Family Homes Funds Limited (FHFL) has unveiled a new corporate identity as it expands its housing finance operations to address Nigeria’s estimated 15 million-unit housing deficit.

The institution said the rebranding reflects its evolution into a broader housing finance platform focused on mobilising capital, developing financing solutions and strengthening partnerships to increase access to affordable housing across the country.

Since commencing operations in 2018, FHFL said it had 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 Federal Capital Territory (FCT).

The institution added that more than 18,000 homes were in its development pipeline as it seeks to scale up housing delivery through sustainable financing and strategic partnerships.

FHFL Targets Greater Impact In Housing Finance

Speaking at the unveiling, FHFL Chairman Ademola Adebise said access to decent and affordable housing remained a critical development priority for Nigeria.

He stressed the need for stronger institutions capable of mobilising capital and supporting large-scale housing delivery.

According to him, the new corporate identity reflects FHFL’s ambition to deepen its role in the housing sector and deliver greater social and economic value to Nigerian families.

Managing Director and Chief Executive Officer Abdul Mutallab Mukhtar said the organisation had expanded beyond its initial reliance on government funding to attract private capital and other funding sources.

He said FHFL was repositioning itself to become a more resilient and strategically important player among Nigeria’s development finance institutions over the next three to five years.

Mukhtar explained that the estimated 15 million-unit housing deficit was based on a recent assessment involving government agencies, private sector stakeholders and development partners.

He added that further research was necessary to identify affected households’ specific needs, including their locations, income levels, homeownership aspirations and ability to afford housing.

According to him, the findings would help the institution develop more effective interventions to address the country’s housing challenges.

State Partnerships To Improve Housing Affordability

Mukhtar identified partnerships with state governments as essential to reducing housing costs, particularly through access to land, infrastructure provision and concessionary financing.

He said FHFL works with state governments and private developers to provide financing on more favourable terms, helping reduce development costs and improve the affordability of completed homes.

The institution operates through five major programmes: the Affordable Housing Fund, Home Ownership Fund, Rental Housing Fund, Land and Infrastructure Development Fund, and Social Housing Programme.

Under its homeownership financing model, FHFL partners with primary mortgage lenders to provide blended financing to eligible homebuyers.

Mukhtar said the arrangement could reduce mortgage pricing to about 15 per cent or lower, depending on the applicable terms and repayment arrangements.

He also disclosed that the institution’s loan portfolio had exceeded ₦100 billion, with its facilities performing. He attributed the performance to its lending standards and due diligence.

Social Housing Supports Vulnerable Households

On social housing, Mukhtar said FHFL had adopted a model that combines housing provision with livelihood support for vulnerable households unable to secure conventional housing loans.

He cited a project in Kaduna involving 100 semi-detached bungalows provided for women, including widows. The project also includes skills training and other livelihood initiatives to help beneficiaries sustain themselves.

FHFL has also supported social housing development in Ibadan and is working towards extending similar interventions to other communities.

The approach seeks to address housing needs while supporting beneficiaries’ ability to maintain their livelihoods.

FHFL Expands Student And Rental Housing

Executive Director of Operations Dr Emeka Henry Inegbu said the institution was expanding its support for student accommodation and other rental housing projects.

He disclosed that FHFL had funded 12 student accommodation locations, with construction ongoing at 10 sites.

Two completed projects in Akwa Ibom and Delta states were expected to be commissioned in the coming weeks.

Inegbu said the projects were being developed in partnership with the private sector to improve accommodation for students and young professionals.

He also highlighted FHFL’s investment in land and infrastructure development, noting that roads, drainage, electricity and water supply were essential to creating viable and sustainable housing communities.

According to him, the institution supports housing developments through partnerships with state governments and private developers across Nigeria’s six geopolitical zones.

Climate-Resilient Housing And Sustainable Development

Inegbu said FHFL was exploring climate-resilient building methods and energy-efficient technologies to improve living conditions and reduce the long-term cost of maintaining homes.

These initiatives form part of the institution’s broader efforts to support sustainable housing development and improve the quality of residential communities.

FHFL said its new corporate identity would support its drive to expand affordable housing delivery, strengthen partnerships across the housing value chain and attract more investment into solutions for Nigeria’s housing challenges.

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Akwa Ibom Housing Projects Reach 1,048 Units Across Six Locations

The Akwa Ibom State Government has acquired and earmarked about 150 hectares of land across six locations for housing development, with 1,048 housing units currently at various stages of completion and delivery.

The Commissioner for Housing, Dr Henry Archibong, disclosed this during a ministerial media briefing, explaining that the state’s housing programme under Governor Umo Eno is focused not only on constructing homes but also on developing affordable, sustainable and economically viable communities.

According to Archibong, the housing programme is aligned with the administration’s ARISE Agenda and the United Nations Sustainable Development Goal 11, which promotes inclusive, safe, resilient and sustainable cities and communities.

He said the ministry’s vision was to become a model institution for effective service delivery by promoting operational efficiency and making optimal use of resources to provide decent, quality and affordable housing.

The commissioner explained that the statutory responsibilities of the Ministry of Housing include formulating and implementing policies for the design, construction and maintenance of public buildings, developing residential housing policies, vetting and approving building drawings, valuing buildings for government purposes and managing state-owned properties in Uyo, Lagos, Abuja and other parts of the country.

Key housing projects across the state

Archibong identified several major housing projects being implemented by the state government, including Aviation Village Phase 1, Doctors’ Residence at Ibom Medical City, Executive and Legislative Quarters, Judiciary Quarters and the ARISE City Social and Affordable Housing Estate.

The Aviation Village Phase 1 occupies about 15.072 square metres of fenced land and comprises 100 housing units, made up of 50 two-bedroom and 50 three-bedroom apartments.

The project is 98 per cent complete.

Five of the units have already been allocated to the Ministry of Aviation to accommodate officials and visitors from the Federal Ministry of Aviation involved in project supervision.

The estate also has a model primary school, a 70,000-litre water facility with reticulation, a 7.13-kilometre road network, electricity infrastructure, a police station and a solar-powered closed-circuit television system.

Archibong said Governor Eno had directed that a secondary school be included in the second phase of the development.

At Ibom Medical City, the Doctors’ Residence covers 11.8 hectares and comprises 50 three-bedroom bungalows and 50 four-bedroom terrace duplexes.

