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URBAN News

“FAMILY HOMES FUNDS” as a means to making living

affordable

The family home fund limited is one of such new homes as well as create up to 1.5 million job
initiatives that looks to deliver top quality and opportunities by year 2023 making a real difference
affordable housing for millions of Nigerians on low to
to the quality of life of families and the economy.
medium income groups. It is classified as a key aspect
The FG has appointed Mr Femi Adewole as the
of the government's social intervention programme.
managing director of family homes funds. Mr Femi's
The fund is a partnership between the federal
ministry of finance and financial institutions as appointment followed a rigorous and competitive

founding shareholders recruitment process conducted by Pricewaterhouse
However, leveraging its capital to support the supply
Cooper. The FG described mr femi as “a real estate
of new homes for families on low to medium income is
and housing professional with over 25 years
only a means to an end. The key priority for the fund is
experience leading housing initiatives across sub-
to take advantage of the opportunity (building houses
in large scale) the programme offers to create jobs saharan Africa and the united kingdom”.
With a projected cumulative expenditure of up to 1
which are sustainable and offer families security,
trillion naira by 2023 into various input of house
improve quality of life and also give hope to the people.
building process, there is opportunity to incubate
The family homes fund has an ambitious
large numbers of small scale industries that will
commitment to facilitate and supply over 500,000 create significant employment for Nigerians.