SHARE THIS:
Rating agency, Agusto & Co. has announced the upgrade of the rating assigned to Family Homes Funds Limited (FHFL) from ‘’A’’ to ‘’A+’’.
The upgrade, according to the pan-African leader in credit ratings, industry research and market intelligence reflects FHFL’s strong financial position and capacity to meet its obligations, especially the delivery of affordable housing for families with the most need for it.
In its report, Agusto & Co. states that the upgrade reflects the strong support Family Homes Funds Limited receives from the Federal Government of Nigeria, which is evident from continued commitment through injection of capital in the form of grants. FHFL’s rating is also upheld by good asset quality, strong capitalization, good liquidity and funding profile and experienced management team.
Reacting, the Managing Director of Family Homes Funds Limited, Abdul Mutallab Mukhtar said, ‘’This upgrade stands as proof of our resilience and strategic abilities, and we are encouraged that our efforts are delivering positive results.
‘’At the heart of our success lies a commitment to changing
lives. Our dedicated team of professionals, robust financial strategies,
prudent risk management standards and our environmental, social, and governance
policies are focused on this objective.
‘’For us, this is not just an upgrade, it is an affirmation of what we stand for. As we bask in this moment, we are energized to continue our journey of growth, excellence, and positive impact, and are powered by an unbounded spirit of innovation.’’
Editor’s Note
Family Homes Funds Limited (FHFL) is a Limited Liability Company with initial shareholding by the Federal Ministry of Finance Incorporated and the Nigeria Sovereign Investment Authority. The company aims to reduce Nigeria’s housing deficit by facilitating the development of affordable homes and advancing innovative paths to home ownership. In the process, the Company strives to spur the development of relevant skills, support the industry, and create jobs.
On Monday, June 2, 2025, Nigeria's affordable housing sector recorded a major advancement with the signing of a collaboration agreement between the Ministry of Finance Incorporated (MOFI), Family Hom...
June 04, 2025
A joint training workshop organized by Family Homes Funds Limited (FHFL) in collaboration with the Mortgage Bankers Association of Nigeria (MBAN) convened a pivotal stakeholders’ session on Wednesd...
May 16, 2025
On April 26, 2025, Family Homes Funds Limited (FHFL) brought joy to Family Homes Estate in Grand Luvu, Nasarawa, with a generous donation of soccer equipment, sparking excitement among residents. Led...
May 03, 2025
On this day, March 20, 2025, a significant milestone was achieved as the Executive Secretary of the Nigeria Police Trust Fund (NPTF), Mohammed Sheidu, accompanied by members of the management team, v...
March 21, 2025
In a recent release from the Statehouse Abuja, Family Homes Funds Limited (FHFL) has been recognized as Nigeria’s leading affordable housing finance agency, trusted to drive transformational change...
February 27, 2025
Family Homes Funds Limited (FHFL) recently visited the Renewed Hope Cities and Estate Project in Janguza, Kano State, a groundbreaking initiative set to deliver homes for at least 3,000 families in p...
February 26, 2025
Family Homes Funds Ltd held a stakeholder session, bringing together Developers, Primary Mortgage Banks, and Commercial Banks. The brainstorming session aimed to discuss challenges and bottlenecks in...
January 23, 2025
As part of its commitment to advancing social housing development in Nigeria, the management of Family Homes Funds Ltd. (FHFL), led by the Managing Director, Abdul Mutallab Mukhtar, conducted an offi...
January 22, 2025
The Cross River State Ministry of Housing, led by Hon. Dr. Mrs. Beatrice Ocheke Igwe, officially handed over five hectares of land to Family Homes Funds Limited (FHFL) to construct 70 two-bedroom hou...
January 09, 2025
Family Homes Funds Limited (FHFL) has been recognised with the prestigious “Mortgage Product of the Year” award at the Africa Housing Awards 2024 for its innovative and impactful Help-to-Own produ...
December 17, 2024
GCR Ratings (GCR) has upgraded Family Homes Funds Limited’s national scale long and short-term issuer ratings to A(NG) and A1(NG) from BBB+(NG) and A2(NG); with the Outlook revised to Stable from Po...
November 06, 2024
Abuja, Nigeria — Family Homes Funds Limited (FHFL) proudly announce the handover of home keys to six new homeowners under its transformative Help to Own (HtO) programme. This milestone marks a sign...
August 30, 2024
