Family Homes Funds Limited through Family Homes Sukuk Issuance Program Plc – has successfully completed the issuance of N10,000,000,000 7 Year 13% Series 1 Ijara Lease Sukuk due 2028 (“Series I Sukuk”) under the N30,000,000,000 Sukuk Issuance Programme. The Series I Sukuk is the first-ever SEC registered corporate Sukuk to be issued in Nigeria. It…
Hundreds of families in Borno State are set for a new and happier life as Nigeria’s leading social housing finance Institution, Family Homes Funds Limited (FHFL) completes 700 new homes for low-income earners in partnership with the State Government. Chibok and Yana Yaskuri, both important towns in Borno state have been in the news for…
Nigeria’s largest social housing fund, Family Homes Funds Limited (FHFL), the Federal Mortgage Bank of Nigeria (FMBN) and Nasarawa state government have agreed on a partnership that will enable them to – among other things – deliver affordable homes for low-income earners in Nasarawa state and create jobs for workers. It is the intention of…
Last month marked the second work anniversary for Israel Bulus at Family Homes Funds Limited (FHFL) project site in Kaduna state. The past two years have been a rewarding experience; challenging and fulfilling at the same time for the civil engineer. Since 2019, Israel, among thousands of others, has been working to help achieve Family…
Sitting on a pile of concrete slabs, and sipping from a bottle of water, Jibril is very excited to finally take off his safety helmet and talk about the opportunity of earning a decent living after about a year without work. A graduate of engineering, Jibril is one of the thousands employed on Family Homes…
One of the most pressing needs in Nigeria is housing. We have, in recent times, borne witness to the rise of informal settlements in unsafe environments and a rapidly increasing rate of homelessness. For most average families – surviving on a meagre income – the dream of owning their own homes seem a distant and…
As the National Social Housing Programme (NSHP) that plans to build 300,000 houses affordable houses for low-income earners across the country continues to gain momentum, more states are signing up for the programme. The latest is Enugu state which has provided up to 60 hectares of land in Agbamere Eha-Alumona for the programme. The National…
Ebonyi state has become the latest state to show interest in the National Social Housing Programme (NSHP) that plans to build 300,000 affordable houses for low-income earners across the country. At least 10 hectares have been provided by the state in Umuobuna, Uburu, Ohaozara local government area and zone 12, centenary city, Abakaliki for this…
The first phase of the development of 2,500 housing units in Bauchi state by Family Homes Funds will be ready for occupiers in May 2021. Project reports confirm that 1,220 units of the total 2,500 units across sites in Dungal, Misau and Azare in Bauchi are currently at about 80 percent, while landscaping and infrastructure…
In a bid to extend its affordable social housing program across Nigeria, Family Homes Fund Limited has revealed that it is already in partnership with cooperatives in Nigeria to provide affordable housing to Nigerians through the National social housing programme of the Federal Government. The social housing program is about providing homes for people on…