Corvias announced the successful completion of a four-year program to enhance its portfolio of privatized military housing communities with new home construction, strategic renovations, and infrastructure improvements. The $325 million investment—which came at no cost to the U.S. Army—included renovations covering nearly 22,000 homes and supported U.S. Department of Defense (DOD) energy efficiency goals.
This large-scale investment facilitated by the Military Housing Privatization Initiative included modernizations to existing homes through energy efficiency updates ranging from improved-efficiency water heaters and new HVAC units to new lighting, toilets, and showerheads. Portfolio improvements also included investments to upgrade roadway infrastructure and community amenities.
“This investment is a testament of our commitment to our partners and residents as we found a way to solve for the absence of funding,” said Pete Sims, DOD Managing Director for Corvias. “This program enabled us to modernize housing infrastructure and amenities while incorporating innovative solutions to generate not only money, but energy savings as well.”
As part of the Military Housing Association’s commitment to reaching DOD energy-use goals, Corvias’ investment will result in the following annually: drastic reduction in electricity consumption by 22.1 million kWh across their Army portfolio, cut in natural gas consumption by 1.1 million Therms and reduction of water consumption by 290 million gallons. The CO2 reduction is equivalent to removing 4,700 gas powered cars from the road.
Recent renovations by Corvias as part of the project’s completion have included:
- A $34 million energy upgrade initiative at Fort Johnson, replacing 2,500 geothermal air conditioning units and the installation of efficient water-saving home features,
- Significant interior renovations at Fort Meade to 18 homes, including upgrades to flooring, bathrooms, kitchen counters and cabinets, and energy efficiency improvements,
- Interior and exterior renovations made to 22 homes at Fort Polk, including new countertops, cabinets, flooring, appliances, light fixtures, windows, and repainting.
“To date, we have received positive resident feedback and will continue to modernize our homes and infrastructure to meet the needs of the Army, the demand for on-base housing, and improve the quality of life for our residents,” said Sims.