Registered in 2017 and commencing operations in 2018, the Family Homes Funds is Sub-Saharan Africa’s largest housing fund focused on affordable homes for Nigerians on low income. The organization is a social housing initiative promoted by the Federal Government of Nigeria as part of its Social Intervention Programme with initial shareholding by the Federal Ministry of Finance and the Nigeria Sovereign Investment Authority.
The company's mission is to address the housing deficit in Nigeria and make homeownership a reality for low-income families. Over the next 4 years, the company aims to invest up to N1.3trn (US$3bn) in the development of 500,000 homes for people on low income. In addition to providing affordable housing, the company also aims to create up to 1,500,000 jobs, through its various initiatives and projects. The company’s innovative products and creative financing options will enable homeownership for low-income individuals and families who would otherwise be unable to afford it.
The company is committed to promoting sustainable development and is aligned with the New Urban Agenda and the Global Goals. The also company partners with various stakeholders including Developers, Industry Leaders, and Development Finance Institutions to meet its strategic objectives of providing affordable housing and creating jobs for Nigerians.
Our mission is to provide affordable homes and create jobs, through innovative solutions, leveraging our skilled workforce, strategic partnerships, and technology.
The vision of the Family Homes Funds Limited (FHFL) is to be a leading social housing intervention institution in Africa.
Transparent processes and conduct in dealings with internal and external stakeholders.
Always doing the right thing and adhering to consistent standards and procedures in all areas of conducting business.
Encouraging creativity and idea generation; having a willingness to try new things and push the boundaries of the norm.
Maximizing value for stakeholders (including shareholders, customers, employees, suppliers, strategic partners, and host communities) and ensuring that business is done in their best interests.
Ensuring all customers are treated with respect and the highest level of service delivery.
Ensuring business operations are environmentally friendly and guided by sustainability principles.