Family Homes Funds Limited (FHFL) has announced an investment of over N19.9 billion across six states in Nigeria for the development of 2,754 homes for low income families.
According to Managing director of FHFL, Mr Femi Adewole, the programme was being implemented under the National Mass Housing Programme.
He added that all the homes, upon completion, would be sold to the low-income beneficiaries, including civil servants and other members of the public with repayment period of up to 15 years with monthly repayments from N25,000.
In a statement, FHFL said the project was in partnership with the respective state governments, private developers and the Adashe Women Housing Society in Kaduna.
The statement reads in part: “The 2,754 homes which are spread across the states of Akwa Ibom (650 units); Enugu (250 units); Kebbi (620 units); Zamfara (600 units); Kano (500 units) and Kaduna (134 units) will enable thousands of low-income families to own their own homes.”
It further said construction had begun with a completion schedule of April 2023 for the two and three-bedroom semi-detached homes, while creating 11,016 jobs.
