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Family Homes Funds partnered with the Delta State Government to commission the affordable housing project in what was recognised as a win for affordable housing in Nigeria. The Family Homes Funds Estate, located at Issele-Azagba, Benin-Asaba Expressway, comprises 650 units of affordable homes, built to improve the quality of life for low-income families. The estate was commissioned by the Vice President of Nigeria, Professor Yemi Osinbajo, SAN, GCON under whose office the Family Homes Funds was conceived. He was alongside the Governor of Delta State; Senator Dr Ifeanyi Okowa, who played a significant role in to delivery of the project by providing access to land. In commissioning this project, the Governor has also pledged an additional 50 hectares which can provide up to 1000 units of good quality homes for low-income families.
In addition to making the homes affordable, the Family Homes Funds also
launched the Help-To-Own mortgage product which will reduce the barrier
to access mortgage for these families. While many homebuyers have
already keyed into the scheme, some are already benefiting from the
Help-To-Own product. The affordable housing project consists of one,
two- and three-bedroom bungalows with all necessary facilities for home
functionality. The estate has adequate access to water supply, power,
security and good road network. “the estate is built in a fast
developing and serene area with a lot of greenery. It represents the
fund’s vision to not only build houses, but to build ones that are
healthy to live in and affordable for the owners.”- Mr Femi Adewole (MD,
Family Homes Funds)
GCR Ratings (GCR) has upgraded Family Homes Funds Limited’s national scale long and short-term issuer ratings to A(NG) and A1(NG) from BBB+(NG) and A2(NG); with the Outlook revised to Stable from Po...
November 06, 2024
Abuja, Nigeria — Family Homes Funds Limited (FHFL) proudly announce the handover of home keys to six new homeowners under its transformative Help to Own (HtO) programme. This milestone marks a sign...
August 30, 2024
Rating agency, Agusto & Co. has announced the upgrade of the rating assigned to Family Homes Funds Limited (FHFL) from ‘’A+’ to ‘’Aa-’’.The upgrade, according to the pan-African leader i...
August 21, 2024
We are deeply honoured to receive the Excellence in Housing Finance Award at the 2024 Africa International Housing Show.This recognition highlights FHFL's significant impact in housing development in...
August 05, 2024
Abuja, Nigeria –– Family Homes Funds Limited (FHFL) is pleased to announce the official inauguration of its Board of Directors by the Honourable Minister of Finance and Coordinating Minister of t...
July 23, 2024
FHFL 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 e...
June 14, 2024
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 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
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
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 (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
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
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
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
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 Family Homes Funds Limited (FHFL) took the stage at the just concluded conference on Public Wealth Management organised by ...
February 22, 2024
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
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
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
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
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
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
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
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
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 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 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
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
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
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
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 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
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
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
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
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 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
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
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
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
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
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
The Family Homes Funds Limited (FHFL) has been awarded for the Housing Intervention Program of the Year at the 2021 Africa Housing Awards. The award which took place on Friday, 10th December 2021 at ...
December 16, 2021
The Governor of Kano State, His Excellency, Dr. Abdullahi Ganduje has applauded the quality and importance of the Family Homes Funds affordable housing projects in the state. The Governor made this k...
December 16, 2021
The Nigerian Senate Committee on Housing has commended the Family Homes Funds Limited (FHFL) efforts in enhancing affordable home ownership for low-income earners in Nigeria through its affordable ho...
December 16, 2021
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...
December 09, 2021
The Family Homes Funds’ Corporate Sukuk Issuance in July 2021 has been named the Islamic Finance Deal of the Year in Nigeria at the African International Conference on Islamic Finance (5th AICIF) o...
November 10, 2021
Family Homes Funds Limited (FHFL), and Agence Française de Développement (AFD), also known as the French Development Agency have agreed on a partnership to carry out a detailed study ahead of a sub...
November 10, 2021
The Governor of Bauchi state, Bala Mohammed, has applauded President Muhammadu Buhari’s government for its affordable housing programmes that are being implemented by the Family Homes Funds Limited...
November 05, 2021
The Family Homes Funds Limited (FHFL) has been ranked first in the latest Transparency and Integrity Index released by the Centre for Fiscal Transparency and Integrity Watch (CEFTIW). The Center for ...
October 05, 2021
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 tha...
September 15, 2021
FHFL Board approves financing for 4,201 homes for the first phaseConstruction work begins in September in seven states The Board of the Family Homes Funds has approved financing for about 4,201 homes...
September 15, 2021
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...
August 08, 2021
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 S...
July 17, 2021
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-inc...
