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FHA To Launch 764 Housing Units For Low Income Earners

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The Federal Housing Authority (FHA) has promised to ensure that common Nigerians yearning for housing allocations in the country benefited from its nearly completed housing scheme in Zuba, FCT and nationwide.
FHA’s Managing Director, Prof. Mohammed Al-Amin, made the promise on Monday during an inspection of its Zuba housing project site by the Minister of Power, Works and Housing, Babatunde Fashola.
Al-Amin said that the 764 housing units project which has gulped N3.7 billion would be inaugurated in August.
Fashola had earlier given directive to the authority during the inspection to ensure that young and common Nigerians yearning for accommodation benefited from the project.
The FHA boss assured that the authority would put arrangements in place to ensure that Nigerians that the houses were designed for actually get them.
“We have taken several measures to ensure that the end users are actually the common Nigerians. For instance, we are encouraging all sorts of groups to form housing cooperatives.
“Forming cooperatives does not only mean getting land and building the houses but there is consideration during the housing allocations.
“We are poised to do better in the finishing touches, especially in the toilet and rooms; these will be taken into considerations to come out with lesser cost for the housing,” he said.
The housing project, which is almost completed, with the houses roofed is located within its target beneficiaries at Zuba Model Market, FCT College of Education and Zuba Spare Parts Market.
Al-Amin said that another mass housing work is ongoing in Kwali and Bwari with labourers on ground so that those who could not afford to stay in the central business district or hinterland can get houses at the periphery.
“We have another type of housing called Affordable Nationwide Housing Project just like we have started this one as pilot in FCT we are piloting Kastina and Ibadan once they are completed we will replicate it all over the country.
“For the nationwide affordable housing, it is going to be across the local government in state capitals. Presently, we have profiled 46 sites which after the pilot scheme in Ibadan and Kastina we will now deploy resources to all those places,” he said.
Earlier, Fashola had commended FHA for not compromising on the quality of the building materials used for the housing estate, adding that when completed it would be of globally competitive standard.
“We are trying to get what fits the pocket of ordinary Nigerians and the Federal Government is very determined on the housing projects; it will be efficient but not luxury.
“It will meet the global minimum competitive standard of public housing in terms of its fittings and finishing
“Affordability has to do with how much you can pay and how you pay there. There is a mortgage system in place and we have reduced the equity contribution of the mortgage system to boost affordability,” he said.
Fashola said that people, who would take up the houses, were expected to equally have Mortgage finance from the Federal Mortgage Bank of Nigeria (FMBN).
According to him, if you are working for the next 20 years, if the house is N10 million, it should be affordable for you if the payment method of monthly deduction is placed over your working career,” he said.
He further said that the ministry was also looking at “Rent to Own’’ scheme so that if one could not buy and could not get mortgage, one could rent and start contributing through house rent to become the owner later.
He was overwhelmed that the project has employed about 10,000 persons including suppliers, workmen, builders and artisans, saying  that more would be employed at the fitting stage. (NAN)

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Land Use Charge: Stakeholders Call For More Property Valuation