The development also includes a model school and recreational facilities and is currently about 70 per cent complete.

The Judiciary Quarters, located along Idongesit Nkanga Avenue, Ring Road 3, occupies 6.3 hectares.

The project consists of 50 four-bedroom duplexes, each with two boys’ quarters, as well as a recreational centre and conference hall. It is also about 70 per cent complete.

Other housing interventions

The commissioner also listed several other housing interventions being undertaken by the administration.

These include the 500 ARISE Compassionate Homes programme, of which 438 units have been completed and delivered.

The government has also developed 236 units of flats at Grace Estate, with 150 of the units allocated to civil servants.

Other projects include 35 duplex units at Ewet Luxury Garden and 31 residences for local government chairmen, which are currently under construction.

Earlier reports from the state government had also put the total number of housing units delivered or under development at more than 1,048, including the Compassionate Homes, Grace Estate, Aviation Village, Medical Residences, government quarters, Ewet Luxury Garden and local government chairmen’s residences.

Housing projects create jobs

Archibong said the housing programme was also contributing to economic activity across the state.

According to him, between 5,000 and 6,000 people are benefiting directly and indirectly from the projects through employment and related services.

He said artisans and labourers working on the projects earn between N7,000 and N12,000 daily.

“Housing is both a social intervention and an economic development tool. It is the single most important facilitator of economic growth,” Archibong said.

The commissioner explained that the impact of the projects extended beyond the provision of accommodation because construction activities were generating employment and supporting businesses involved in building materials, transportation, skilled labour and other ancillary services.

Government plans facelift for Ewet Housing Estate

Archibong also disclosed that Governor Eno had constituted a committee to assess the Ewet Housing Estate and recommend measures to improve its physical condition and security architecture.

He said the committee had completed its assessment and submitted its report to the government.

The intervention is expected to address concerns around the estate’s infrastructure and security while improving the overall living environment for residents.

Government seeks stronger housing partnerships

Despite the number of projects underway, Archibong acknowledged that the state still faced a significant housing deficit.

He said government could not address the challenge alone and would therefore continue to strengthen collaboration with mortgage institutions, professional bodies and private developers.

The partnerships are expected to improve access to housing finance and support the expansion of affordable housing supply across the state.

The commissioner said the government’s approach was to combine public-sector housing interventions with private-sector participation and stronger financing mechanisms to reach more residents.

The state’s housing programme forms part of the wider ARISE Agenda, with the government positioning housing development as both a social welfare intervention and a means of stimulating economic activity.

With about 150 hectares earmarked across six locations and 1,048 housing units at various stages of development or delivery, the administration is continuing to expand its housing programme while seeking additional partnerships to address the state’s housing needs.

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Family Homes Funds Limited (FHFL), in partnership with Post-Service Housing Development Limited (PHDL) and the National Agency for Science and Engineering Infrastructure (NASENI), has commissioned 50 energy-efficient homes for the spouses of Nigeria’s fallen military personnel in Ibadan, Oyo State.

The two-bedroom detached homes are located at the PHDL Pacesetter Estate in the Akobo area of Ibadan and were delivered as part of an intervention aimed at providing secure and dignified accommodation for families of military personnel who died in service.

The commissioning brought together representatives of the Federal Government, Nigerian Army, development partners and other stakeholders.

Representing the Managing Director and Chief Executive Officer of FHFL, Abdul Mutallab Mukhtar, the Executive Director, Operations, Dr Henry Emeka Inegbu, said the initiative was designed to provide stability and security for the families of fallen heroes.

He said the intervention went beyond providing physical structures, noting that FHFL also planned to support the beneficiaries with skills development and livelihood opportunities to strengthen their economic independence.

“This initiative is about providing the wives of our fallen heroes with the security and stability that comes with having a home of their own,” Inegbu said.

He said the husbands of the beneficiaries had given their lives in service to Nigeria and that the country had a responsibility to provide meaningful support to the families they left behind.

According to him, the project reflects FHFL’s approach of combining housing delivery with sustainability and broader social impact.

The homes were formally commissioned on behalf of the Chief of Army Staff, Lieutenant General Waidi Shaibu, by the General Officer Commanding, 2 Division, Nigerian Army, Major General Auwalu Mahmuda.

Representing the Chief of Army Staff, Mahmuda reaffirmed the Nigerian Army’s commitment to initiatives that support the families of fallen personnel.

He said the Army recognised the sacrifices made by its personnel and would continue to support interventions that provide housing and other forms of assistance to their families.

According to him, the homes would provide the beneficiaries with greater security, stability and dignity while acknowledging the sacrifices made by their husbands.

He commended FHFL and PHDL for bringing the project to completion and acknowledged the contributions of the other partners involved.

Homes equipped with solar power and other facilities

The housing project incorporates energy-efficient features and supporting infrastructure intended to improve living conditions for the beneficiaries.

FHFL said the homes were equipped with solar power systems, while the estate also has solar-powered streetlights, industrial boreholes and a water distribution system.

The provision of the infrastructure is intended to ensure that beneficiaries have access to basic services alongside the housing units.

The project was delivered through collaboration between the Nigerian Army, PHDL and FHFL, with NASENI also contributing to the initiative.

PHDL Managing Director and Chief Executive Officer, Major General Kevin Ukandu, said the project represented more than the provision of accommodation.

He said the homes were intended to give widows and their families a foundation of security, stability and dignity as they rebuild their lives after losing their loved ones.

Ukandu also reaffirmed PHDL’s commitment to working with government agencies, state governments and other partners to deliver housing interventions that support military personnel, veterans and their families.

Skills development planned for beneficiaries

In addition to homeownership, the project includes plans to provide skills development and livelihood support for the beneficiaries.

FHFL said the programme would help equip the women with economic skills and create opportunities for greater self-reliance.

Inegbu said the organisation’s support for the beneficiaries would therefore extend beyond the handover of the houses.

The aim, he said, was to help the families build sustainable livelihoods while having access to secure homes.

The project aligns with FHFL’s broader social housing mandate of expanding access to quality and affordable housing, particularly for vulnerable households.

Keys presented to beneficiaries

The commissioning included the presentation of keys to the beneficiaries, with the widows receiving their homes amid expressions of appreciation.

