Since its establishment, Family Homes Funds, which is currently the biggest social housing fund in Nigeria has constantly shown — through words and actions — that they are committed to providing affordable homes for the middle and low income earners in Nigeria.
This fact is conspicuously evident in the numerous completed and ongoing projects they have across the nation. And, the fund has deemed it germane to extend their projects to every nook and cranny of the country so as to share its dividends equally among the States of the most populous black nation.
Barely two years since it started operation, the fund has demonstrated high level of commitment and responsibility by delivering affordable homes to Nigerians. This commitment which has reverberated positively among Nigerians has continued to spur the fund in ensuring that the middle and low income earners have a place they call a home.
With the lofty goal of building at least 500,000 houses for low and middle income earners by 2023, the Fund’s Managing Director, Femi Adewole has recognised the importance of partnering with other government institutions, state governments, financial, mortgage institutions, research and development agencies to achieve this goal.
The Fund is currently working on at least 20 projects in different states of the federation including Borno, Yobe, Adamawa, Kaduna, Nasarawa, Kano, Delta, Ogun, FCT,,Niger and this has only been possible because of how they are tapping into the comparative advantages of their partners.
And more recently, the Fund has confirmed that it is set to unveil massive projects in the South-East and South-South. This commendable move is part of the fund’s strategies to share its dividends among the States of the nation by providing social housing for the citizens.
Recall that the fund had earlier disclosed that it is working with research institutes like Nigerian Building and Road Research Institute (NBRRI) to achieve the goal of affordable housing. The Fund’s MD had said; ‘’we are in an age of information and knowledge for delivering change. And for the Family Homes Funds, we are absolutely clear that if we are going to deliver change in the way that housing is delivered in Nigeria, knowledge has to be a critical part of that, and I think the nation’s leading building research institute therefore becomes a key partner and I think we agreed today that we will work together.’’
The importance of such partnerships will enable them learn from each other’s experience as operators in the Nigeria housing sector, access collected data and networks.
It is worthy of mention that Family Homes Funds is partnering with Federal Ministry of Works and Housing, as well as Federal Government Staff Housing Loans Board and Association of Housing Corporations of Nigeria to succeed in the affordable housing projects.
They are equally in partnership with some international financial institutions such as Shelter Afrique to device the most effective strategies of providing affordable housing for low income earners in Nigeria who may have given up hope of owning their own homes.
The Fund has also established a beneficial working relationship with other housing finance agencies like CBN, FMBN, NMRC, and are also supporting affordable housing advocacy with the Housing Development Advocacy Network.
With a focused and determined leadership of Femi Adewole, a well-tested international housing finance guru, a lot of stakeholders are confident about what the Fund can achieve, especially with the kind of partnerships that it is leveraging on to deliver its key goals.
All these achievements have been made more remarkable by the work of the members of the board of Family Homes Funds whom have all excelled very well in their chosen careers and are putting that experience to good use at Family Homes Funds.
Such spirit of collaboration can only be sustained and effective enough to inspire other key stakeholders in the sector to leverage on partnerships and collaborations in achieving affordable housing in Nigeria and reduce the country’s alarming housing deficit.
