities of covered military housing and to submit to the Committees on Armed Services of the House of Representatives and the Senate a report on such study, and for other purposes.

HR 8455 requires military department secretaries to study building new non-Government-owned housing with multiple units in the highest-cost military housing areas (top 25% of basic allowance for housing rates in the continental U.S.). The study must also examine using such housing partially for military child development centers, as defined by federal law. Within 120 days of the bill's enactment, the secretaries must submit a report of their findings to Congress's Armed Services Committees. This bill directly affects military housing areas with the highest costs and the military departments responsible for housing policy.