In a renewed effort to provide houses for the low-income families, the Federal Government has completed its Family Homes Estate in Darmanawa, Kano State.
The estate is designed to fit into families’ comfortable and healthy lifestyles at an affordable price. It comprises two bedroom flats and three bedroom bungalows. Each two bedroom flat costs N8.5 million, while the three-bedroom bungalow goes for N15.5 million.
It also provides decent communal living and privacy. Amenities are tarred roads, street lights, green areas for recreation and fully managed facilities.
Located in the Darmanawa community of Tarauni Local Government, it is surrounded by the Aminu Kano Teaching Hospital, malls, markets, schools and other places necessary for urban living.
Targeted beneficiaries are traders, civil servants, low-income employees, cooperatives and military and paramilitary personnel. Prospective homeowners can opt to purchase the homes with their National Housing Fund (NHF) contributions. The estate islowering entry price point for home ownership through flexible mortgages with the lowest interest rates.
MEANWHILE, President Muhammadu Buhari recently commissioned the estate alongside the Governor of Kano State, Abdullahi Ganduje and the Minister of Finance, Budget and National Planning, Mrs. Zainab Shamsuna Ahmed.
Others are Board Chairman of Family Homes Funds, Alhaji Suleiman Barau; the Acting Managing Director of Family Homes Funds, Mr. Sani Yakubu, and other members of the Board, including Mohammed Umar, Chiweze Ukwuoma, Muhammadu Jumba, and Aisha Omar.
The ceremony, which took place on Monday January 30, 2023 marks a new beginning for 469 families, including civil servants, traders, and other low-income beneficiaries in the state.
The event, according to Barau, is very significant for Family Homes Funds, which within four years of existence has financed the development of over 15,000 homes for families on low-income across Nigeria, with over 80,000 jobs created in the process.
He thanked the President for establishing the Funds, that is playing crucial part in the Federal Government’s social intervention programmes and poverty alleviation across the country.
Barau also paid tribute to the Minister of Finance for her strong leadership and guidance that is inspiring Families Homes Funds to deliver all the results. “She continually supports and encourage the company towards innovation, which is why we are now one of the most important Federal Government owned institutions in Nigeria, delivering affordable homes, creating jobs and yielding dividends for the government,” he said.