The Real Estate Developers Association of Nigeria (REDAN), has disclosed that it will leave no stone unturned in making housing accessible and affordable for all Nigerians.
REDAN said it planned to achieve this through its Rural Urban Housing Initiative (RUHI-774).
President of REDAN, Dr Aliyu Wammako, who made the declaration at the 2021 Extra-ordinary General Meeting of the association on Wednesday, in Kaduna State, said about 710 chief executives of estate development firms, who were members of the association, were in Kaduna to deliberate on matters of general interest, progress and growth of the association.
He said REDAN, under his leadership, came up with modest strategies to provide affordable and accessible houses to Nigerians in both urban and rural areas.
According to him, the scheme will provide job opportunities for the unemployed and skilled workers, through the development of at least 100 housing units in each of the 774 local government areas (LGAs) of the federation and the Federal Capital Territory.
Wammakko further explained that the association had secured a financing window, from Family Home Funds Limited, Shelter Afrique, and Federal Mortgage Bank, among others.
He said the association was also partnering manufacturers of housing products and would source materials locally at a highly subsidised rate.
Wammako also stated that in other to bring sanity into real estate practice and development in Nigeria, the association had presented Real Estate Regulations and Development bill to the 9th Senate for possible passage into law.