RENOVATIONS UNDERWAY AT FORT BRAGG HOUSING FACILITIES

September 13, 2019

The private-sector companies that manage housing on U.S. military bases have been under fire ever since media reports last winter about problems like mold and poor maintenance, and Congress is considering reforms.

Now one of the companies —  which operates the housing on Fort Bragg and a dozen other installations —has unveiled an unusual plan it says will help, and could be a model for the other companies.

John Picerne, the founder and CEO Rhode of Island-based Corvias, says he and a group of lenders are financing $325 million in major renovations and utility upgrades to about 16,000 homes on seven Army bases.

Read the full story here: https://www.wunc.org/post/renovations-underway-fort-bragg-housing-facilities