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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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