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Stakeholders in the real estate industry have said the Lagos State Government should increase the number of properties that have been valued under the amended Land Use Charge (LUC) Law, 2018.
They noted that this would take away the burden of paying high levies on properties by a few in the state.
The Deputy President, Real Estate Developers Association of Nigeria, Mr Akintoye Adeoye, who applauded the recent amendment of the LUC law by the Lagos State House of Assembly, said the number of properties that were captured before the suspension of the process in 2018 was too small compared to the population of the state.
He said, “The percentage of properties that have been assessed is still less than 30 per cent. Rather than tax this number of people, it is better for the government to widen the net and bring more property owners onboard.
“It doesn’t make sense to tax just a few people, especially in a challenged economy like ours. We should bring in more people rather than increase the rate for a few.”
Adeoye said the state government’s decision to amend the LUC law would encourage more people to invest in property in Lagos State.
A six-man ad hoc committee, chaired by Rotimi Olowo, recently presented the report of its findings from a public hearing to the House of Assembly revealing that the review of the LUC lawwas generally perceived to be arbitrary and unrealistic.
During the presentation, Olowo was quoted to have said the Section 1(2), “Pensioner” should be redefined to include all retirees resident in the state from federal and state institutions and from both private and corporate organisations domiciled in the state.
He said it was agreed by participants and stakeholders during the public hearing that vacant plots of land and unoccupied properties should be exempted from the LUC liabilities and a proper classification of commercial and residential property in the state should be done for the purpose of levying.
Among other amendment is the Section 17(c) (i) stating that there is no need for 50 per cent payment by aggrieved owners over disputed charges before their eligibility to appeal, while aggrieved residents and property owners should pay the preceding year’s charges when the disputed charges are being resolved.
Akintoye noted that the resolve to amend parts of the law especially the aspect covering pensioners was a welcome development.
He said, “Before now, it used to be only Lagos State retirees but it has been extended to others across the federation.
“Lagos market is Nigeria’s market and people from all over the world invest in the state where many of them also retire. It doesn’t make sense to have that dichotomy in the treatment of pensioners.”
The President, Nigerian Institute of Building, Mr Kunle Awobodu, stated that to make the newly amended law achieve its objectives, there should be modalities for implementation to prevent fraud and false claims.
“I am in agreement with the amendment. The only thing I am sceptical about is how those from the private sector will be identified. It is difficult but it can be done. It is difficult to have an accurate record of pensioners from the private sector. But there should be modalities for implementation,” he added.
A former President, Nigerian Institution of Estate Surveyors and Valuers, Mr Bode Adediji, said even though the details of the amendment had not been made public, its assent by the governor and implementation should be looked into for the benefit of Lagos residents and investors.

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Housing Deficit: LASG Completes 360 Homes In Ikorodu

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Lagos State Government said it has completed construction of 360 additional housing units for commissioning soon as part of its efforts to tackle the challenge of housing deficit in the state.
The state Commissioner for Housing, Mr. Moruf Akinderu–Fatai, disclosed this recently, while conducting a validation and inspection visit to Lagos Homes, Lagshom Igbogbo Scheme 2B, in Ikorodu Local Government area of the state.
“Lagos is adding 360 more homes to the existing stock of homes in the state in the next few weeks,” Fatai said.
According to him, the state government has resolved to complete all housing schemes that were set aside by the previous administration in order to speedily bring succour to residents by increasing the availability of decent accommodation for the increasing population of the state.
“Reducing the housing deficit and bringing more people on the home ownership ladder through provision of affordable and quality homes are tasks that are germane to building a 21st century economy.
“Hence, the administration of Mr Babajide Sanwo-Olu is frontally pursuing the goals of completing all the on-going housing schemes to ensure that befitting and decent accommodation is available to the ever increasing population of the state,” he said.
The Permanent Secretary of the Ministry, Mr. Wasiu Akewusola, who also affirmed that over 360 families would soon move to their homes, expressed satisfaction with the on–going works at the site and encouraged the contractors to keep up with the good job in order to deliver at the targeted date.
He disclosed that in year 2020, not less than 3,500 homes in Sangotedo, Idale in Badagry, Odo Onasa/Ayandelu, Ibeshe, Egan-Igando and Ajara would be completed from both government owned schemes and joint ventures.
The LagsHom Igbogbo Housing Estate is made up of 30 blocks of buildings with 120 units each of three-bedrooms, two-bedrooms and one- bedroom, making a total of 360 units of family homes.
In addition, the scheme which commenced in 2012 has a central sewage treatment plant, water treatment plant, high quality road network, and  Street lights.

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ICPC To Investigate Ownership Of Unoccupied Houses In Abuja

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The Independent Corrupt Practices and other related offences Commission (ICPC) will soon commence investigations into the ownership of unoccupied houses in the Federal Capital Territory.
The agency says the move is a result of the increase in the number of expensive and unoccupied houses in the FCT.
According to the Federal Capital Territory Administration, the housing deficit for the nation’s capital now hovers around 1.7 and two million.
It also says at least 600 abandoned buildings have been identified by the authorities, with most of them located in Gwarimpa, Wuse, Garki, Maitama, Asokoro and Apo.
The buildings are, however, above the means of most civil servants, resulting in them seeking more affordable accommodation in the outskirts of the city.
Director, FCT Development Control Department, Muktar Galadima, explained that they were making moves to take over the property.
He said if the Federal Executive Council intervenes and they acquire some of these property, it would be a way to solve Nigeria’s housing deficit.

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