USAG-HI, IPC increases availability of four- and five-bedroom homes

| August 4, 2011 | 0 Comments

Island Palm Communities
News Release

Island Palm Communities

Island Palm Communities

SCHOFIELD BARRACKS — In response to the needs of service members and their families, the Department of the Army has approved a modified scope plan, or MSP, that will help U.S. Army Garrison-Hawaii meet its demand for more four- and five-bedroom homes.

“The original development plan was put together nearly a decade ago and was based on mission support projections at that time,” said Col. Douglas Mulbury, commander, USAG-HI. “Since then, our mission and the needs of the Army have changed tremendously.

“It’s important that we provide not just an adequate number of homes to our Soldiers and families, but also the appropriate types of homes to accommodate families of all sizes,” he said.

An additional 1,494 four- and five-bedroom homes will be built; a total of 2,249 four- and five-bedroom homes will be available.

“Our long-term partnership with the Army provides us the flexibility to adjust our business to meet the changing needs of the Army, while continuing to provide quality homes and communities to U.S. service members and their families,” said Mark Frey, project director, Island Palm Communities.

The MSP also extended the original development period from 2015 to 2020, which enables IPC to complete the project development plan with excess cash from operations, rather than taking on additional debt.

“Being able to make such a significant change to meet our housing needs without additional financing means that important support services and community programs provided to our families will not be sacrificed,” Mulbury said. “Our families living with us now, and those that will come to Hawaii several years from now, will continue to benefit from our partnership.”

When construction is completed in 2020, service members and their families will have 5,241 new homes and 2,515 renovated homes.

For more information about IPC development and the current status of construction, visit www.islandpalmcommunities.com and click on “About Us.”

 

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