The Federal Mortgage Bank of Nigeria, FMBN, and Cocoon Atlantic Housing Estate, a leading real estate firm have officially inaugurated a 28-unit flat estate in Sangotedo, Lagos State.
Mr. Madu Hamman, the Managing Director of FMBN, Madu Hamman at the inaguration, highlighted the successful delivery of the housing estate which was made possible through the bank’s Cooperative Housing Development Loan window.
The window allows contributors to the National Housing Fund to access affordable housing through their cooperatives. The 28-unit flat estate was funded by the FMBN and designed with state-of-the-art technology to meet international safety standards.
The Managing Director of Cocoon Atlantic Housing Estate, Mr. Farouk Imam, expressed his appreciation to the FMBN for its unwavering commitment to ensuring that Nigerians continue to have access to decent and secure accommodation through affordable mortgage financing. He also highlighted that the apartments provide comfortable housing options for Nigerians at affordable rates.
The successful delivery of the new estate is a testament to the power of partnership and dedication to solving Nigeria’s housing challenges. The apartments not only provide shelter but also foster a sense of community where residents can build socio-economic relationships and create memories to be treasured.