The long awaited Lagos Rent-to-Own Scheme has been scheduled to commence on December 8, 2016. The project which is meant to satisfy the hopes and aspirations of low-income earners in Lagos is finally here.

However, the housing project has been doubted by so many Lagosians who feel that it is one of the government methods to deceive the people and reserve the properties for a group of people in government. Governor Ambode has made a number of provisions to make sure that the houses go to the low-income earners. Below are the top six reasons that make the Lagos rent-to-own scheme genuine:

Only first-time home buyers are eligible for the scheme
The governor slashed the prices of the homes to encourage low-income earners
The home is not transferable
The house will be paid for from the source of income
There is an age limit
The Rental Housing Policy will cover the working class.

According to the Commissioner for Housing, Mr. Gbolahan Lawal, the policy was in response to the yearnings of residents for affordable and decent housing.

He said that the `Rent to Own’ policy would target low-income earners in both formal and informal sectors, while the `Rental Housing’ policy would cover the working class.

He said that the `Rent to Own’ policy will also cover those with regular income, with the rent deducted from source. He said that the government would kick-start the project with over 1,000 units out of the 3,192 units earmarked in the first phase.

Lawal said the first phase of the project would be sited in the following areas: Epe, Agbowa, Ojokoro, Alimosho, Igbogbo, Igando, Iponri, Surulere, Eti-Osa, Ajara and Badagry.

He said that five per cent value of the housing unit would be paid as commitment fee on the Rent to Own Policy, while the balance would be spread for 10 years.

On the Rental Housing policy, Lawal said that rent would be collected on a monthly basis, and tenants were required to pay one month deposit, according to the prevailing rent in each location. He said rented apartments are not transferable.

Lawal said that applicants must be primary residents in the state and would be required to submit a copy of their Lagos State Residents Registration Card.

He said that applicants must be first-time home buyers, must be 21 years old and above, as well as be tax compliant, among others. The commissioner assured that selection process will be credible, fair and transparent, saying units in the rent to own scheme spread across the state ranges from one bedroom to three bedroom flats while unit price ranges from N1.5m to N25m depending on location and type.


Source: https://www.tolet.com.ng/blog/why-the-lagos-rent-to-own-scheme-is-genuine/?utm_source=nairaland&utm_campaign=nairaland_5_12_2016&utm_medium=blog

25 mill, and u call DAT affordable?

ERONX:
25 mill, and u call DAT affordable?

but have you considered that you can get a home for as 1.5 million in Lagos? You can't get that anywhere even if you want to build

Great idea by Lagps state government.

25 million? I thought the scheme was for low income earners. Where exactly do they expect them to get that kind of money.

I have always been against buying flats at exorbitant amounts because you don't own the land that the flat is on. if something happens to the flat then what do you do?

make i TYPE fast before they hajack am GOOD MORNING GUYS

Afam4eva:
25 million? I thought the scheme was for low income earners. Where exactly do they expect them to get that kind of money.

dont mind those fvckers they want people to live on credit.

Let's hope the government can get it right this time

Hope it works.

25mill can build 2 or 3 3-4 bedroom flats for me nah.

i smell anoda series of SCAM.....lemme run b4 dae cm 4 m

Finally i can upgrade

Still not affordable.

This is a good development.
How can someone get a Resident Registration Card?

Noted

PortableAngel:


but have you considered that you can get a home for as 1.5 million in Lagos? You can't get that anywhere even if you want to build

leave the boy na... he's a true Nigerian "always complaining"

chigoizie7:

25mill can build 2 or 3 3-4 bedroom flats for me nah.

In the same locations?


i hope you read that the payment is not once



.

I came here for enlightenment comments. I guess I'm too early.

Atleast there seems to be one state that cares about the welfare of it's citizen..

That is why DBS remain the best earning platform. Wondering what I'm talking about, check my signature.

Ppl shld learn to read abeg

ERONX:
25 mill, and u call DAT affordable?

Why do you revel in distorting information.

1.5m to 25m.

You intentionally ignored the 1.5m and caused people to erroneously follow you down the dark path of 25m-scam-not-affordable...

Too good to be true in Nigeria

kk

That one of 25m must be the 3bedroom and probably in a more popular area. I think it's cool since u will spend at least 10yrs to pay

fkj950ax:


Why do you revel in distorting information.

1.5m to 25m.

You intentionally ignored the 1.5m and caused people to erroneously follow you down the dark path of 25m-scam-not-affordable...

He is a sambalat, don't mind him

somepeople are just be stupid and just full of hate
cant you see 1.5m to 25m
you r still shouting 25m is too much


it is stated there that based on type and location




and who is that slowpoke saying he will build 2-3 houses with 25m

Afam4eva:
25 million? I thought the scheme was for low income earners. Where exactly do they expect them to get that kind of money.

I don't know what the problem is with some people. You see 1.5m to 25m yet you capitalized on 25m and start saying rubbish. What kind of person is this? Do you ever want your country to compete globally?

If you see good thing abeg laud am, don't politicize everything.

If it's a good scheme people will give testimonies sooner or later. Stop killing development. Think about the future.

I pray the houses don't collapse

A welcome development.

Willie Obiano has signed the MOU for it to commence in Anambra state also

It's stated in the MOU that they would be starting with a billion housing unit for low income earners which would be sold for 200k per unit

Believe Obiano's MOU at your own peril

One would wonder if its only Lagos that is a state in Nigeria. Others are simply existing on paper only.
Kudos to Ambo