Speaking on behalf of the beneficiaries, Mrs Grace Abiodun Adenodi thanked the Nigerian Army, the Chief of Army Staff, PHDL and FHFL for the intervention.

She said the gesture demonstrated that the sacrifices made by their late husbands had not been forgotten.

The project also provided housing support to a soldier who was wounded in the line of duty. A housing unit was presented to Lance Corporal Olufemi Olalekan, who sustained facial injuries from an improvised explosive device.

The commissioning of the 50 homes follows earlier discussions between FHFL and PHDL on expanding their partnership in housing development and welfare interventions for military personnel and their families.

PHDL had previously said the partnership could be replicated in other locations as part of efforts to provide additional housing support to military families.

The Ibadan project therefore combines social housing, energy efficiency and welfare support in an intervention targeted at families who lost loved ones in military service.

The post 50 Ibadan Homes Delivered to Families of Fallen Military Personnel appeared first on Housing TV Africa.

About 430 staff members of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) are set to benefit from a housing initiative under the Federal Government’s Renewed Hope Housing Programme.

The Minister of Housing and Urban Development, Engr. Dr. Muttaqha Rabe Darma, disclosed this on Wednesday in Abuja during the presentation of houses to the beneficiaries.

Darma said the initiative formed part of efforts to make home ownership more affordable for Nigerian workers and reduce the burden of rent on household incomes.

FG Targets 40–60% Rent Burden

The minister said the government was working to ensure workers no longer spend between 40 and 60 per cent of their income on rent.

“We are going to assure that in this country workers don’t spend 40 to 60 per cent of their income on rent,” Darma said.

He said reducing the amount workers spend on accommodation would ease financial pressure and allow families to meet other basic needs.

Darma also linked the high cost of housing to broader economic challenges, saying excessive housing costs could indirectly create incentives for corruption.

FG Targets 250,000 Abandoned Housing Units

The minister said the government was also reviewing abandoned housing projects nationwide as part of efforts to increase the country’s housing stock.

According to him, about 250,000 housing units in abandoned projects could potentially be recovered and made available to Nigerians, including civil servants.

“We are taking stock of them. We are taking statistics. We are moving to each and every state where we have these abandoned properties,” he said.

Darma said the Federal Government was engaging state governors on the possibility of taking over or acquiring some abandoned projects for allocation to civil servants and other Nigerians.

He also identified the rising costs of land, building materials and infrastructure as major challenges facing prospective homeowners.

Social Housing Programme to Cover 774 LGAs

The minister said the government was exploring financing options, including the National Housing Fund and mortgage facilities, particularly for workers in the informal sector.

He added that the planned social housing programme would target communities across the country, including the 774 local government areas.

The initiative is expected to involve partnerships among federal institutions, state governments, mortgage institutions, developers and private investors.

Darma urged government agencies and stakeholders to focus on delivering actual housing projects rather than limiting efforts to policy announcements.

430 NMDPRA Staff to Benefit

Speaking at the ceremony, NMDPRA Chief Executive Mallam Rabiu Abdullahi Umar said the authority was committed to improving staff welfare through initiatives that enhance productivity and wellbeing.

He said access to housing would provide greater security and stability for beneficiaries while strengthening their commitment to their responsibilities.

The NMDPRA chief commended the Federal Government, Ministry of Housing and Urban Development, Federal Mortgage Bank of Nigeria (FMBN) and other partners involved in the programme.

The President of the NMDPRA Staff Cooperative Society, Abdullahi Danladi Auta, described the housing allocation as a significant milestone.

Auta said about 430 NMDPRA workers would benefit from the initiative, with projects located in Abuja, Kano and Lagos.

365 Housing Units Earmarked for Abuja

The Chief Commercial Officer of Renewed Hope SPV Limited, Dare Makinde, said the first phase would provide different categories of housing units to NMDPRA staff.

The houses include two-bedroom and three-bedroom flats, as well as three-bedroom terraces with boys’ quarters and other categories across the project locations.

Makinde said 365 housing units were earmarked for Abuja, with additional units to be delivered in Kano and Lagos.

He also disclosed that the second phase of the project would commence in the coming year.

FMBN Managing Director Shehu Usman Osidi congratulated the beneficiaries and commended the partnership between NMDPRA, the Renewed Hope Housing Programme and other stakeholders.

He said the initiative demonstrated how collaboration could expand access to affordable housing and create more opportunities for workers to become homeowners.

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Kenya Plans Affordable Homes for Ageing Parents of Citizens Abroad

The Kenyan government is planning to develop new housing units under its Affordable Housing Programme specifically for ageing parents of Kenyans living abroad.

Housing Principal Secretary Charles Hinga announced the proposal on Tuesday, September 22, during a meeting with Kenyans living in New York, United States.

According to Hinga, the planned housing developments are intended to address concerns raised by members of the Kenyan diaspora who want their ageing parents back home to have access to better housing settlements and essential services, particularly healthcare. 

Hinga said the proposal followed discussions with Kenyans abroad about the difficulties they face in caring for elderly parents while living and working outside the country.

He explained that some diaspora Kenyans had identified the welfare of their ageing parents as one of their major concerns.

“Last time, you asked that your biggest challenge as a diaspora is that you want to take care of your parents back home. Some of them have become old, and you want them to live in settlements where there is better health care,” Hinga said. 

He added that the government wants to develop housing communities where elderly residents could also have access to healthcare professionals.

“So we want to start putting up homes under our affordable housing program where you can even have nurses, doctors and all those other things so that now you can be able to put your parents,” the PS said. 

The proposed initiative would give Kenyans living abroad another option for securing accommodation for their parents while they remain overseas.

Rather than simply providing residential units, the proposed developments would incorporate essential services such as healthcare, allowing elderly residents to live in communities designed with their needs in mind.

Hinga said the Affordable Housing Programme is being expanded to serve Kenyans across different income groups.

The proposal comes as the government continues to implement its wider affordable housing programme across the country. 

Funding challenges remain

The announcement comes amid concerns over delays affecting some projects under Kenya’s Affordable Housing Programme.

A Parliamentary Budget Office report cited by Kenyans.co.ke indicated that more than 176 government projects had stalled because of delayed payments to contractors.

The stalled projects reportedly represented about 15 per cent of projects under construction.

