Fort Hood to Build 1,200 New Homes
Here s some great news for families living on Fort Hood or who ll be moving there. The Fort Hood Sentinel is reporting that the Army base was selected as one of 6 installations to receive funding for improving existing homes and building 1,200 new ones.
The announcement came in late January from the Department of the Army. The commanding general of III Corps and Fort Hood, Lt. Gen. Pat White, said, “Today, the Army announced that Fort Hood will receive significant funding to upgrade and build new housing for enlisted Soldiers. Work will begin in summer 2021.”
Terms were negotiated by Landlease, which works with the Army on housing for multiple Army instillations and is also the parent company for Fort Hood Family Housing.
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The Army has approved Lendlease, the company that owns and operates housing on several Army installations, to secure $1.1 billion of private-sector investments to improve 12,000 existing homes on six installations, including Fort Hood, and build 1,200 new homes on four installations, also at Fort Hood.
Fort Hood will receive a âsignificant portionâ of the $1.1 billion funds approved, Army Public Affairs said in a news release Wednesday afternoon.
Fort Hood officials said the Army is still working on the specific allocations.
The $1.1 billion investment will provide for an acceleration of improvements by 10 years.
âEach Army installation has long-term sustainment plans that include capital repair, replacement and reinvestment,â the release said.
Army approves $1.1 billion for housing improvements on six installations including Fort Hood
A large portion of the investment will be given to Fort Hood. Fort Hood leaders say the base is grateful for the improvements to come. Author: Celeste Houmard (6News) Updated: 10:39 PM CST January 28, 2021
FORT HOOD, Texas The Army took a major step forward on January 5 to improve privatized housing by approving terms negotiated by Lendlease, a company that has partnered with the Army to own and operate housing on multiple installations, for $1.1 billion in capital investment from public financial institutions.
This investment of private-sector funding will allow Lendlease to accelerate their planned sustainment program at Army installations by more than 10 years. Lendlease owns and operates military housing nationally, which includes over 26,000 Army homes. It is one of the U.S. Army’s seven major private housing partners.
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