Grappling with the shortage of funds and lack of mortgage finance for housing schemes, members of the nation’s housing corporations have called for immediate implementation of statutory contribution to the National Housing Fund to cater for the loans request of low and medium income earners.
They further sought collaboration among stakeholders to address the housing, create and empower the people to reduce unemployment in the society. The workshop commended the Plateau State government for cutting down land charges by 50 per cent as part of efforts in making housing affordable for low and medium income earners. It urged other state governments to emulate Plateau State in creating conducive environment to make affordable housing available to low and medium income earners.
The association called for effective partnership models and synergies between FHF and the Federal Mortgage Bank of Nigeria , which will enhance development funding, wholesale mortgage lending and origination to reduce housing shortfall in Nigeria. It recognised the inherent opportunities in business partnerships in developing business synergies and strategic alliances to reduce cost and expand into new markets in housing provision.