By Bisola Adeyemo
Lagos state government has partnered with Arctic Infrastructures, a non-governmental organisation, to support property developers and homeowners in the state.
Lagos State Commissioner for Housing, Mr Moruf Akinderu-Fatai, said this in Lagos on Thursday, while inspecting ongoing housing projects.
According to him, Environews gathered that the government will soon unveil an Affordable Housing Development Trust Fund to bridge housing gap in the state.
“The fund will reduce the challenge of financing housing development and empower people, particularly the low and medium income earners to access housing without undue financial stress.
“When you talk of construction, the development partners are people in business and people who are going to live in these houses,” he said.
“We are also looking at how to get mortgages below 10 per cent as well as how people who want funds can access it below 10 per cent.
“Presently it is about 22 per cent and that is not good in terms of shelter delivery,” the commissioner said.
“The ongoing 660 units in Odo-Onosa/Ayandelu, Agbowa Ikosi Local Council Development Area is almost completed and will be delivered within the next one month,” he said.
Akinderu-Fatai further said apart from the ‘Rent to Own’ scheme, which offered an opportunity for repayment over 120 months, the government was also opening up hinterlands and developing infrastructure for accessibility.
He, however, said land grabbers and issues of litigation were slowing down the commencement of the construction of two proposed workers’ villages.
