The Real Estate Development Association of Nigeria (REDAN) is set to build 3,000 low-cost housing units in Osun State.
This developmental project was agreed upon and made public when the Chairman of REDAN the state, Chief Victor Eniola Mark, met with the state Commissioner for Lands, Hon Nathaniel Agunbiade, at his office in Osogbo, the state capital on Thursday.
Mark noted that the project, RUHI-774 which is an initiative of the national body of REDAN will be carried out in partnership with Family Home Funds Ltd and the Federal Mortgage Bank.
He further urged the government to make land available for the laudable project at affordable prices, adding that its success hinges on the support of the state governments
Mark said: “One of the things REDAN is doing is called the RUHI-774 project. This project is a low-cost housing project to be built across the 774 local government of the federation which we know cannot be achieved without the support of the state governments. Yes at the national level we already have 30 off-takers for the housing unit for each of the local governments in their states and across the country.
“More importantly, we need land upon which these houses will be built just as we all know that this will solve the huge issue of the housing deficit that we currently face as a country.
“So, to actualise the laudable project is why we have come to meet with the stakeholders, first the government and later the traditional rulers all just to achieve success. We are, however, appealing that government should make these lands affordable because if these lands are not affordable the said houses too will be on the high side and that is what we are guarding against.”
The commissioner expressed the government’s readiness towards the success of the project in the state.
Agunbiade noted that the government has also just concluded plans to ensure that title documents such as C of O are made available within 40 days after application while other post title transactions will be ready within five days.
He noted that creating affordable housing remains a topmost priority for the government, assuring that the government will continue to create enabling environment for partnerships that will make it a reality.
The commissioner said: “Before now, the government has had cause to acquire land for overriding public interest and you will see that even when you have the C of O for a building that falls within such needed land, you will be paid compensation.
“So, whatever area you want to partner with us, we will look into your request and we will grind out locations where affordable housing will be built.
“What government will be contributing will be the cost of the land but in anyways our door is widely open for investors who are willing to partner with us.”
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