As part of measures in finding a lasting solution to the provision of sustainable housing model for the teeming low income earners in the country, the Honorable Minister of Power, Works and Housing, Babatunde Raji Fashola, SAN, has commended the Millard Fuller Foundation on its pilot housing estate project in Nigeria located at Luvu Madaki, Masaka near the Federal Capital Territory.
The Minister said the inspection of the project availed him the opportunity to access the progress of work done by the Foundation in the housing sector, particularly in terms of the method, materials and designs used in the construction of the houses as well as problems encountered by the Foundation in the course of executing the project.
Fashola noted that the estate lacked access road, infrastructure and alternative route that should open up the area to support other private businesses, stating that the Federal Government would liaise with the Nassarawa State government to address these issues.
On his part, the National Director of the Millard Fuller Foundation, Mr. Sam Odia said that the Foundation’s major challenge is funding despite the fact that the foundation enjoys the support of some foreign donors.
The estate comprises 200 numbers of studio apartments (expandable to 1-bedroom) and 200 numbers of 1-bedroom (expandable to 2-bedroom) apartments. They are all targeted at the low income earners whose monthly take homes are between N30, 000 and N70, 000. The 400 housing units would be sold to first time home buyers at owner – occupier basis at N8, 500 per month with long term mortgage.
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Report By: PRNigeria.com