Akwa Ibom State Unveils New Estate Financed by Family Homes Funds Limited

May 27, 2024

Family Homes Funds Limited, a leading housing finance company dedicated to providing affordable housing for low-income families, is proud to announce the commissioning of its latest funded housing estate in Akwa Ibom State. The estate named Grace Estate, was officially commissioned on May 25 by His Excellency, the Governor of Akwa Ibom State, Pastor Umo Eno, in a ceremony that marked a significant milestone in the state’s commitment to affordable homeownership and economic development.

This new estate, financed by Family Homes Funds Limited, is a testament to our commitment to addressing the housing deficit in Nigeria. The commissioning is for the first phase comprising 236 homes, providing much-needed housing and a strong foundation for a brighter future for families in the state.

In his keynote address, the Governor of Akwa Ibom State, Pastor Umo Eno highlighted the importance of the project in enhancing the welfare of the state’s residents. He also announced that 150 housing units would be allocated to civil servants through a raffle draw, ensuring that the hardworking workforce of the state benefits directly from the affordable housing project.

Speaking about the project, the Managing Director of Family Homes Funds Limited, Mr. Abdul Mutallab Mukhtar said: "We are immensely proud of what we have achieved here in partnership with the Akwa Ibom State Government. This estate is a testament to our commitment to providing affordable housing and creating economic opportunities. We look forward to continuing our work to improve the living conditions of low-income families across Nigeria."

The Managing Director stated further that in addition to providing affordable housing, the project has had a substantial economic impact on the local community. The construction and development of the estate have created over 1,000 direct and indirect jobs, contributing significantly to local employment and economic growth. From construction workers and suppliers to service providers, the project has stimulated economic activity and provided livelihoods for many individuals and families.

The project is a model of sustainable development, ensuring that the benefits are felt far and wide within the community. By sourcing materials locally and engaging local contractors, the project not only managed costs effectively but also supported local industries and fostered sustainable development.

Located in the heart of Uyo, the estate features 236 units (phase 1) of two-bedroom, semi-detached expandable bungalows. The development includes well-paved internal roads, efficient drainage systems, reliable electricity and water supply, robust security measures, and a children's playground.

As we celebrate this milestone, Family Homes Funds Limited remains dedicated to expanding its efforts in providing affordable housing and creating economic opportunities across Nigeria. The strong belief at FHFL is that every family deserves a place to call home and a chance to thrive.

About Family Homes Funds Limited
Family Homes Funds Limited is a leading housing finance company focused on providing affordable housing solutions for low-income families in Nigeria. Through strategic partnerships and innovative financing, Family Homes Funds Limited aims to address the housing deficit and promote economic development across the country.