Nigeria’s largest social housing fund, Family Homes Funds Limited (FHFL) is announcing an investment of over N19.9bn across 6 states in Nigeria, for the development of 2,754 homes for low-income families, in partnership with the respective state governments, private developers, and a Women Housing Society in Kaduna. The 2,754 homes which are spread across the…
As Nigeria and many African countries contend with a severe housing shortage, the Managing Director of Family Homes Funds Limited (FHFL), Femi Adewole has recommended more window of opportunities that will ease homeownership for most people on low-income. Speaking at the September Coffee Session (Q&A with Mr Femi Adewole) organized by the African Union for…
FHFL Board approves financing for 4,201 homes for the first phase Construction work begins in September in seven states The Board of the Family Homes Funds has approved financing for about 4,201 homes in Kano, Osun, Katsina, Enugu, Plateau, Abia and Kebbi states under the National Social Housing Programme (NSHP). The construction work on the…
1,000 homes financed by FHFL now commissioned in the state for low-income earners, IDPs Previously displaced persons and low-income earners in Ngamdu town in Kaga Local Government Area of Borno state have joined a fast-growing number of families in the state with access to decent homes of their own. The 300 housing units of semi-detached…
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…