The Federal and Lagos State Governments through the Renewed Hope Housing initiative is set to provide over 2,000 home units to residents in Ipaja and Ibeju Lekki, as part of efforts at bridging accommodation deficit in Lagos.
Meanwhile, the Lagos Mortgage Board had allocated a total of 4,096 affordable home units through mortgage or rent to own in the past nine years of existence.
The state Commissioner for Housing, Moruf Akinderu-Fatai, made the remarks on Thursday, during the Ministerial Briefing to commemorate the first anniversary of the second term in office of Mr Babajide Sanwo-Olu, held in Alausa, Ikeja, Lagos. Akinderu-Fatai, also said there is an ongoing discussion with a private finance institution to provide 800 units at Odola in Ikorodu division. All these initiatives are targeted at first time owners and low income earners, with mortgages ranging from 10 to 15 years,” he said.
Akinderu-Fatai, also used the opportunity to warn the allotees of the estates to desist from the practice of contravention of the original master plans of the estates through various alterations, modifications and adjustments. Akinderu-Fatai also confirmed the readiness of the state government to enhance fairness and transparency in the allocation of housing units through the use of ballot in the allocation of some of its home units.
He warned that “it is an offence for an individual or organization to engage in Real Estate business without due registration with LASRERA and urged the practitioners in the sector to always act responsibly and follow the path of the law.
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