According to the report, the affected projects included 16 affordable housing projects, 22 social housing and slum upgrading projects, 91 institutional and student housing projects, as well as 47 social and physical infrastructure projects. 

The delays were linked to a reported Ksh118.3 billion funding shortfall.

The funding challenge has emerged despite the government collecting Ksh205.7 billion through the housing levy since it was introduced in 2023.

The figures have raised questions about the pace at which funds collected through the housing levy are being converted into completed housing and related infrastructure projects. Kenyans.co.ke attributed the concerns to reporting by Bloomberg. 

The government is also reviewing the prices of affordable housing units, with new prices expected to be announced on October 1.

The review could affect how the programme is accessed by different categories of beneficiaries as the government continues to adjust the implementation of its affordable housing strategy. 

Housing and healthcare for elderly residents

The proposed housing scheme for ageing parents represents a specialised component of the government’s broader affordable housing strategy.

For Kenyans living abroad, securing suitable accommodation and care for elderly parents can be challenging, particularly when they live thousands of kilometres away.

The proposed model seeks to address both accommodation and access to basic services by locating elderly residents in planned settlements where healthcare workers and other essential services could be available.

The initiative would also give diaspora Kenyans the opportunity to secure homes for their parents through a structured government housing programme while continuing their employment and lives outside Kenya. 

The proposal is part of a wider government effort to expand affordable housing delivery and provide homes to Kenyans across different income categories.

Kenya’s Affordable Housing Programme has also been positioned as a means of increasing access to decent housing while supporting employment and economic activity through construction and related industries.

The government has continued to encourage eligible Kenyans to register for available units through the Boma Yangu platform. 

The proposed elderly housing developments would add another target group to the programme, with the specific focus on ageing parents of citizens living abroad.

However, the government’s ability to implement the new proposal will come alongside the existing challenge of completing stalled housing projects and resolving funding and contractor payment issues.

As Kenya reviews the cost of its housing units and continues expanding the Affordable Housing Programme, the proposed diaspora-focused housing option will depend on how the government structures the developments, healthcare services, financing arrangements and eligibility requirements.

For Kenyans abroad, the proposal could provide a formal housing option for parents who require more suitable accommodation and easier access to healthcare as they grow older.

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Joint ventures between governments and private developers are helping to increase Nigeria’s housing supply. However, experts say many of these projects still fail to reach low- and middle-income Nigerians.

Under a typical joint venture, government provides land and sometimes infrastructure. The private developer provides funding, construction skills and project management.

The model can reduce the burden of land acquisition. Yet the commercial structure of many projects often pushes house prices beyond what ordinary workers can afford.

High costs push up house prices

Private developers need to recover their construction and financing costs. They also need to make a profit. Government may also expect financial returns from the public land contributed to the project.

These costs eventually affect the selling price of the homes.

Rising construction costs have made the situation more difficult. Cement, steel, fittings and other building materials now account for a large share of development costs.

High financing costs add another burden. Developers who cannot access cheaper funds often depend on commercial bank loans. They then pass part of the financing cost to buyers.

Mortgage access remains a major barrier

Access to mortgages also limits the reach of JV housing projects.

Many low-income Nigerians work in the informal sector. Some have irregular incomes and cannot meet the requirements of formal mortgage providers.

Even when they qualify for loans, high interest rates and short repayment periods can make monthly payments too expensive.

As a result, many homes described as affordable eventually attract middle- and high-income buyers, investors and Nigerians living abroad.

Government support needs to go beyond land

Toye Eniola, Executive Secretary of the Association of Housing Corporations of Nigeria (AHCN), said the growing reliance on JVs had weakened social housing delivery.

According to Eniola, private developers naturally focus on recovering their investments and making profits. That approach makes higher-income markets more attractive than low-income housing.

He also said government-backed projects often face delays because of disagreements between partners and difficulties in securing funds.

Eniola argued that government must support social housing through land, infrastructure and cheaper finance. He also raised concerns about delays in accessing funds through housing finance institutions and government-backed programmes.

Construction costs squeeze developers

Olajide Dosunmu, Managing Director of Noble Grounds Limited, described JVs as a useful model but said high construction costs remained a major challenge.

He noted that cement plays an important role in several stages of construction. Dosunmu said the price of cement had increased from about N9,500-N10,000 to an average of N13,000-N14,000 over the six months referenced.

The higher costs make it harder for low-income buyers to meet mortgage payments.

Dosunmu said developers often prefer middle- and higher-income areas because homes sell faster in those markets. This allows developers to recover their costs more quickly.

He also warned that efforts to reduce construction costs in low-income areas could create pressure to lower building standards. Such compromises, he said, could affect the structural quality of housing.

Infrastructure subsidies could reduce costs

Dosunmu urged governments to provide infrastructure in areas selected for JV housing projects.

Roads, drainage, water supply and other basic infrastructure can add significantly to development costs. Government investment in these areas could reduce the amount developers need to spend before selling the homes.

He argued that government could also benefit from increased economic activity and tax revenue as new communities develop.

JVs still help unlock land

Rogba Orimalade, former Chairman of the Lagos branch of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), said JVs remained an important tool for property development.

He noted that developers can use partnerships to gain access to land and create more housing units.

However, Orimalade said high land and development costs continue to exclude low-income households from many JV projects.

He called for lower development charges, approval fees and consent costs. Reducing these expenses, he said, could encourage developers to increase housing supply.

Clearer rules needed for affordable housing

Experts say successful JVs require clear agreements between government and private partners.

Such agreements should define each party’s responsibilities, project timelines, funding arrangements, risks and profit-sharing terms. Clear rules can also reduce disputes that delay construction.

However, affordability must remain a central part of the arrangement. Government land and other public incentives should come with clear targets for the number and price of affordable homes.

Nigeria needs more housing, but supply alone will not solve the affordability problem. If JV projects continue to focus mainly on buyers who can pay market prices, low-income households will remain excluded.

A stronger approach would combine public land with infrastructure support, cheaper finance, lower development charges and workable mortgage arrangements. Such measures could help government-private partnerships serve not only the property market, but also Nigerians who need affordable homes most.

The post Why Government JVs Struggle to Deliver Affordable Housing in Nigeria appeared first on Housing TV Africa.

