The Managing Director/Chief Executive of Federal Housing Authority (FHA), Prof. Mohammed Al-amin has disclosed that the organization is working with research institutes for the development of local materials for the construction of houses.
Al-amin who made this known in an interview with journalists in Abuja stated that the authority would provide primary infrastructure in its estates while also targeting the expandable housing intervention.
He noted that such interventions were aimed at building the minimum housing units for prospective home owners while embarking on gradual expansion as their incomes improve.
The FHA boss also disclosed that the Authority is initiating a savers scheme that would enable workers in the formal and non-formal sectors of the economy own their houses.
He maintained that FHA is currently working with State Governments towards the implementation of a rent-to-own housing scheme which would convert rents paid by tenants for the eventual ownership of such houses.
Al-amin confirmed that about 50,000 members of 800 Co-operative societies nationwide have indicated interest in its Social and Co-operative housing programme adding that FHA is deliberately assembling cooperatives in various parts of the country so as to strengthen them to tap into the programme.
Al-amin noted that financially weak members of cooperative societies could latch on the strength of the group to make real their home ownership dreams.
While noting that the authority is focusing on housing delivery for the most vulnerable groups in the society like the no-income, low-income and middle low-income earners, he explained that FHA has developed special packages for collaboration with non-governmental, faith-based and Community-based organizations.
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