Family Homes Funds Limited (FHFL), a key establishment advancing reasonably priced housing finance in Nigeria, has unveiled its new company id, reflecting its evolution right into a broader housing finance platform and its continued dedication to addressing Nigeria’s estimated 15 million-unit housing deficit.
According to the agency, the new id represents FHFL’s increasing function in mobilising capital, structuring housing finance options and constructing partnerships that allow reasonably priced housing supply, create jobs and widen entry to homeownership throughout Nigeria.
Since commencing operations, FHFL mentioned it has financed greater than 15,900 houses, created 104,000 direct and oblique jobs, and established a presence throughout 70 undertaking websites in 19 states and the Federal Capital Territory (FCT).
The establishment additionally has greater than 18,000 houses in its growth pipeline, reflecting its ongoing efforts to scale up housing supply by way of sustainable financing and strategic partnerships.
Speaking on the importance of the new id, FHFL Chairman, Ademola Adebise, mentioned the organisation’s evolution underscores the significance of constructing a stronger housing finance system able to delivering lasting social and financial worth.
“Access to decent, affordable housing remains a critical development priority for Nigeria. Addressing the scale of the challenge requires institutions that can mobilise capital, strengthen partnerships and create the conditions for housing delivery at scale. FHFL has an important role to play in this process, and its new identity reflects our ambition to deepen that role and deliver greater value to Nigerian families and the wider economy,” he mentioned.
FHFL’s work spans building financing for reasonably priced houses, mortgage financing for eligible homebuyers, purpose-built rental housing, together with pupil lodging, land and infrastructure growth, and social housing initiatives for susceptible communities.
Through these options, the establishment works with authorities, personal builders, monetary establishments and growth finance companions to broaden housing provide and enhance entry to reasonably priced financing.
Speaking on the strategic course behind the rebrand, Abdul Mutallab Mukhtar, Managing Director and Chief Executive Officer of FHFL, mentioned the new id displays the organisation’s progress and its ambitions for the approaching years.
“Our earlier id served us by way of the early years of our operations, and our progress has created the necessity for a model that displays the organisation we now have develop into, the place we’re at the moment and the place we need to be. Since 2018, FHFL has developed in its operations. While we initially relied closely on authorities funding, we now have since expanded our funding base to incorporate personal capital and different funding sources. Our new id displays this evolution and the broader function we’re constructing inside Nigeria’s housing finance panorama.
“Looking ahead, our projection for the next three to five years is to establish FHFL as a more resilient, well-structured and key player among Nigeria’s development finance institutions, with the capacity to mobilise capital, build strategic partnerships and contribute meaningfully to addressing the country’s housing deficit,” he mentioned.
FHFL’s affect extends throughout its Affordable Housing Fund, Home Ownership Fund, Rental Housing Fund, Land and Infrastructure Development Fund, and Social Housing Programme. These initiatives deal with completely different levels of the housing worth chain, from enabling builders to construct reasonably priced houses to serving to eligible households entry mortgage financing and supporting purpose-built rental lodging.
The establishment’s strategy additionally recognises housing as a driver of wider financial exercise. Housing growth creates demand throughout building, constructing supplies, transportation and associated companies, producing employment and supporting livelihoods in host communities
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