Showing posts from March, 2015

Affordable housing: Fashola unveils CHOIS City Estate in Agbowa

By Olasunkanmi Akoni
The initiative which is meant to address the housing deficit in the state witnessed the unveiling of the first phase which comprises 280 two-bedroom semi-detached bungalows and 180 three-bedroom semi-detached houses. Speaking at the event on Wednesday, Fashola disclosed that the project which involves the partnership between the state government and First World Communities to provide 10,000 homes was to complement government’s effort in community development under the Co-operative Home Ownership Incentive Scheme, CHOIS, in such a way that the ability to become a landlord will be tied to the occupant income and prosperity. The governor stated, “The truth is that there are many people in our society who need home and can get loan from their place of work but there is no houses to buy while some people also need the support of government to become the landlord, this is what the Lagos State Mortgage Homes and CHOIS City meant to address. This is our first establishment…

Rising rent, vacant houses, homeless tenants

By Yinka Kolawole

In spite of the huge housing deficit in Nigeria, there are increasing cases of unoccupied houses in major cities across the country. Experts blamed this mostly on soaring cost of renting houses in places such as Lagos, Port Harcourt and Abuja, which are beyond the reach of potential tenants.