Abuja – January 31, 2024 – Viewpoint Housing News.
The delivery of affordable homes not only fulfills as a fundamental human right, but it provides families a better quality of life and the environment they need to flourish, it also serves as a major driver of national growth.
Family Homes Funds Limited which is the largest provider of affordable housing in Sub-Saharan Africa supports Families on low-income attain their home ownership dreams.
The Family Home Funds aims to alleviate Nigeria’s housing deficit by facilitating the financing of affordable housing initiatives that are in line with the New Urban Agenda and the Global Goals.
FHFL seeks to achieve a number of goals, such as Sustainable cities and communities, poverty reduction, health and well-being promotion, access to clean water and sanitation, decent job promotion, economic growth support, and inequality reduction. The Fund’s strategy involves collaborating with significant stakeholders such as state governments, development financing organizations, and project developers.
Bedeviled with a housing deficit of over 20 million, a lot of individuals believe that owning an affordable home is an unattainable ideal, However, the Family Home Funds is confident that through its wealth of experience, innovative ideas, and financial acumen, it can bridge the deficit through the delivery of numerous affordable homes to vulnerable Nigerians.
As a social housing company, THE FHFL’s mandate directly addresses two major goals of the SDGs, Goal 11- sustainable cities and communities and Goal 8- Decent work and economic growth, as well as Access to safe, secure, habitable shelter.
According to UN-Habitat, housing transcends beyond “bricks and mortar”, it is a precondition for addressing critical social issues such as employment, poverty, health, education, and inequality
With more than ten public sector partners, the Family Homes Funds Limited aims to bring affordable housing to fruition. In light of this goal, the FHFL has developed a system that unites many experts and stakeholders in order to assist in the construction of creative and reasonably priced homes that will satisfy the requirements of communities all around Nigeria. They are committed to the delivery of quality homes to as many vulnerable people as they can.
The Leadership of the FHFL, which is currently headed by Mr. Abdul Mutallab Mukhtar the Managing Director, has continually reaffirmed the organization’s dedication to affordable housing, noting that FHF is prepared to support as many developers as possible—as long as they abide by the company’s engagement guidelines.
FHFL has now completed over 14,000 homes across twelve states, with a strong pipeline of over 10,000 homes. These affordable housing developments have created more than 80,000 direct and indirect jobs, helped attract businesses to the areas, and built local wealth.
FHFL is also implementing the Nigeria government’s National Social Housing Programme (NSHP) that will provide up to 300,000 homes and lead to the creation of 1.5 million jobs across the country.
Through investments and innovative interventions, Family Homes Funds Limited has been able to provide 11,615 (completed and uncompleted) affordable homes in several states including Delta, Nasarawa, Kaduna, Kano, Borno, Yobe, Bauchi, Adamawa, Ogun. This new year 2024, new families will be moving into houses constructed by the Family Homes Funds in Bauchi, Yobe, Kano, Borno, and Adamawa.
Family Homes Funds Limited has identified strong partnership as one of the most sustainable and effective models for reducing housing deficit and solving other housing crisis in Nigeria.
The Family Homes Fund has attained a position of value, with aspirations that are aligned with not just the construction of homes but its vital sustainability and social impact.
The FHFL has over time adapted a people centered approach in accomplishing some of its objectives. Today with their contribution to solving the housing deficit crisis, many low and middle income families have benefitted from the FHFL’s numerous esteemed initiatives .
