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The Family Homes Funds is a social housing initiative promoted by the Federal Government of Nigeria as part of its Social Intervention Programme. The Company is a Limited Liability Company with initial shareholding by the Federal Ministry of Finance and the Nigeria Sovereign Investment Authority. The company aims to invest up to N1.3trn in promoting the development of 500,000 homes for people on low income. In the process, the Company also aims to create up to 1,500,000 jobs.
The Agence Française de Développement has been active in Nigeria for 14 years now, providing financing solutions for the development of a competitive economy that creates jobs, wealth, inclusive and resilient development.
Editor’s note
Family Homes Funds Limited (FHFL) and Agence Française de Développement (AfD) also known as the French Development Agency have completed a feasibility study on students’ accommodation across universities in Nigeria.
The feasibility study forms the initial phase of a partnership
between FHFL and AFD to implement a substantial programme of
Purpose-Built Students Accommodation in selected Universities across
Nigeria. The study was carried out through a consortium led by Mineral
Springs Inc. and the core objective is to accurately access needs and
collect data required to develop a sustainable financing structure for
University Student Accommodation in Nigeria.
Following the study, both Institutions now expect to proceed to the next phase including an initial investment of up to N30bn in a programme of high-quality student accommodation.
According to the Managing Director, Family Homes Funds, Mr Femi Adewole: “… with students’ enrollment in excess of 2 million, the huge shortage of decent and affordable housing for university students is often missing in discussions about affordable housing. Through partnership with the AfD and hopefully others, The Family Homes Funds is committed to working with our Universities and the Private Sector to promote a significant increase in the supply of housing for Nigerian students, particularly those from low-income families.
Our vision is for new students’ housing that provides a modern, high-quality living environment for the Nigerian student through deep deployment of technology and communications, innovative energy solutions and leveraging on standardization to enhance affordability. We need to provide our young people with living environments that enable them to compete in a global community and are thankful for the support from the AfD towards achieving this.”
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
