Trustbond Mortgage Bank, FMBN, more set to provide affordable housing units for low income earners

This scheme, tagged 'Affordable Housing For Economic Empowerment and development (AHEAD)', is aimed at providing affordable houses for low income earners.

READ: FMBN MD says bank is determined to provide low and affordable housing schemes across Nigeria

According to the Chief Executive Officer of Millard Fuller Foundation, Mr. Sam Odia, this programme will also provide job opportunities.

“With our UK partners we have developed a business model that will help us deliver housing sustainably at far greater levels of scale as well as prove the affordable housing market as a veritable investment destination.

The first point of departure must be to undertake an exercise towards a truthful definition of what affordable housing is. Until there is a fair amount of consensus about this, we will continue to beat about the bush, touting N30million or N20 million housing units as ‘affordable’.

Millard Fuller Foundation, is committed not just to playing in this vital market, but also to lending a hand in developing the affordable housing industry, sharing best practices with our partners. The market is so large, that no single organization or group can fill the need.”