Hunt Takes Over Troubled Housing Projects

HP Communities, a limited liability company owned by Hunt Development Group of El Paso, Tex., and Pinnacle AMS Development of Seattle, Wash., has taken over the American Eagle military housing privatization projects at four Air Force bases through a sale announced Nov. 4. In a release yesterday, the Air Force said the deal, culminating almost two years’ effort, consolidates the housing privatization projects at Hanscom AFB, Mass., Little Rock AFB, Ark., Moody AFB, Ga., and Patrick AFB, Fla., under a single umbrella and allows construction to restart at all locations. It also conveys 524 military family units at Patrick AFB, Fla., for privatization. “Getting these projects back on track has been of utmost importance to the Air Force and will improve the quality of life for our airmen at these four installations,” said Kathleen Ferguson, USAF’s lead for installations. The Air Force attracted Congressional criticism over the management of these projects, which encompass more than 2,600 housing units, after they became mired in cost overruns and schedule delays. Hunt was considered a sound option to take them over, since the company has built more military family housing in the US than any other company and has a significant percentage of USAF’s existing privatization portfolio.