At least 1,000 housing units are now ready for occupation in Lagos state as government says the housing units are injected to mitigate the housing challenges of residents.
Governor Akinwunmi Ambode, who stated this during an extensive inspection tour of ongoing projects, said that the official flag-off of the allocation of the housing units would commence on December 9, 2016.
Governor Ambode explained that due to the economic recession, his administration felt the great need to review the existing housing policies to make housing more affordable.
“When you consider the economic recession and then the inability of our people to actually process mortgage, we think it is time for government to be more responsive and that is why we are adjusting the mortgage scheme to rent-to-own policy; we think it is better that people can just come in and pay one month rent and continue to pay their rent on a monthly basis, these housing units are for the people and we want the people to have access to them,” he explained.
No stringent condition
He said that the schemes ranging from rent-to-own to outright purchase would be opened to any interested person without any stringent condition. noted that
“If Lagosians are interested in owning, they don’t need to pay any down payment of mortgage, they should just approach us and apply, they don’t need to know anybody also, as it will be open to everybody, this is more about the people, as we speak now, we have over a thousand units that are going up for rentage and as we proceed, we will add additional units in partnership with the private sector, we are going to have new schemes coming up in Ajegunle, Badagry, Alimosho and other
areas, the whole essence is to increase the purchasing power of the people,” Governor Ambode said.
The Commissioner for Housing, Mr Gbolahan Lawal noted that as part of the people-friendly gesture of government, prices of the units had been reduced.
According to Lawal, the social welfare policy of government in the face of the current economic downturn necessitated the need for the rent-to-own policy.
“Two bedrooms flat which was hitherto N7.2million has been reduced to N3.5 million, while the one bedroom which was N4.3 million has been reduced to N2.3 million, the room and parlour unit has also been reduced to N1.5 million,” he added.
At least 10,000 housing units were built by the immediate past administration in the state to address about three million housing deficit, but the costs were largely unaffordable.