Fort Hood: $1.1 billion secured for home construction, improvements on post and at 5 other installations
FORT HOOD, Texas (KWTX) - The U.S. Army has approved terms negotiated by Lendlease, the company that owns and operates housing on multiple installations, for $1.1 billion in capital investment from public financial institutions to accelerate housing construction and improvements at Fort Hood and five other installations.
The funding will speed up improvements to 12,000 existing homes at Fort Hood, Fort Campbell, Fort Knox, Fort Wainwright, Fort Drum, and on Oahu and will pay for construction of more than 1,200 new homes at Fort Hood, Fort Campbell, Fort Knox and Fort Wainwright, and a significant portion of the funding is going to Fort Hood.
Work will begin this summer, Lt. Gen. Pat White, III Corps commanding general, said.
“I look forward to seeing our soldiers and their families in modern housing that they can be proud to call home. People are our greatest asset, and we owe it to the soldiers and families who work and live here to provide them the best housing possible,” he said.
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