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 of lease-to-own that involves gradual payment in which after 15 years window one will become the ownership.”
He however, noted that such benefit is what democracy can offer when government is accountable to his people. “Agbowa and its environment ensure you collect your voter’s card and vote wisely so as to ensure continuity of this progressive work in the state and vote for change which our party represents.”
On his part, President of First World Communities, Brig Gen Tunde Reis, Retd, said that the first phase of the project which is 10,000 homes is going to be built across the three senatorial districts of Lagos State with the core aim of delivered housing for low and medium income households in sustainable communities through lease-to-own schemes.
“The pilot project, CHOIS Garden, which was developed at Abijo Government Reservation Area, GRA along the Lekki-Epe Expressway is to have over 2,000 homes with over 500 already built and allocated. Agbowa target is 4,000 homes, Epe-Ibeju is 1,000 while Badagry axis is to cover 3,000 homes. All in such a way that ability to avoid it is tied to once income and continued prosperity.”
Speaking on the benefit of newly commissioned CHOIS City at Agbowa, Reis said that once the prospective buyers pay 10 per cent of the total purchase price, he/she is entitled to move into the house. “This initial deposit is expected to be funded from personal savings and on the completion of payment the title passes on to the buyer.
“The estate is accessible from Central Lagos via Epe, and from Ikorodu via Itoikin. Agbowa is about 30 kilometers from Ikorodu town and the estate could be reached from Agbowa through Lateef Jakande way on either of Agbowa city centre or Community Grammer School, Owu-Ikosi in close proximity off the Itoikin Road. Access is also possible to the site through the Lagos Lagoon from Ijede in Ikorodu, Badore and Victoria-Island.
“The estate is to have 4,000 housing units on about 200 hectares of land with associated infrastructure and amenities. The first phase of development comprising 460 homes of two and three bedroom semi-detached bungalows and interested person can apply to Lagos CHOIS LP for membership”, he stated.
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