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AFFORDABLE HOUSING

Since its establishment in 2018, AyHomes has been dedicated to delivering top-tier real estate opportunities for clients both in Nigeria and abroad.
The Federal Government has announced plans to launch a mortgage finance facility aimed at constructing 25,000 affordable housing units nationwide.
The Federal Government has issued a stern warning to contractors of the various housing projects under the Renewed Hope Housing Estates and Cities initiative nationwide about Economic and Financial Crimes Commission (EFCC) action on substandard work and abandoning projects.
As a citizen, the news that the Federal Government has approved the release of N126.5 billion for the provision of 100,000 houses across the nation in 18 months fills one with a mix of hope and cautious optimism.
The Lagos State Government and the Federal Housing Authority (FHA) have assured of its determination to synergize and collaborate to provide affordable housing for Lagos residents and Nigerians in the diaspora.
Middle to small scale players in the real estate sector should band together to be able to enjoy economies of scale and achieve lower cost housing.
Governor Abdullahi Sule of Nasarawa State and Governor Babagana Zulum of Borno State have committed to providing land in their respective states for the Federal Government's Renewed Hope Cities and Estates programme, aiming to ensure their citizens are early beneficiaries of this affordable housing initiative.
President Bola Tinubu has declared that his administration will provide decent and affordable housing to the populace as part of his renewed hope agenda for the country.
The Ministry of Housing and Urban Development has unveiled plans to introduce an affordable housing project called cross-subsidy housing.
Lagos has announced that it will intensify its partnership with the private sector to provide more affordable houses to Lagosians.
The modalities of the funding option are still being figured out, as the CBN work with deposit money banks to identify potential/eligible off-takers.
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