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Family Homes Funds Investing To Provide Homes And Jobs. - Business - Nairaland

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Family Homes Funds Investing To Provide Homes And Jobs. by eodejai: 10:32am On Aug 30, 2018
Through International recruitment firm – PriceWaterHouse Coopers, the Family Homes Funds has launched a recruitment campaign to secure top quality capacity to deliver an ambitious. affordable housing programme as a key aspect of the Government’s Social Intervention Programme.
By 2023, the Family Homes Funds – a special purpose investment vehicle having the Nigerian Sovereign Investment Authority and the Federal Ministry of Finance Incorporated as founding shareholders – aims to have supported the development of over 500,000 homes and 1.5m jobs for Nigerians on low income.
Towards that goal, the Funds has recently completed the construction of 400 homes with an average cost of N3.5m in Grand Luvu, Nasarawa State – part of over 4,000 homes under construction in 5 states namely Ogun, Nasarawa, Kano, Delta and Kaduna. A further 30,000 homes are at advanced stages of negotiation with development partners and will commence by November 2018. As the new company builds capacity through the ongoing recruitment campaign, it will achieve a program of 80,000 homes by December 2019.
Creation of new jobs is a critical element of the Funds programme. Ongoing investments are already making a real difference with over 13,000 jobs created and about 360,000 to be created from current development pipeline. The Grand Luvu Project in Nasarawa State has created about 8000 jobs .

The story is no different for Abu Imtiaz, a graduate of Accounting from Kaduna Polytechnic, who before now wasn’t employed, but is now engaged as an accountant on site
According to officials of the Fund “…Our focus is to create homes that people, particularly those on low income can afford but beyond that, ensure that we provide opportunity for them to earn decent wages consistently through our investment in these projects. We have spent the last 9months building very strong foundations for a major take off and now we should start seeing the results…..affordable homes and jobs for local people”

Re: Family Homes Funds Investing To Provide Homes And Jobs. by conquerour(m): 10:57am On Aug 30, 2018
What is d process involved in buying the house?
Is it on mortgage or outright?
Re: Family Homes Funds Investing To Provide Homes And Jobs. by conquerour(m): 10:58am On Aug 30, 2018
Where is the one in Ogun located?

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