Get Guardian on GoogleThe Chairman of Family Homes Funds Limited (FHFL), Mr. Ademola Adebise has stated explicitly that they are all on mission to build better ecosystem for the housing finance and market and serve as key institution advancing affordable homes in Nigeria.
Adebise made the assertion at the media parley in Abuja, explaining that the new corporate identity is reflecting its evolution into a broader housing finance platform and its continued commitment to addressing Nigeria’s estimated 15-million-unit housing deficit.
He declared that the new identity, represents FHFL’s expanding role in mobilising capital, structuring housing finance solutions and building partnerships that enable affordable housing delivery and create jobs and widen access to homeownership across Nigeria.
“Since commencing operations, we have financed more than 15,900 homes, created 104,000 direct and indirect jobs and established a presence across 70 project sites in 19 states and the FCT.
The institution also has more than 18,000 homes in its development pipeline, reflecting its ongoing efforts to scale housing delivery through sustainable financing and strategic partnerships.”
On the significance of the new identity, the Chairman said the organisation’s evolution reflects the importance of building a stronger housing finance system capable of delivering lasting social and economic value in the country.
“Access to decent, affordable housing remains a critical development priority for Nigeria. Addressing the scale of the challenge requires institutions that can mobilise capital, strengthen partnerships and create the conditions for housing delivery at scale,” he added.
“FHFL has an important role to play in this process, and its new brand reflects our ambition to deepen that role and deliver greater value to Nigerian families and the wider economy.
Its work spans construction financing for affordable homes, mortgage financing for eligible homebuyers, purpose-built rental housing, including student accommodation, land and infrastructure development, and social housing initiatives for vulnerable communities.”
According to him, through these solutions, the institution works with government, private developers, financial institutions and development finance partners to expand housing supply and improve access to affordable financing.
Speaking also on the strategic direction behind the rebrand, Managing Director and Chief Executive Officer of FHFL, Mr. Abdul Mutallab Mukhtar, said the new identity reflects the organisation’s growth and its projections for the coming years, adding, since 2018, FHFL has evolved in its operations.
Mukhtar explained,our previous identity served us through the early years of our operations, and our growth has created the need for a brand that reflects the organisation we have become, where we are today and where we want to be.
“While we initially relied heavily on government funding, he added,we have since expanded our funding base to include private capital, and other funding sources. Our new identity reflects this evolution and the broader role we are building within Nigeria’s housing finance landscape.
“Looking ahead, our projection for the next three to five years is to establish FHFL as a more resilient, well-structured and key player among Nigeria’s development finance institutions, with the capacity to mobilise capital, build strategic partnerships and contribute meaningfully to addressing the country’s housing deficit,” he said.
He noted that its impact extends across its Affordable Housing Fund, Home Ownership Fund, Rental Housing Fund, Land and Infrastructure Development Fund, and Social Housing Programme.
