PROPERTY Affordable houses: FG initiates family homes fund housing project

The Economic Management Team of the Federal Government has set up a Family Homes Fund Task Force to facilitate the implementation and delivery of the Family Homes Housing Project across the nation.

Speaking during the inaugural meeting of the Land and Infrastructure and Off -take Sub -Committees for the project, the Chairman and Minister of State II for Power, Works and Housing, Suleiman Hassan, said that the project is a new widow intended to deliver more affordable houses to Nigerians.

He noted that the essence is to consistently deliver about 100 housing units annually and create more jobs to the teeming unemployed Nigerians.

The minister added that the Land and Infrastructure subcommittee is to engage with relevant state governments and stakeholders on prime locations of land in the various states of the federation. Also, the Offtake Sub - Committee is to determine a model for the participation of staff housing cooperatives, adding that this will be able to take care of retired civil servants, officers and personnel of the security forces.

The minister enjoined members of the subcommittees to bring their wealth of experience to bear in order to actualize this laudable initiative of the Federal Government geared towards the delivery of affordable mass housing.

In her response, representative of the Head of the Civil Service of the Federation and Permanent Secretary, Service Welfare Office, Mrs Didi Walson-Jack stated that affordable and quality houses is a key issue that the government is pursuing, adding that members of the Offtake sub-committee will do the needful in meeting up with the task ahead.

Also speaking at the occasion, the Special Adviser to the President on Economic Matters, Dr. Adeyemi Dipeolu noted that one of the most important aims of the Family Home Project is to identify the financing requirements, draw up a sustainable financing of the models, structure of financing and buy-in of relevant agencies including the Nigerian Mortgage ReFinancing Corporation for the continuity of the programme.