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)