Housing Deficit: FG, Lagos To Deliver 2,000 Renewed Hope Homes

Through the Renewed Hope Housing Initiative, Federal and Lagos State governments have concluded plans to provide over 2,000 home units to residents in the Ipaja and Ibeju Lekki areas of the state, as part of efforts to bridge the accommodation deficit in Lagos.

The state’s commissioner for housing, Moruf Akinderu-Fatai revealed this on Thursday, during the Ministerial Briefing to commemorate the first anniversary of the second term in office of Mr Babajide Sanwo-Olu, held in Alausa, Ikeja, Lagos.

Akinderu-Fatai, affirmed the readiness of the state government to provide more homes by speedily completing its ongoing housing schemes in all the administrative divisions of the state.

He explained that the collaboration with the federal government on the Renewed Hope Housing initiative to provide over 2000 home units in Ipaja and ibeju Lekki.

Akinderu-Fatai, also said there is an ongoing discussion with a private finance institution to provide 800 units at Odola in the Ikorodu division, saying the initiatives are targeted at first time owners and low income earners, with mortgages ranging from 10 to 15 years.

He also revealed that the old estates are being re-evaluated with a plan to restore their infrastructure and maximize the available lands for greater home yield.

According to him, about 646 civil servants have benefitted from the allocation of affordable housing units within the period under review, adding that 270 housing units will be commissioned by Governor Sanwo-Olu by the end of May.

The commissioner stressed that residents of some of the Ministry’s estates do not comply with the extant rules put in place to promote peaceful coexistence of all allottees in the estates.

Such infractions, according to him, include non-payment of Service charges, bypass of electric meters, and cult activities.

He then warned that the state government has resolved to act resolutely by revoking the allocations of allottees who do not comply with the agreements signed at the point of release of homes.

Akinderu-Fatai also used the opportunity to warn the allottees of the estates to desist from the practice of contravention of the original master plans of the estates through various alterations, modifications, and adjustments.