FG inaugurates National Housing Fund loan scheme’s first estate in Lagos
The Federal Government has launched its first estate under the National Housing Fund (NHF) Loan Scheme in Lagos and handed over keys to the beneficiaries of the programme.
This was disclosed by Sen. Gbenga Ashafa, Managing Director, Federal Housing Authority (FHA), during the inauguration of the Silvercrest Oakwood Estate in Lekki, on Friday.
Sen. Ashafa disclosed that the estate contains 38 units of 3-4 bedroom apartments and would be the first of its kind in Lagos under the Housing scheme.
The MD Federal Housing Authority urged income-earning Nigerians to make six months contributions to the National Housing Fund (NHF) to qualify for a mortgage as large as N15 million with just a 6% interest rate.
“The problem is that a lot of people do not know that this kind of interest rate exists, you can only get it in Europe,” he said.
“My advice to Lagos residents is that you don’t have to have that money in bulk, look for your primary institution like the foremost primary institution on housing, FHA Mortgage Bank.
“They will listen to you, they will profile you and they will assist you. They can give you as much as N15 million after looking at your profile and assessing you as an individual who is working to ascertain you have a sustainable income,’’ he said.
Managing Director, FHA Mortgage Bank, Mr Hayatuddeen Awwal, announced that the estate is the 4th estate the fund has supported since the start of the year so far.
“We have done 44 houses in Kano, through an estate fully funded by Federal Mortgage Bank of Nigeria(FMBN). We have done 27 houses in Katsina District of Abuja; we have done 40 in Kuje District of Abuja and here we are in Lagos, handing over keys to seven beneficiaries of the National Housing Funds,” Awwal said.
Gentechnews gathered that the newly launched estate is part of a scheme launched by the Federal Government to construct 300,000 homes across Nigeria for low-income earners under its National Social Housing Programme (NSHP).
