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8,925 Applications Received for Federal Housing Allocation – Dangiwa

Posted in News on May 28, 2024 by mls Leave a Comment

The Ministry of Housing and Urban Development has announced the receipt of 8,925 applications for the reallocation of homes under the National Housing Programme (NHP).

Housing Minister Ahmed Dangiwa shared this information during a sectoral ministerial press briefing marking President Bola Tinubu’s first year in office in Abuja.

The NHP, launched in 2021 under the Buhari administration, aims to provide affordable housing through ownership and rental options for Nigerians in both urban and rural areas.

Last year, the ministry revoked provisional allocation letters issued to NHP subscribers to review the terms and procedures for home sales.

The revocation affected subscribers from the program’s first to fourteenth batches. Following the review, the ministry called for reapplications for homes in 34 states.

Updating on the matter at the press briefing, Dangiwa mentioned that expression of interest forms were re-advertised with four subscription options to accommodate various income levels: outright purchase, mortgage, rent-to-own, and installment payment.

He reported that 1,294 individuals applied for outright purchase, 2,408 for mortgages, 2,184 for rent-to-own, and 3,039 for installment payments, totaling 8,925 applications.

“Since President Bola Ahmed Tinubu’s administration began, we have taken steps to expedite the sale and occupation of housing units nationwide. We advertised four subscription windows to cater to all income levels, receiving 8,925 expressions of interest,” Dangiwa said.

He added that the first batch of successful applicants received their provisional allocation letters in May.

“Last month, we issued the first batch of new provisional allocation letters for outright payment to successful applicants.”

The government plans to increase affordable housing availability by 50,000 units annually across different income segments. Urban and slum upgrading programs have been launched to improve living conditions, infrastructure, and services in informal settlements, promoting inclusivity and addressing the needs of vulnerable groups, including persons with disabilities, women, and the elderly.

“Government approved N126.5bn from the 2023 supplementary and 2024 budgets for these projects, including slum upgrades and urban renewal. We are committed to implementing reforms and initiatives to transform the housing sector and fulfill the renewed hope agenda for housing and urban development,” Dangiwa concluded.

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