Aimed at addressing low-cost housing’s gap in the country, the Family Homes Fund (FHF), has unveiled sample homes, costing N1.4 million and N1.8 million for the one-bedroom and two-bedroom units respectively
The housing prices, Managing Director of FHF, Mr Femi Adewole, said were excluding financing and infrastructure costs.
Introducing the homes, he reasoned that except such initiative is put in place, it would be difficult for low income earners to have decent roof over their heads.
Adewole, who also unveiled housing portal, pointing out that to build a strong economy would require the need to realise the nation’s undoubted potential, adding that such feat would not be done by a lack-lustre attention to the predicament of huge population of low-income group.
“That is why this government rightly and is absolutely committed to the difficult job of lifting this section of our population out of poverty. The mass housing programme – now branded the Social Housing Programme is an important element of that,” he said.
The managing director explained that the experiment towards inclusive housing was embarked on for three reasons namely: “To test out our assumptions about the feasibility of building a home at this threshold cost and see what it will look like; to test acceptability with potential occupiers and you as housing professionals. Drawing on your feedback to adapt and continuously improve. Thirdly, to show that it’s not easy, but it’s possible.”
According to him, the online portal which was launched would do a number of things, saying it would enable government to allocate housing in an open and transparent way.
“Individuals can log on the site to register interest in specific projects. For those who are not able to navigate modern technology, we will collaborate with other partners including mortgage banks and cooperative society to provide assistance.
“Secondly, it provides opportunity for group of young professionals with qualification, skills or experience in building and construction to register interest in participation as SME partners. Typically SME partners will be given the opportunity to build about 20 to 30units of housing initially going on to larger opportunities as they grow. We expect to hire about 6,000 SME delivery partners during the life of the project.
Finally, he said the portal would provide opportunity for local manufacturers of building materials such as doors, windows and iron monger, among others to register interest in participation as bulk suppliers into the project.
“This will help us achieve one of the project objectives of ensuring up to 90 per cent local inputs by 2021. It will have the opportunity to revitalise parts of our manufacturing sector and create more jobs,” Adewole said.
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