The 10 expectations from CBN’s Family Homes Financing Initiative ( FHFI )
1 To fast track the deployment of 300,000 homes in the 36 states and the Federal Capital Territory.
2 To create up to 1.5 million jobs in five years at the rate of 5 jobs/home.
3 To be implemented in collaboration with Family Homes Fund Ltd (FHFL), as the lead developer.
4 Potential to create a further one million jobs through its supply chain
5 To utilise at least 90 per cent locally manufactured inputs
6 To conserve foreign exchange.
7 To revitalise local manufacture of construction materials including doors and windows, ironmongery, sanitary fittings, concrete products, tiles, glass, electrical fittings/fixtures and bricks.
8 To house up to 900,000 children and adults, at an average of three persons per home
9 To target people on low income level across the country.
10 Funds would be released to FHF on project basis subject to the cumulative maximum limit of N200 billion.
* A project is as cluster of homes in the same geographical location and covered with the same title documents and approvals