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Tag Archives: affordable housing

‘Costs of building material, retail financing, others, truncate affordable housing in Nigeria’

affordable housing

Experts in the real estate sector have listed reasons why affordable housing has remained elusive in the country despite efforts from both the public and private sectors. This has become a major concern for the stakeholders in the housing sector as the same factors continue to truncate mass housing drive in the country. According to the managing director UACN Property ...

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Kamloops, Canada: Province team up for affordable housing

Four years after they were first tapped for affordable housing, three City of Kamloops properties are today closer to hosting low-income residents. The city and provincial government announced on Tuesday they have reached an agreement to put up to 98 units of affordable housing at 1685 and 1940 Pacific Way in Aberdeen and 1050 McMurdo Drive in South Kamloops. The ...

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Makoko: Back under the radar

With a population of about 21 million people, the second fastest growing city in Africa, yet Lagos happens to be the smallest city in Nigeria with a vast area of wetlands. The implication of this is that, a fraction of the population stay on water or along it, while others who are not entirely human may prefer to dwell in ...

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Mortgage bank in partnership to meet housing needs of Nigerians

Restructure mortgage system, Prof. Nubi Urges FG

Just Shelter & Allied Products Limited has developed 14 blocks with six three-bedroom flats in each block at David’s Court Estate Arepo, Ogun State. In an effort to meet the housing needs of Nigerians through mortgage creation, Resort Savings and Loans Plc., a mortgage bank with headquarters in Lagos begins a business collaboration with Just Shelter & Allied Products Limited ...

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Tanzania: CBA partners real estate firm for housing loans

CBA Bank Tanzania has inked an agreement with Chinese real estate developers, Avic International Real Estate to provide loans at affordable interest rates for buying houses. Speaking after signing the agreement in Dar es Salaam at the weekend, the CBA Executive Director, Mr. Julius Mcharo, said the deal provided the opportunity for Tanzanians to own high quality houses built by ...

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Plastic bottle house turning trash into affordable housing

In the United States alone, more than 125 million plastic bottles are discarded each day, 80 percent of which end up in a landfill. This waste could potentially be diverted and used to construct nearly 10,000, 1200-square-foot homes (taking in consideration it takes an average of 14,000 plastic bottles to build a home that size). Many believe this process could be ...

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AFFORDABLE HOUSING: Is it the basic right of every Lagosian? (Part 1)

affordable housing

Lasgidi, city of hustlers where everyone seems to be sprinting on an imaginary track yet there are no spectators or even track officials.  In Lagos, it is the survival of the fittest, if you don’t fit in, you will end up in a fix. One of the most back-breaking means of survival is finding affordable housing with good living conditions though ...

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FG signs MoU with BASAP to create 15,000 affordable housing units

Solving The Problem Of Affordable Housing In Nigeria

Improving on efforts to deliver more affordable housing units and reducing the housing deficit in the country, the Federal Government of Nigeria has taken a giant step by collaborating with an estate development agency. The Federal Government of Nigeria and BASAP Ventures International Limited/ JS Neoplans & Artemis Angel Global Limited on Tuesday signed a Memorandum of Understanding for the ...

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Ministry of Housing says it has reduced housing deficit

The Federal Ministry of Lands, Housing and Urban Development has said it has reduced housing deficit, improved quality of houses and increased affordability of houses in Nigeria. According to an interview with Daily Trust last week, the Minister of Lands, Housing and Urban Development, Mrs Akon Eyakenyi pointed out that in the last four years, the ministry has provided 61,000 ...

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FG woos investors with waivers on affordable housing.

Apparently worried by the high cost of housing delivery in Nigeria, the Federal Government has begun to woo key players and stakeholders in the public and private sectors of the economy with concessions and waivers that would enable them provide affordable housing to millions of homeless Nigerians. Indications to this effect emerged last week at one-day pre- summit for the ...

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