The UK government has unveiled a £442 million housing support package aimed at helping people sleeping rough move off the streets before Christmas, as Prime Minister Andy Burnham steps up efforts to tackle the country’s homelessness crisis.

The programme will provide emergency accommodation and longer-term housing support across England, with areas experiencing the highest levels of homelessness and housing pressure expected to receive the largest share of the funding.

Burnham said no one should have to sleep in doorways or outside railway stations, arguing that the scale of rough sleeping should not be accepted as normal in one of the world’s largest economies.

The announcement comes amid a significant increase in rough sleeping across England.

Government figures show that 4,793 people were sleeping rough in England in 2025, the highest figure recorded.

However, rough sleepers represent only a fraction of the country’s wider homeless population.

Housing charity Shelter estimated that about 382,000 people were homeless in England in 2025. This broader figure includes people living in temporary accommodation, families and children without permanent housing, and people without secure tenure.

The figures highlight the difference between rough sleeping and the wider housing crisis.

While getting people off the streets is an immediate priority, the larger challenge involves providing enough affordable and secure housing to prevent people from becoming homeless in the first place.

The £442 million programme will not be limited to emergency accommodation.

The government said the funding will also support the creation of more than 1,000 permanent homes over the next three years.

Housing Secretary Angela Rayner said the government was acting urgently to help people leave the streets, move into secure homes and access the support required to rebuild their lives.

The approach reflects an important principle in homelessness policy. Emergency accommodation can provide immediate protection, but permanent housing is needed to create long-term stability.

Burnham pointed to the UK’s response during the COVID-19 pandemic as evidence that government can move people sleeping rough into accommodation quickly when there is sufficient political will.

He argued that a similar effort could be mounted again to address the current crisis.

The government also plans to hold its first national summit dedicated specifically to tackling rough sleeping later this year.

Local leaders, including mayors, will be expected to play a major role in implementing the programme before Christmas.

Although the government has allocated £442 million, Burnham acknowledged that the funding may not be enough to completely achieve the target.

He has therefore called on wider society, including faith organisations and community groups, to contribute to the effort.

The programme is expected to be funded from the existing housing ministry budget rather than through a newly announced funding source.

This has already attracted criticism from opposition parties, with Conservative housing spokesman James Cleverly questioning how the government intends to deliver and finance the commitment.

Homelessness charities broadly welcomed the announcement, particularly the commitment to combine emergency accommodation with longer-term housing.

However, concerns remain over whether the programme will address the structural causes of homelessness.

Housing affordability, limited housing supply, insecure tenancies, rising rents and pressure on local authorities can all contribute to people losing stable accommodation.

Without addressing those underlying factors, emergency interventions risk treating the symptoms rather than the cause.

The UK’s homelessness figures demonstrate that housing crises are not limited to developing economies.

Even countries with large economies can struggle when housing supply, affordability and household incomes fall out of balance.

For policymakers, the challenge is therefore twofold. Governments must respond quickly to people already experiencing homelessness while also increasing the supply of affordable and secure homes.

The UK’s latest programme attempts to do both by combining immediate accommodation with funding for permanent housing.

Its success, however, will ultimately depend on whether those leaving the streets can move into stable, affordable homes rather than simply temporary accommodation.

The post UK PM Unveils Housing Plan to Get Rough Sleepers Off Streets appeared first on Housing TV Africa.

The housing affordability crisis confronting Nigeria and many African countries cannot be solved merely by increasing the number of houses constructed.

Housing becomes affordable when the entire financial architecture supporting its production, purchase and rental is deliberately structured for affordability.
Experience from the United States, United Kingdom, Canada, Singapore and Malaysia demonstrates that governments rarely expect low- and middle-income households to purchase homes produced entirely with expensive commercial land, commercial infrastructure, commercial development finance and commercial mortgages.

Instead, governments intervene at different points in the housing value chain.
They subsidise land.
They provide capital grants.
They supply infrastructure.
They offer low-interest development finance.
They guarantee mortgages.
They provide tax incentives to private investors.
They support social and affordable rental housing.
They give direct assistance to qualifying households.
They leverage government resources to attract much larger volumes of private and institutional capital.
The central finding of this report is therefore:
Affordable housing is created by affordable finance.
The United States relies heavily on tax credits, federal housing programmes, rental assistance and a sophisticated private housing-finance market.

The United Kingdom combines large-scale government grants with housing associations, local authorities, borrowing and private institutional capital.
Canada uses federal funding, concessional finance and partnerships with provinces, territories and municipalities.

Singapore integrates public land management, public housing development, household grants, compulsory savings and specialised housing loans.
Malaysia combines direct public housing programmes, construction subsidies, government-backed housing credit guarantees and public-private delivery mechanisms.
Nigeria does not need to copy any single country.

The stronger strategy would be to combine suitable elements from each model into a Nigeria Affordable Housing Finance Framework adapted to the country’s income structure, federal system, large informal economy and housing deficit.

1. INTRODUCTION: WHY AFFORDABLE HOUSING IS REALLY A FINANCE QUESTION
Governments frequently announce affordable housing programmes by stating the number of houses they intend to construct.
But the more important questions are:
Who finances the land?
Who pays for infrastructure?
At what interest rate does the developer obtain construction finance?
How much equity must the developer contribute?
At what interest rate does the eventual purchaser borrow?
What happens to households that cannot qualify for conventional mortgages?
How are low-income households that should rent rather than purchase supported?
If these questions are not addressed, calling a development “affordable housing” does not make it affordable.

A developer who:
* purchases land commercially;
* finances infrastructure;
* borrows construction money at high interest;
* purchases expensive building materials;
* pays taxes and development charges;
* bears approval delays; and
* must recover capital and earn a reasonable return
cannot simply reduce the selling price because government labels the project affordable.
The countries examined in this report demonstrate a different approach.
They intervene before the house reaches the household.

