By Echeburu Oby
The Federal Mortgage Bank of Nigeria, under the leadership of Arc. Ahmed Musa Dangiwa, in the light of providing more affordable houses through the strategic institutional partnership, on 4th of May 2021 signed a ternary housing delivery agreement with the Family Homes Fund (NHF) and the Nasarawa State Government.
In the agreement, the Nasarawa State Government is placed with the task of providing lands and off takers while Family Homes Fund is in charge of financing the construction of the said housing units then FMBN is to create the NHF mortgage loans.
Also read: Law binding landlord and tenant agreement in Nigeria
The housing loans would be given at a single digit interest rate of 6% yearly payable over a period of 30-years for the recipients who would be required to be contributors to the National Housing Fund (NHF) Scheme.
The agreement is aimed at providing 2,000 habitable affordable houses for the Nasarawa state workers that are between the low – medium income earners.
