Air Force Space Command announces top offeror for housing privatization initiative Published March 13, 2007 By 070312 PETERSON AFB, Colo. -- The Air Force announced March 12 that Actus Lend Lease has been selected as the highest ranked offeror for the Tri-Group military family housing privatization project. Actus Lend Lease and the Air Force will form a Limited Liability Company to modernize Military Family Housing at Los Angeles and Peterson AFBs, as well as construct family housing at Schriever AFB. An Actus Lend Lease affiliate will be the managing partner responsible for the $342 million effort that will renovate 579 existing homes and construct 977 new homes within the six-year development period. Under housing privatization, the Air Force provides a 50-year lease of the property and conveys the existing infrastructure to a private developer. The developer then maintains, renovates and/or constructs communities where military families can choose to live. "Through this project we are able to provide better homes to our military families at a much quicker pace than traditional military construction would allow and at a much lower up-front cost," said Air Force Space Command's Command Chief Master Sgt. Michael T. Sullivan. Military families will enjoy more amenities than typically provided in military family housing. Affordability is preserved as rent will be based on the military member's housing allowance, according to Terry Seaman, the AFSPC Housing Privatization Program Manager. For information on AFSPC's housing privatization program, contact the 21st Space Wing Public Affairs Office at 556-5185.