2. UNITED STATES: USING TAX POLICY AND PRIVATE CAPITAL
The United States provides an important example of how government can stimulate affordable housing without directly constructing every home.
One of the country’s most significant affordable rental housing instruments is the Low-Income Housing Tax Credit, or LIHTC.
HUD describes LIHTC as the most important resource for creating affordable rental housing in the United States. State and local allocating agencies currently receive the equivalent of approximately US$12 billion in annual budget authority to issue credits supporting the acquisition, rehabilitation or construction of rental housing targeted at lower-income households. (HUD User⁠)
How the tax-credit mechanism works
Instead of government paying the entire construction cost:
Government creates a tax credit.
The credit is allocated to an eligible affordable housing project.
Investors provide equity to the project in return for the tax benefits.
The developer therefore needs less conventional debt.
Lower debt reduces the amount of rental income required to service financing.
That makes lower rents more financially feasible.
The important lesson is:
Government can finance affordable housing through the tax system, not only through direct budget expenditure.
This is particularly relevant to Nigeria.
Rather than depending entirely on annual housing appropriations, government could provide carefully designed tax incentives to pension-backed investment vehicles, banks, insurance companies, REITs and other qualified investors financing certified affordable rental projects.

3. THE AMERICAN MODEL ALSO SUPPORTS THE HOUSEHOLD
The United States demonstrates another important distinction in housing policy:
Supply subsidy versus demand subsidy.
A supply-side subsidy makes housing cheaper to produce.
A demand-side subsidy increases the household’s ability to pay.
America uses both.
Rental assistance programmes help eligible households meet rental costs, meaning government does not assume that every low-income household should immediately become a homeowner.
This is a critical lesson for Nigeria.
An effective national housing policy needs:
homeownership housing;
affordable rental housing;
social rental housing;
student and youth housing;
elderly housing;
worker housing;
and other tenure options.
Homeownership cannot be the only measure of housing success.

4. UNITED KINGDOM: CAPITAL GRANTS PLUS HOUSING PROVIDERS
The United Kingdom provides a strong example of using public money to reduce the capital cost of affordable housing.
Housing policy is devolved, so arrangements differ among England, Scotland, Wales and Northern Ireland. This report focuses principally on England.
The government’s Social and Affordable Homes Programme 2026–2036 is a ten-year programme valued at £39 billion. (GOV.UK⁠)
Homes England is responsible for at least £27 billion of this funding outside London. (GOV.UK⁠)
The programme provides grant funding to support the capital cost of developing affordable housing for rent or sale. (GOV.UK⁠)
Why capital grants matter
Consider an illustrative affordable housing development costing £100 million.
If government provides £35 million as capital grant, the housing provider does not need to finance the entire £100 million through commercial borrowing.
It may finance the balance through:
* its own capital;
* bank borrowing;
* bonds;
* institutional investment;
* rental income; and
* other funding.
Reducing debt requirements makes lower rents economically sustainable.
This represents a fundamental principle:
Affordable rent often begins with lower-cost capital, not rent control.

5. HOUSING ASSOCIATIONS: AN IMPORTANT INSTITUTIONAL LESSON
The British system also demonstrates the importance of specialised housing providers.
Government does not necessarily have to become:
the developer,
the contractor,
the property manager,
the landlord,
the mortgage lender,
and the maintenance company.
Instead, government can create policy, provide subsidy, regulate affordability and work through qualified delivery institutions.
Nigeria could significantly expand the role of:
* housing cooperatives;
* nonprofit housing organisations;
* state housing corporations;
* private affordable housing providers;
* pension-backed rental housing companies; and
* professionally governed housing associations.
The objective should be to develop institutions capable of holding affordable housing assets for decades, not merely developers interested in selling units immediately after construction.

6. CANADA: FEDERAL GOVERNMENT, PROVINCES AND MUNICIPALITIES WORKING TOGETHER
Canada’s approach is particularly important for Nigeria because both countries operate federal systems.
Canada’s National Housing Strategy is currently a 10-plus-year programme exceeding C$115 billion . (Canada Mortgage and Housing Corporation⁠)
By July 2026, official CMHC reporting indicated that more than C$82 billion had been committed toward supporting the creation, acquisition or repair of hundreds of thousands of housing units. (Canada Mortgage and Housing Corporation⁠)
A major feature of the Canadian model is the participation of different levels of government.
The federal government provides financing.
Provinces and territories participate through bilateral agreements and matching arrangements.
Municipalities influence:
* land use;
* planning;
* permitting;
* density;
* development charges;
* infrastructure; and
* housing approvals.
The lesson for Nigeria is significant.
Affordable housing should not be treated as the responsibility of the Federal Ministry of Housing alone.
The Federal Government cannot solve Nigeria’s housing challenge if states control important land and planning functions but affordable housing policy is not integrated across levels of government.

7. A NIGERIAN VERSION OF FEDERAL-STATE COST SHARING
Nigeria could establish a framework in which access to federal affordable housing funds is conditional upon state participation.
For example:
Federal Government provides:
* affordable housing capital grant;
* long-term financing;
* mortgage guarantee;
* tax incentives.
State Government provides:
* land;
* title;
* planning approval;
* reduction or waiver of development charges;
* part of infrastructure.
Local Government provides:
* local infrastructure coordination;
* community integration;
* local planning support.
Private developer or housing provider provides:
* equity;
* technical delivery;
* construction;
* project management.
Financial institutions provide:
* development debt;
* mortgage finance;
* rental housing finance.
This allows government money to leverage other people’s money rather than becoming the only source of housing finance.

8. SINGAPORE: INTERVENING ACROSS THE ENTIRE HOUSING VALUE CHAIN
Singapore provides perhaps the most integrated example among the countries examined.
Its housing system is not based simply on subsidising mortgage interest.
Government intervention extends across:
* land;
* planning;
* development;
* pricing;
* household grants;
* housing finance;
* retirement savings; and
* resale conditions.
The Housing & Development Board plays a central role in public housing development.
Eligible first-time families may currently receive an Enhanced CPF Housing Grant of up to S$120,000 toward qualifying new or resale flat purchases. (HDB⁠)
Additional CPF housing grants exist for eligible resale purchases, including grants of up to S$80,000 under relevant family arrangements. (HDB⁠)
The lesson is not simply that Singapore gives people money.
The more important lesson is that Singapore addresses affordability systemically.

9. WHY LAND POLICY MATTERS
Housing affordability begins with land.
Where land prices become highly speculative, the cost ultimately appears in the selling price or rent.
Singapore demonstrates how strategic public control of land can support long-term housing objectives.
Nigeria’s public land should similarly be treated as an economic development instrument, not merely a revenue-generating commodity.
When government contributes land to an affordable housing project, that contribution should be valued transparently.
If land worth ₦5 billion is contributed, government has effectively invested ₦5 billion.
The public should receive a measurable affordability benefit in exchange.
That benefit could be:
* reduced selling prices;
* controlled rents;
* permanent affordable housing;
* shared ownership;
* rent-to-own housing;
* worker housing.
Public land should never be transferred cheaply for “affordable housing” and subsequently converted into luxury housing without the public recovering the value of its subsidy.

