Tag Archives: affordable housing

According to NAN, Mrs Winifred Oyo-Ita, Head of Civil Service of the Federation, said that the Federal Integrated Staff Housing Programme (FISH) has recorded over 30,000 potential off–takers in the first quarter of 2017. Oyo-Ita said this at the 2017 FISH Housing Summit tagged: “Innovative Strategies for Affordable Housing”, on Tuesday in Abuja. She said that the programme, which was ...

Nigerian Tribune reports that in the face of a housing deficit that numbers millions of units, Nigeria is working to increase home ownership by improving access to credit and reducing development costs for low-income housing. To address this problem, the FMBN signed a memorandum of understanding (MoU) in January with the Real Estate Developers Association of Nigeria (REDAN) and pan-African ...

“The 30th World Congress of International Union for Housing Finance holding in Washington DC on June 25-27 2017 will discuss opportunities and risks of investing in mortgage debt, including cross-border investments, funding alternatives to international finances capital, and tackling housing affordability challenge. There will be high-level sessions with eminent plenary speakers drawn from different countries including Asia, Africa, America and ...

“As part of efforts of the Lagos state government to bridge the housing gap in the state with its Rent-to-Own initiative through which the state allocates a minimum of 200 housing units to its citizenry on monthly basis, a total of 500 housing units have so far been allocated in an exercise that commenced two and half months ago.”- Vanguard Hundred ...

“Hopes of affordable housing brightened at the weekend as the Minister of Finance, Mrs Kemi Adeosun met with international finance Institutions at the World Bank Spring Meetings to fine-tune arrangements on how Nigerians can enjoy affordable housing.”- The Sun Speaking at a forum, Adeosun said: “Delivering affordable housing is critical to the delivery of our reform agenda and it is ...

“Plans to remove barriers hampering aspiring home owners have been kick-started by the Ogun State Property and Investment Corporation (OPIC), with the launch of the first phase of OPIC’s affordable housing units in New Makun City, Ogun State. The project would deliver 400 houses before the end of the year through technologically based building method under the Nigeria Mortgage Refinancing ...

“Everything wrong with Lagos state government’s recent clearance of the riverside community, Otodo Gbame, can be summarised in one sentence – Nigeria does not know how to build houses cheaply.”- The Guardian There is nothing strange about clearing slums and there are very good reasons to do so. President Truman’s 1949 Housing Act provided $1bn in funding to localities across ...

“Some stakeholders have agreed to pool resources to tackle the housing problem headlong. This is by ensuring  improved access to credit facility and reducing development costs for low-income housing.”- The Nation The Federal Mortgage Bank of Nigeria (FMBN), Real Estate Developers Association of Nigeria (REDAN) and a pan-African finance institution, Shelter Afrique have joined forces to create a $2 billion ...

According to The Guardian, in the face of a housing deficit that numbers millions of units, Nigeria is working to tackle affordable housing shortage by improving access to credit and reducing development costs for low-income housing. Easing mortgage access In March the federal government announced it would waive an initial 10% payment on mortgages below N5m ($15,700) administered by the state-owned ...

The Guardian reports that fresh efforts are underway to seek pragmatic and contemporary solutions to the challenges in the mortgage sub-sector, following plans by the operators to extend loss of job insurance scheme, which will cover mortgage default up to a year. The scheme is already in place and covers up to six months. Mortgage insurance, which is widely used in other countries and is compulsory ...