As reported by the guardian, the Federal Housing Authority (FHA) has begun construction of 1650 housing units, for low-income earners in the Federal Capital Territory (FCT), in a fresh effort to reduce the huge housing deficit in the country.
The project, which comprises 550 homes in Zuba, Kwali and Lugbe axis of the city, is expected to gulp about N27billion. The buildings range from one-bedroom flats to five bedroom luxury apartments.
FHA Managing Director, Prof. Mohammed Al-Amin said the project located in “Zuba is almost completed while the one in Kwali is ongoing and Lugbe phase II will begin next week.”
He stressed that there are also ongoing projects in Apo, Guzape area of the FCT for the high-income earners, which is 90 per cent completed. FHA also plans to begin another scheme in Maitama area in three-month time, which will comprise of villas, duplex and luxury houses.
“The demand for the houses is high. None will be above five million and there are from one to five bedrooms. The good thing is if you are going through the government mortgage system you don’t have to do what is called equity. You don’t have to pay 30 per cent of the money before a house is giving to you.”
-FHA Managing Director, Prof. Mohammed Al-Amin
Read the full report here.
