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Affordable Housing: KDSG collaborates with FMB

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Kaduna State Government has decided to partner the Federal Mortgage Bank in providing affordable housing to resident of the state.

The Deputy Governor of the state, Dr Hadiza Balarabe, stated this while receiving the officials of the bank, led by its Managing Director, Ahmed Dangiwa, on Thursday in Kaduna.

She commended the bank for its reforms, which will ease the hardship faced by low income individuals in accessing affordable housing.

The deputy govervor assured the delegation that the state government would give the needed support in actualising the bank’s mandate.

According to her, as part of its critical reforms, the state government has created the Ministry of Housing and Infrastructure to embark on urban renewal projects including the provision of standard and affordable houses to the people.

”We will have new layouts and with the partnership, we will put up standard affordable houses for our people,” she said.

In an interview shortly after the meeting, the Managing Director said the aim of the visit was to seek for collaboration with the state government which is a major contributor to the National Housing Fund.

Dangiwa explained that FMB had built about 1,128 houses in Kaduna for contributors to the NHF.

”We have build houses across the state costing about over N5.6 billion and we have come forward to seek for more land to build more houses in the state,” Dangiwa said.

According to him, the bank want more public and private individuals to also key into the national housing fund.

”When you start contribution even if you are not a civil servant, you can benefit from the product of Federal Mortgage Bank of Nigeria.

“You just need to go to our office and pay monthly contribution of 2.4 per cent which is 1/40 of your earnings in a month and that qualifies you after six months of contribution to benefit up to N15m mortgage loans and other products,” he stressed.

He therefore called on the people of the state to key into the National Housing Found to be part of the beneficiaries.

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