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

June 21, 2023

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 states of Akwa Ibom (650 units); Enugu (250 units); Kebbi (620 units); Zamfara (600 units); Kano (500 units); and Kaduna (134 units) will enable thousands of low-income families own their own homes.

The construction process, which has started and scheduled for completion by April 2023 will provide a range of housing types, especially 2 and 3 bed semidetached homes.

In addition to the homes, the investment will create at least 11,016 jobs (professional, skilled, and unskilled workers). Further impact on local economies is expected due to a requirement for the projects to prioritize the use of local materials.

Developed with a full range of infrastructure including health care centers, schools, markets, and recreation areas, the programme is creating homes for civil servants, artisans, traders, cooperatives, and local people on low-income. The investment in Kaduna is a partnership with the Adashe Women Housing Society – to provide 134 new homes for women on very low-income including widows, market women etc. as part of a wider commitment to promoting access to housing for disadvantaged groups.

Speaking on the Investment, the Managing Director of Family Homes Funds, Mr. Femi Adewole said:

‘’This programme is being implemented under the National Mass Housing Programme, an initiative of the administration of His Excellency President Muhammadu Buhari as part of the administration’s commitment to improving the quality of life of Nigerians on low income and creating much needed jobs for local people. We are delighted to be collaborating with State Governments and private developers to help 2,754 families own their homes at a price they can afford. We continue seek partnership with other State Governments to ensure equitable spread of the programme.