Friday, December 9

Ambode flags-off rent to-own programme, declares 500 housing units

Ambode flags-off rent to-own programme, declares 500 housing units

Lagos State Governor, Mr Akinwunmi Ambode yesterday formally flagged-off the much-talked about rentto- own and rental housing policy, saying that the scheme would ensure that most Lagosians have access to shelter irrespective of social status, income and affiliations.

New Telegraph gathered that the program will immediately commence at Sir Michael Otedola Housing Estate, Odoragunshin, Epe, CHOIS City, Agbowa, Oba Adeboruwa Estate, Igbogbo, Ikorodu, Alhaja Adetoun Mustapha Estate, Ojokoro and Hon. Olaitan Mustapha Estate, Ojokoro which are ready for immediate habitation.

Speaking while flagging- off the scheme at Alhaja Adetoun Mustapha Estate, Ojokoro, Ambode described the housing scheme policy with a reviewed price as his administration’s initiative to address housing deficit in the state, saying that access to decent and affordable houses had remained a challenge to many Lagosians particularly under the current economic recession in the country.

The governor, who was represented by his Special Adviser on Commerce, Benjamin Olabinjo explained 80 per cent of the 12 estates would be dedicated to rent-to-own while 20per cent will be rented out to interested citizens.

Earlier, the state Commissioner for Housing, Prince Gbolahan Lawal said that the state government would continue to engage the services of facility managers to ensure that the estates were well maintained.

Lawal said: “In line with Governor Akinwunmi Ambode’s policy of inclusion, several public officers and employees of organised private sector, traders, artisans, and the rest are poised to benefit from these laudable initiatives.

“This program allows the tenant to live on the property while paying towards ownership at a fixed rent within the period of 10years,” he explained. Some of the 12 housing estates dedicated to the Rent-To-Own policy are spread over the three Senatorial Districts in the state.

The estates are Sir Michael Otedola Estate, Odoragunshin, Epe 336 units, CHOIS City, Agbowa 400, Alhaja Adetoun Mustapha Estate, Ojokoro 32, Hon. Olaitan Mustapha Estate, Ojokoro, Oba Adeboruwa Estate, Igbogbo, Ikorodu 256; Egan- Igando Housing Estate, Alimosho 684 units.

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