10. SINGAPORE’S SECOND LESSON: LINKING SAVINGS AND HOUSING
Singapore’s housing framework also demonstrates the power of connecting long-term household savings with housing finance.
This raises an important question for Nigeria:
Can the country’s enormous pools of long-term institutional savings play a greater role in housing without compromising the safety of contributors?
The answer should not be reckless withdrawal of retirement savings.
Instead, Nigeria should explore secure structures through which long-term capital can finance:
* mortgage-backed assets;
* affordable rental portfolios;
* infrastructure;
* housing bonds; and
* professionally managed residential investment.
The key requirement is strong regulation and appropriate risk management.

11. MALAYSIA: DIRECT SUBSIDY AND GOVERNMENT GUARANTEES
Malaysia offers highly relevant lessons for Nigeria because it combines support for low-income households with mechanisms to extend housing finance to people who may struggle to qualify under conventional banking rules.
Under Malaysia’s Program Perumahan Rakyat — PPR, qualifying low-income households can access public rental housing, with official information indicating rents as low as RM124 per month, excluding maintenance. (KPKT⁠)
This demonstrates that governments must sometimes accept that the poorest households cannot pay the full economic cost of housing.
Trying to solve extreme low-income housing solely through mortgages is unrealistic.

12. MALAYSIA’S RUMAH MESRA RAKYAT MODEL
Malaysia’s Rumah Mesra Rakyat programme is designed for qualifying households with low incomes who have suitable land but lack adequate housing.
The official programme currently lists a RM20,000 construction subsidy, with repayment arrangements extending over 16 to 25 years and estimated payments around RM300 monthly under the programme structure. (SPNB⁠)
This concept has considerable potential for rural Nigeria and smaller cities.
Millions of Nigerians may have access to family land or community land but lack sufficient capital to complete a decent home.
Rather than constructing entirely new estates everywhere, Nigeria could consider a properly controlled programme of:
Serviced Plot + Core Housing + Incremental Expansion Finance
Households could receive a structurally sound starter home that can be expanded as income improves.

13. MALAYSIA’S MORTGAGE GUARANTEE MODEL
Perhaps one of Malaysia’s most relevant innovations for Nigeria is the housing credit guarantee system.
SJKP explicitly aims to help Malaysians—including people without fixed incomes or conventional payslips—obtain housing finance from participating financial institutions. (SJKP⁠)
Under the SJKP MADANI scheme, mortgage financing can reach RM360,000, with financing periods of up to 35 years. The guarantee may cover financing up to a maximum of 120% of the residential property’s purchase price when specified ancillary costs are included. (SJKP⁠)
This addresses one of Nigeria’s biggest housing finance problems:
Millions of Nigerians have income, but they do not have payslips.
An entrepreneur may earn ₦800,000 monthly.
A trader may turn over millions of naira annually.
A driver may have reliable daily income.
A consultant may earn irregular but substantial income.
Yet conventional mortgage underwriting may reject them because their income does not resemble a traditional monthly salary.
Nigeria therefore needs to move from:
Salary-based mortgage assessment
toward:
Verified-income mortgage assessment.
Evidence could include:
* bank statements;
* verified business transactions;
* tax filings;
* rent-payment history;
* cooperative savings;
* digital payment records;
* audited business cash flow;
* verified contracts.
Government guarantees could absorb part of the lender’s credit risk while maintaining prudent underwriting.

14. COMPARING THE FIVE MODELS
Financing Instrument United States United Kingdom Canada Singapore Malaysia
Direct capital subsidy Yes Strong Strong Strong Strong
Tax incentives Very strong Used Used Less central Used
Government-supported loans Yes Strong Strong Very strong Yes
Mortgage guarantees Strong system Available through wider system Important Public finance structure Very relevant
Rental assistance/social housing Strong Strong Strong Strong Strong
Public/strategic land intervention Local/state Important Provincial/local Very strong Important
Household purchase grants Various Various Various Very strong Various
Private capital mobilisation Very strong Very strong Strong Complementary Strong
Dedicated affordable housing providers Yes Very strong Strong HDB Government agencies/PR1MA
Informal-income mortgage support Limited applicability Conventional market Conventional market Structured system Particularly relevant

TEN LESSONS FOR NIGERIA
Lesson One: Stop Measuring Housing Policy Only by Units Built
Government should measure:
* affordability;
* household income-to-housing-cost ratios;
* mortgage accessibility;
* rental burden;
* land cost;
* infrastructure cost;
* financing cost;
* occupancy;
* beneficiary income.
A million houses that intended beneficiaries cannot afford do not represent successful affordable housing policy.

Lesson Two: Establish a National Affordable Housing Finance Framework
Nigeria needs a coordinated financing architecture connecting:
Federal Government
State Governments
FMBN
FHA
NMRC
commercial banks
mortgage banks
pension funds
insurance companies
developers
housing cooperatives
institutional investors
development finance institutions
and households.

Lesson Three: Create a Nigerian Affordable Housing Tax Credit
Drawing inspiration from the American model, qualifying investors in approved affordable rental housing could receive tax incentives linked to:
* number of units delivered;
* duration of affordability;
* household income served;
* rents charged;
* location;
* energy performance.
The incentive should be performance-based.
No affordable unit delivered should mean no affordable housing tax benefit.

15. CREATE AN AFFORDABLE HOUSING CAPITAL GRANT
Nigeria could adopt elements of the British model.
Instead of government constructing everything itself, qualifying projects could compete for capital grants.
The grant could be calculated according to affordability.
For illustration:
Market housing
No grant.
Workforce housing
Limited incentive.
Affordable housing
Moderate grant.
Social housing
Larger grant.
Housing for extremely vulnerable households
Highest subsidy.
The lower the household’s ability to pay, the larger the subsidy required.
This is more economically rational than pretending that every household can pay the same price.

