FMBN, FHA partner to deliver affordable homes in 22 states

The Federal Mortgage Bank of Nigeria (FMBN) and the Federal Housing Authority (FHA) say it is partnering to deliver affordable housing houses to Nigerians in 22 states under the Renewed Hope Estates Projects of the federal government. Speaking during a courtesy visit by the management of FHA to the headquarters of the Federal Mortgage Bank, […]

The Federal Mortgage Bank of Nigeria (FMBN) and the Federal Housing Authority (FHA) say it is partnering to deliver affordable housing houses to Nigerians in 22 states under the Renewed Hope Estates Projects of the federal government.

Speaking during a courtesy visit by the management of FHA to the headquarters of the Federal Mortgage Bank, the Managing Director of FHA, Oyetunde Ojo, noted that the visit was to synergise and seek ways of partnership to ensure that the estates are not only completed but also allocated to beneficiaries.

“Already, we have been in 22 states of the federation. In most states, they gave land for free and they have given us an off-takers guarantee and we are here to synergise so we can come together to be partners in progress in delivering affordable houses under the Renewed Hope housing projects.

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“We’re making sure that our books are open which is why we have digitised our processes. So far, we have received 50 hectares, 100 hectares and 150 hectares from different states of the Federation. Also, we in FHA have decided to build carcass or semi-finished houses. So, once we are done, the off-takers will do the finishing which will be in the range of 1 bedroom and 2 bedrooms,” Ojo explained.

In his response, the Managing Director of FMBN said the bank was racing against time to ensure housing estates it initiated across states are completed and allocated.