Asaba Project: Fact Sheet

June 20, 2023


The Family Homes Funds Asaba Estate is located at Issele-Azagba/ Otulu road, a bustling highway with proximity to the Asaba Airport and quick access into Asaba town. The estate is developed to accomodate 650 units comprising one and two bedroom semi-detached terrace bungalows. The estate comes with water and electricity facilities fully provided and was constructed in line with sustainaible development goals objectives with green parks and public spaces, shops, worship areas and recreational areas included.




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Family Homes Funds Limited at the 43rd AGM of Shelter Afrique

HFL is thrilled to be a part of the 43rd Annual General Meeting of Shelter Afrique, (June 11 – 13, 2024) focusing on "Sustainable Partnerships in the Affordable Housing Finance Value Chain." This ev...

June 14, 2024

Family Homes Funds Limited Partners with Greater TAF City to Provide Help-to-Own Mortgages for New Homes

Family Homes Funds Limited (FHFL) is pleased to announce a strategic partnership with TAF Africa Global Limited (TAG), to provide affordable mortgages for the new homes being constructed by the devel...

June 10, 2024

Family Homes Funds Limited Commemorates World Environment Day

Family Homes Funds Limited joins the global community in celebrating the 2024 World Environment Day, with its important theme "Land Restoration, Desertification, and Drought Resilience", with the slo...

June 05, 2024

Akwa Ibom State Unveils New Estate Financed by Family Homes Funds Limited

Family Homes Funds Limited, a leading housing finance company dedicated to providing affordable housing for low-income families, is proud to announce the commissioning of its latest funded housing es...

May 27, 2024

FG Unveils Portal for Renewed Hope Housing Scheme Financed by Family Homes Funds Limited

The Federal Government (FG) of Nigeria has launched an online portal designed to streamline the process of purchasing homes under the Renewed Hope Cities and Estates Scheme. The Renewed Hope Cities a...

May 24, 2024

Family Homes Funds Limited Partners with Federal Government on Renewed Hope Housing Project

Family Homes Funds Limited (FHFL) is proud to announce its latest investment in the Federal Government's Renewed Hope Cities and Estate Project, marking a significant milestone in the provision of aff...

May 22, 2024

FG Breaks Ground on Students Housing Programme Financed by Family Homes Funds Limited

The Federal Government (FG) of Nigeria has officially performed the groundbreaking ceremony for a National Students Housing Programme, marking a significant milestone in addressing the housing needs ...

May 15, 2024

Family Homes Funds Limited Part of Renewed Hope Cities and Estate Project Implementation Committee

The Federal Government of Nigeria has inaugurated the Renewed Hope Cities and Estate Project Implementation Committee, a pivotal step towards addressing Nigeria's housing challenges and fostering nat...

May 09, 2024

Sustainable Housing: Championing the Cause for a Better World

The global challenges of climate change, resource depletion, and rapid urbanization have brought sustainable housing solutions to the forefront. What was once a niche and trendy concept is now a driv...

March 14, 2024

How Sustainable Materials are Shaping Innovative Homes

The way homes are built has a significant impact on both the environment and our well-being. The rise of sustainable materials offers a chance for a better future by embracing eco-friendly practices ...

February 27, 2024

FHFL Presentation at MOFI’s Inaugural Public Wealth Management Conference

FHFL Presentation at MOFI’s Inaugural Public Wealth Management Conference Family Homes Funds Limited (FHFL) took the stage at the just concluded conference on Public Wealth Management organised by ...

February 22, 2024

Young Artisans Benefit from Family Homes Funds’ Skills Acquisition Programme

Family Homes Funds Limited (FHFL) has successfully executed a community engagement initiative in a project community in Kaduna State, where the Gidan Iyali housing project is situated. For 5 days, ov...

February 13, 2024

Building Hope: Sustainable Housing Solutions from COP28

The 28th United Nations Conference of the Parties (COP28) in Dubai discussed critical matters related to the provision of sustainable housing. With urbanization contributing significantly to global c...

January 29, 2024

GCR Affirms FHFL’s BBB+ Ratings, Upgrades Outlook from Stable to Positive

The Family Homes Funds Limited’s (FHFL) national scale long and short-term issuer ratings of BBB+(NG)/A2(NG) has been affirmed by GCR, with the outlook revised from Stable to Positive. According to...

October 24, 2023

Mainstreaming Environmental, Social and Governance in Family Homes Funds Limited

Drawing Inspiration from our MandateExecuting developmental projects are increasingly becoming complex because of the unintended negative externalities associated with them and the far-reaching impact...

September 12, 2023

Agusto & Co. Upgrades FHFL’s Rating to ‘’A+’’ with Stable Outlook

Rating agency, Agusto & Co. has announced the upgrade of the rating assigned to Family Homes Funds Limited (FHFL) from ‘’A’’ to ‘’A+’’.The upgrade, according to the pan-African leader ...

August 28, 2023

2023 HR Week: Igniting Change and Accountability

Family Homes Funds Limited (FHFL) has held the 2023 edition of the Human Resources (HR) Week featuring transformative team building activities. With diverse backgrounds and talents, the team embarked...