16. CREATE A NATIONAL HOUSING CREDIT GUARANTEE CORPORATION
Nigeria should strongly consider a large-scale housing credit guarantee mechanism.
It should target:
* informal-sector workers;
* SMEs;
* self-employed professionals;
* young entrepreneurs;
* first-time homeowners;
* household

The post How Leading Countries Finance Affordable Housing appeared first on Housing TV Africa.

Family Homes Funds Ltd. (FHFL) has unveiled an ambitious plan to deliver 10,000 social housing units across Nigeria by 2030 while empowering 100,000 disadvantaged women and training 100,000 artisans under a nationwide affordable housing programme.

The initiative, contained in the institution’s Social Housing Implementation Plan obtained by the News Agency of Nigeria (NAN) on Friday, is aimed at expanding access to affordable housing, creating jobs, and promoting sustainable community development.

FHFL, a social housing finance institution established to improve access to affordable homes through innovative financing and strategic partnerships, said the programme would be implemented in phases across key regions of the country based on identified housing needs.

According to the implementation plan, the initiative is designed to build sustainable communities, improve livelihoods, and reduce Nigeria’s housing deficit through a combination of innovative financing models, environmentally friendly construction methods, and collaboration with both the public and private sectors.

The institution said public-private partnerships would play a critical role in mobilising funding, facilitating access to land, and strengthening institutional support required for the successful delivery of the housing projects.

As part of the programme, FHFL will provide affordable housing finance to enable more low- and middle-income Nigerians to own homes, while also increasing the supply of quality and affordable housing nationwide.

The implementation plan also places strong emphasis on environmental sustainability.

It stated that the projects would utilise Alternative Building Technology (ABT) and other low-carbon construction materials to improve efficiency, reduce construction costs, and minimise environmental impact.

The housing developments will incorporate passive cooling systems, solar energy solutions, and natural lighting to improve energy efficiency, while locally sourced building materials will be prioritised to support domestic industries and stimulate economic growth.

Beyond housing delivery, the programme aims to drive inclusive economic development by empowering 100,000 disadvantaged women through employment and entrepreneurship opportunities created within the housing value chain.

In addition, 100,000 artisans will receive training in modern construction skills to strengthen the country’s skilled workforce, improve housing delivery, and expand employment opportunities in the construction sector.

FHFL also said host communities would be actively involved in the planning and implementation of projects to encourage local ownership, enhance sustainability, and ensure the long-term success of the developments.

The institution added that governance structures would be strengthened, while livelihood programmes would be integrated into the housing estates to improve residents’ quality of life.

According to the document, the social housing programme aligns with Nigeria’s national housing policies and the United Nations Sustainable Development Goals (SDGs).

To improve affordability and accelerate implementation, FHFL said it would leverage grants, subsidies, and partnerships with development finance institutions to complement private sector investment.

The institution expressed confidence that the programme would significantly reduce Nigeria’s housing deficit while promoting inclusive growth, strengthening local capacity, creating jobs, and improving living standards across participating communities.

FHFL reiterated that its mission remains providing affordable homes and creating employment opportunities by leveraging innovative financing, technology, strategic partnerships, and a skilled workforce to improve housing access for Nigerians.

The institution added that the initiative is expected to contribute to economic growth through infrastructure development, job creation, and expanded access to decent and affordable housing for low- and middle-income households.

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South Africa’s Minister of Human Settlements, Thembisile Simelane, has warned that significant budget cuts could undermine the government’s ability to meet housing delivery targets and address the country’s growing housing crisis.

Presenting Budget Vote 33 before Parliament, Simelane revealed that the department’s baseline allocation would be reduced by R20.6 billion over the Medium-Term Expenditure Framework, including a R19.7 billion reduction to the Urban Settlements Development Grant.

“The reality is that we are operating under severe fiscal constraints,” Simelane told lawmakers.

Housing Backlog Remains a Major Challenge

Despite government efforts, South Africa continues to face a substantial housing shortage. According to the minister, the national housing backlog currently stands at approximately 2.6 million units, while 11.7 percent of households still live in informal settlements.

For the 2026 financial year, the department plans to deliver:

• 39,058 housing units
• 25,186 serviced sites
• 21,918 title deeds
• 2,878 social housing units
• 744 houses for military veterans
• 6,950 mud-house replacements
• 11,215 solar energy installations

However, Simelane acknowledged that housing delivery fell below expectations in the previous financial year.

The department completed 23,027 housing units against a target of 37,779 units.

“This situation cannot continue,” she said, pledging stricter action against underperforming contractors and officials responsible for procurement delays.

Progress Recorded Despite Funding Constraints

The minister disclosed that government interventions have helped revive several stalled housing projects nationwide.

Out of 212 blocked housing developments identified across the country, 85 have been unblocked, resulting in the delivery of 1,136 housing units in Gauteng, KwaZulu-Natal, Mpumalanga, Limpopo, Free State and North West provinces.

She also noted that the Housing Development Agency exceeded expectations by acquiring 2,447 hectares of strategically located land, more than double its target of 1,000 hectares.

Additionally, provinces delivered 24,251 serviced sites against a target of 13,995.

Opposition Parties Reject Budget

Several opposition parties rejected the housing budget, arguing that it fails to adequately address South Africa’s housing challenges.

Democratic Alliance lawmaker Conrad Poole said the country’s housing crisis is now largely an implementation problem rather than a policy issue.

“Nonperformance, corruption, stalled projects and weak oversight have become legacy problems within the sector,” he said.

Meanwhile, MK Party lawmaker Thulani Gamede criticised the spending cuts, arguing that government was retreating from its responsibility to provide housing for vulnerable citizens.

“Housing is not merely a commodity. It is a fundamental right,” he said.

Members of the Economic Freedom Fighters also opposed the budget, saying it does little to reverse apartheid-era spatial planning patterns that continue to push low-income communities to the outskirts of cities.

Calls for Inclusive Urban Development

Lawmakers and housing advocates stressed that housing delivery should go beyond constructing homes and focus on creating sustainable communities with access to transportation, healthcare, education and economic opportunities.

According to Rise Mzansi lawmaker Makashule Gana, human settlements should not consist of houses located far from jobs and essential services.

As South Africa grapples with fiscal pressures and rising housing demand, the debate highlights the challenge of balancing budget constraints with the constitutional obligation to provide adequate housing for millions of citizens.

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