June 03, 2021
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 the...
May 19, 2021
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 ...
May 05, 2021
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 a...
March 30, 2021
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....
March 23, 2021
Family Homes Funds affordable housing projects comprising of 3,820 homes have advanced to levels that are inspiring hope for the communities and would-be beneficiaries in Bauchi and Yobe states. Rece...
March 12, 2021
About 1,000 artisans and craftsmen from the 17 local government areas of Yobe state have benefited from a capacity development and skills acquisition Programme organized by the state government in pa...
March 03, 2021
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 f...
March 02, 2021
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 l...
February 24, 2021
Background The Family Homes Funds Ltd is a Social Housing Finance Company. The Company aims to improve access to affordable houses for Nigerians on low income through financial support for public and...
February 18, 2021
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 un...
February 01, 2021
In Malkohi, Yola South local government area of Adamawa state, project contractors have been mobilized and have begun the construction of 1,000 units’ affordable houses for low- and middle-income e...
January 29, 2021
Family Homes Funds Limited has reached an agreement with Solar Home System Providers to provide off-grid solar power to all houses under the National Social Housing Programme (NSHP). The off-grid pow...
January 27, 2021
With the task to implement the Nigeria government’s National Social Housing Programme (NSHP), Family Homes Funds has struck partnership with Africa’s largest cement producers, Dangote Cement to d...
January 20, 2021
In a bid to key into the National Social Housing Programme (NSHP), the Jigawa state government has provided land title documents to Family Homes Funds for the development of up to 8,000 housing units...
January 19, 2021
The Vice President, who was accompanied by Sani Yusuf, the Chief Housing Investment Officer (CHIO) of Family Homes Funds expressed his satisfaction with the quality of the one-bedroom and two-bedroom...
January 03, 2021
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 ho...
September 29, 2020
The Workshop on the Leased Housing Program in partnership with the Association of Housing Corporation of Nigeria (AHCN) held on Wednesday, 9th September 2020 at Bon Hotel Stratton Asokoro. The repres...
September 13, 2020
Family Homes Funds would like to introduce to the public two new payment options that have been in the pipeline of production to allow us better service to you, our dearest customer. Rent-till-mortga...
July 20, 2020
On Monday the 29th of June 2020, Dr Emmanuel Agbadu Akabe, the Deputy Governor of Nasarawa State paid a visit to the Family Homes Funds Grand Luvu Estate in Masaka. The Deputy Governor was visibly im...
July 03, 2020
FHFL is currently working with the Niger State Government to provide 1200 homes for civil servants in the state. This was sealed by a Memorandum of Understanding(MoU) signed at the Government House i...
July 03, 2020
Across many Sub-Saharan African countries, more than 55% of the population in cities live in slum-like conditions. With insufficient access to clean water and inadequate healthcare facilities, urb...
May 11, 2020
At the recently held webinar titled ‘Affordable housing post Covid-19′ , Mr Femi Adewole, the MD/CEO of Family Homes Funds called on stakeholders in the affordable housing sector to change it nar...
April 23, 2020
Wishing all the incredible women who contribute daily in our efforts to provide affordable housing, we say thank you!...
March 11, 2020
In the morning of 16th September 2019, the Members of the Board of Family Homes Funds were inaugurated by the Honourable Minister of Finance, Budget and Planning, Mrs Zainab Shamsuna Ahmed. Congratul...
October 28, 2019
FHFL signed a Memorandum of Understanding with Shelter Afrique, a leading organisation in affordable housing financing in Africa. The two companies will look to co-finance projects in the near future...
October 28, 2019
Family Homes Funds Managing Director Femi Adewole was recently received by the Vice President Prof Yemi Osinbajo to discuss the mission of the fund, particularly as part of the Social Intervention Pr...
August 27, 2019
Family Homes Funds partnered with the Delta State Government to commission the affordable housing project in what was recognised as a win for affordable housing in Nigeria. The Family Homes Funds Est...
August 27, 2019
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 accomo...
August 27, 2019
The Family Homes Funds was recognised for its efforts in the affordable housing drive in Nigeria during the Abuja International Housing Show. Presented with the Award for Affordable Housing Promoter ...
August 27, 2019
Federal government housing intervention program, Family Homes Funds has signed a Memorandum of Understanding (MoU) with Construction Skills Training and Empowerment Project Ltd/Gte C-STEMP, an organi...
August 27, 2019
One sector of the economy that has the potential to provide a significant number of jobs is construction. The construction industry provides jobs for people of varying skill levels – highly skilled...
August 27, 2019
