FHA partners Nekonini in Galadimawa project

IN a renewed effort to bridge the housing deficit in the country, FHA Homes Limited, Messrs Nekonini Business and Properties Limited, have signed a memorandum of understanding (MOU) on the development of 100 housing units in Abuja.

The project, coming as the second phase of Maccido Estate project, located at Cadastral Zone Co7, Galadimawa District, Abuja. The first phase of the project is the construction of 130 housing units with full infrastructure, was over subscribed and successfully delivered to beneficiaries under the National Housing Fund (NHF).

The proposed 100 units would commence in January, has as its off-takers, staff of Central Bank of Nigeria (CBN), with completion date slated for December 2016.

Speaking on the project, Chairman, Nekonini Business and Properties Limited, Mr. Niran Sule Akinsuyi, stated that the property comprises a three-bedroom detached bungalow, with a price tag of N18 million at a discounted rate of N17million.

In the MOU, FHA is expected to provide mortgage facilities as well as processing of the National Housing Fund (NHF) for the off-takers if they so desire and are able to meet its requirements, while Nekonini Business and Properties Limited will ensure the procurement of all approvals from the relevant government agencies and statutory bodies required for the development of the estate as well as issue offer letter to its interested off-takers.

Infrastructure available at the estate include, road networks, water and power supply, full security, walk ways, among others.