By Mashe Umaru Gwamna
The Minister Housing and Urban Development, Arc Ahmed Musa Dangiwa has told the developers of the Renewed Hope Estate project across the country to ensure completion of the project within three months stipulated period to enable Nigerians in the respective states occupy the houses as quickly as possible.
He made the disclosure during the groundbreaking of 250 Renewed Hope Housing Estate at Bende Local Government Area, near Umuahia, the Capital City of Abia State, on Thursday.
He said the second round of the groundbreaking covers eight states in the South and North-Central zones of the country, namely; Ebonyi, Abia, Akwa Ibom, Delta, Osun, Oyo, Benue and Nasarawa State, each comprising 250 housing units, and making a total of 2,000 units in the round.
Dangiwa said “ By the end of this second round, we would have broken ground for a total of 6,612 housing units across the country since February this year, creating direct and indirect jobs for over 165,000 at an average of 25 jobs per unit”
He said “ The 250 housing units in Abia, just like in each of the states, will consist of 50 units of 1-bedroom semi-detached bungalows, 150 units of 2-bedroom semi-detached bungalows, and 50 units of 3-bedroom semi-detached bungalows”.
On the sales for the houses, the minister said “We have created different options to enable everyone who has a source of income and livelihood to own these homes when they are completed”
He listed the options to include; single-digit mortgage loans that beneficiaries can repay over 30 years; rent-to-own schemes provided by the Federal Mortgage Bank of Nigeria, and outright purchase options for those who can afford to pay upfront.
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