AUPCTRE Seeks Mortage Bank For Rivers

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Displeased by the controversies that rocked contributions made by public servants to the National Housing Fund (NHF) and the sudden withdrawals, the Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Services Employees (AUPCTRE) has called for the establishment of a state owned Mortage bank.
AUPCTRE scribed, Comrade James Kobah made the call in a report he presented to delegates at 3rd guadrennial conference held in Port Harcourt.
The labour leader while underscoring the need to establish the bank said if it is established it would aid the state indigenes to obtain loan and build their houses.
Comrade Kobah argued that the Mortage bank would equally boost the housing market and spark fresh growth in the sector.
Frowning at the moribund situation in the State Housing and Property Development Authority the union leader declared, that, “Housing Authority can be self sustaining if government considers this option.”
He continued, “When an institution dies the service it renders dies. The conference in-session also calls on the State Government to transfer all abandoned and uncompleted public building to the Housing Authority to manage.”
The AUPCTRE scribe was of the opinion that the Housing Authority is an agent of government saddled with the mandate to development of housing and property.
He remarked that the sector is an indispensable one in terms of viability and relevance to the needs of the society, noting that, ‘the Lagos Sate Housing Corporation contributes to Lagos State government budget.”
Kobah wondered why the Rivers State Housing and Property Development Authority cannot do the same in the state if properly funded.
On the other hand, he blamed the State Government for the decay in the agency over the years, since the authorities do not allow it to execute its responsibilities.
For instance, he argued that if the housing schemes executed by the state in the past 10 years had been done by RSHPDA, most of the housing schemes now abandoned would not have been uncompleted.
He declared further, “it seems clear that the neglect or death of Housing Authority resulted in the housing crisis in the state today.”