FORT KNOX, Ky. — The U.S. Army and lending company Lendlease have closed on $1.1 billion in improvement financing for privatized military housing communities at Fort Knox and four other Army installations.

Approved work began this year and will include approximately $80 million invested in the construction of more than 60 new homes at Fort Knox, as well as installation of more than 740 new HVAC systems at Fort Knox and renovations to more than 570 homes.

John Bredehoeft from Knox Hills said that his team has been busy completing current housing improvement projects.

“We are about halfway through our current old year work. We completed somewhere in the neighborhood of about 150 of our major renovations,” Bredehoeft said.

The money from the Lendlease-Army deal will allow Fort Knox to invest over $100 million over the course of the next five years to improve the lives of soldiers and their families.

“That’s going to bring over 60 brand new homes, have over 570 additional renovations, hundreds of roofs, roads, HVAC,” Bredehoeft said.

The housing will benefit the lives of those who live on the installation. Bredehoeft said the Army has its priorities, so his team has its own battle plan.

“The Army has their mission to execute being soldiers. So our mission is to take care of soldiers and their families to make sure on the homefront their house is in good working order,” Bredehoeft said. “Building new homes for people so when soldiers go out on their mission they don’t have to worry about what is going on at home.”

Bredehoeft said while people think of the gold, cadets, and soldiers at Fort Knox, there are plenty of neighborhoods, parks, and community centers to help military families feel at home.

“They don’t realize all of this exists,” Bredehoeft said. “Really Fort Knox is a small town we run on a day to day basis. Houses, community centers, utilities, streets, there’s so much more to a military installation than the training and fields, it’s really a town onto itself inside the gate.”