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FHF, C-STEMP seal deal on affordable housing, jobs creation

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A new partnership deal has been brokered between Federal government housing intervention programme – Family Homes Funds (FHF) and Construction Skills Training and Empowerment Project Ltd/Gte C-STEMP to enhance the capacity of certified artisans to meet industry standards.

Under the Memorandum of Understanding (MoU) signed by both parties, FHF and C-STEMP will provide affordable and quality homes while creating jobs for highly qualified persons.

The MOU falls in line with FHF empowerment programmme, which recognizes the need to incorporate training, assessment and certification as a condition for beneficiaries to access its programs and to ensure that only skilled labour are utilized on its projects.

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Through strategic partnerships with various players in the housing sector and some of the world’s leading Development Finance Institutions, Family Homes Funds has an ambitious commitment to facilitate the construction of 500,000 homes by 2024 and whilst doing that enable the creation of at least 1,500,000 direct and indirect jobs.

As part of this commitment, the FHFL is seeking to work with developers to create vocational jobs and empowerment programs and products for low to medium-income earners currently in or potentially interested in building a career in the construction trades.

Meanwhile, FHF has bagged Affordable Housing Promoter of the Year Award at the just concluded 2019 Nigeria Housing Awards (NHA). The prestigious award is in recognition of ongoing affordable housing projects being financed by the fund for low and middle income earners across the country.

While receiving the award, Adewole expressed his appreciation to organisers of the Nigeria Housing Awards and commended his team and partners in the housing sector for chasing the much needed dream of ensuring that Nigerians, irrespective of their income level, can have access to one of their most important needs – shelter.

In partnership with the Central Bank of Nigeria, Ministry of Finance and international financial institutions, FHF has become a pivotal force in delivering affordable housing to Nigerians through multiple schemes including Help-to-own, Rent-to-own, affordable and flexible mortgage plans among others.

The Funds has so far developed at least 1000 homes with another 3000 at different stages of development. They have been able to create about 1400 jobs through these projects. Over 500 units have been completed in Nasarawa state, 750 in Kano, 650 in Delta and many more all over the country.

The NHA marked the end of the 13th Abuja International Housing Show, which hosted over 30 international speakers from at least 15 countries. The award, which was held last month celebrated a number of excellent performers in the industry in the year under review

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