August 14, 2023

FHFL wins "Affordable Housing Company of the Year" at AIHS 2023

The 17th Africa International Housing Show - a week long conference and exhibition for stakeholders in the housing sector was concluded at an important dinner on Thursday where Family Homes Funds Lim...

July 27, 2023

Help to Own: FHFL meets AfDB Towards Commencement of Home Mortgage Program for Low-income Families

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 o...

June 20, 2023

FHFL Performs Groundbreaking for 600 Homes in Gombe State for Low-income Families

Family Homes Funds Limited (FHFL) – Nigeria’s largest supporter of affordable housing, and Gombe State Government have closed on financing and commenced construction of a new project delivering 6...

May 10, 2023

FAMILY HOMES FUNDS LIMITED WINS IFN DEAL OF THE YEAR

Family Homes Funds Limited is one of the winners of the IFN deals of the year – the global Islamic finance and banking industry’s most prestigious honours.FHFL’s series II N20bn Corporate Suku...

March 24, 2023

PRESIDENT BUHARI COMMISSIONS FAMILY HOMES ESTATE IN KANO FOR 469 LOW-INCOME FAMILIES

President Muhammadu Buhari has officially commissioned the Family Homes Estate in Darmanawa, Kano state for low-income families.  The ceremony which took place on Monday 30th January 2023 marks a ne...

March 24, 2023

FAMILY HOMES FUNDS IS THE AFFORDABLE HOUSING COMPANY OF THE YEAR AT AFRICA HOUSING AWARDS

Abuja, Nigeria – Family Homes Funds Limited (FHFL) has been named the Affordable Housing Company of the Year at the 2022 Africa Housing Awards (AHA).The awards ceremony which took place on Thursday...

March 24, 2023

Kano state, Family Homes Funds handover 500 new homes to civil servants

Five hundred new homes financed by Family Homes Funds Limited (FHFL) in partnership with the Kano state government have been presented to the beneficiaries in Kano state. The official presentation of...

December 12, 2022

AHCN Delegation Pays courtesy call to Family Homes Funds

On Thursday, December 1, 2022, a delegation from the Association of Housing Corporations of Nigeria led by the President, Victor Onukwugha paid a courtesy call to the Family Homes Funds Limited (FHFL...

December 02, 2022

AHCN names Family Homes Funds the Affordable Housing Company of the Year

The Association of Housing Corporations of Nigeria (AHCN) has awarded Family Homes Funds Limited (FHFL) the Affordable Housing Finance Company of the Year. The award was presented to FHFL at the just...

November 06, 2022

FHFL retains strong GCR Rating BBB+/A2 with stable outlook

FHFL has successfully retained its strong GCR Rating BBB+/A2 — for a further one year with stable outlook. Recall that FHFL was upgraded by Agusto & Co. to an ‘A’ rating valid until 30 June 202...

November 04, 2022

Press Statement

Abuja, Nigeria. October 21, 2022 – The Board of Directors of the Family Homes Funds Limited (FHFL) announces the retirement of Mr. Femi Adewole from the position of Managing Director of FHFL upon t...

October 21, 2022

FHFL holds Annual General Meeting, Declares Strong Performance

Abuja, Nigeria – The Shareholders of Family Homes Funds Limited (FHFL) have approved the 2021 audited financials of the social housing institution. The Company’s Annual General Meeting (AGM) even...

October 20, 2022

FHFL Experience with Delivering Affordable Housing in Nigeria

According to a 2021 study by the World Bank, Nigerian cities are now home to about 53% of the population, approximately 110 million people. By 2050, this number, according to the UN Population Migrat...

October 07, 2022

FHFL Hold Round Table for Developers in Lagos

An impactful engagement with housing stakeholders in Lagos. FHFL continues to engage with the experience and expertise of stakeholders in the sector as it works collaboratively to address poverty and...

September 16, 2022

Agusto & Co Upgrades FHFL’s Credit Rating to ‘’A’’ with Stable Outlook

Agusto & Co has upgraded its credit rating of the Family Homes Funds Limited (FHFL) from ‘’BBB’’ to ‘’A’’ The pan-African leader in credit ratings and credit reports has announced tha...

August 26, 2022

JOB VACANCY AT FHFL – Environmental & Social Governance Officer- 0008

Family Homes Funds Ltd. (FHFL) is a limited liability company with the Federal Ministry of Finance and the Nigerian Sovereign Investment Authority as founding shareholders. FHFL will be the largest a...

July 22, 2022

FHFL, AFD Complete Feasibility Study Ahead of Student Housing Projects Across Nigeria

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 initi...

June 18, 2022

JOB VACANCIES AT FAMILY HOMES FUNDS LIMITED – Data Associate – 0001

Family Homes Funds Ltd. (FHFL) is a limited liability company with the Federal Ministry of Finance and the Nigerian Sovereign Investment Authority as founding shareholders. FHFL will be the largest a...

April 29, 2022

FHFL commits over N19.9bn to provide 2,754 homes for low-income families in 6 states

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 fa...

April 08, 2022

FHFL’s latest investment of N4bn to provide 620 homes for low-income families in Kebbi

Family Homes Funds Limited (FHFL) has announced an investment of N3.9bn (approximately N4bn) in Kebbi state (Northwest Nigeria) to kick-off the development of 620 homes for low-income families. The a...

January 26, 2022