SHARE THIS:
Abuja, Nigeria – Recently, a significant meeting was held between Family Homes Funds Limited (FHFL) and the African Development Bank (AfDB) on the Help to Own (HTO) program that will increase home ownership opportunity for thousands of low to middle income families across Nigeria.
Conversations in the meeting focused on topical elements of the partnership including the drawdown modalities for the approved funding from AfDB for the program. The HTO Fund is a pioneering Home Loans Assistance program designed to address housing needs from the demand side for the benefit of everyday Nigerians.
The FHFL delegation, led by Managing Director, Mr. Abdul Mutallab Mukhtar, was received by the Director General of the AfDB, Nigeria Country Department, Mr. Lamin Barrow at the Nigeria office. Both parties expressed enthusiasm about the potential impact of the Help to Own program in providing affordable housing solutions and supporting socio-economic development in Nigeria. The Help to Own (HTO) Fund is a transformative Home Loans Assistance program targeting Nigerians on low to middle income. It offers a unique opportunity for eligible beneficiaries to access a low-cost, deferred equity loan, covering up to 40% of the cost of their home. By providing this assistance, the burden of mortgage repayment on qualified individuals will be reduced by 50%, making homeownership more attainable.
This collaboration highlights the importance of strategic partnerships in driving socio-economic development and creating a positive impact on individuals and communities across the nation.
As of today, Family Homes Funds Limited (FHFL) has facilitated the provision of over 14,000 affordable homes across Nigeria through partnerships with state governments and private developers. The Help to Own program will further increase the affordability of these homes for families and individuals with modest income with life-long dream of homeownership. This holistic approach to addressing the housing crisis demonstrates FHFL's dedication to making affordable housing accessible to all.
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
