FAMILY HOMES FUNDS LIMITED
Promoting Affordable Housing and Homeownership in Nigeria
FAMILY HOMES FUNDS LIMITED (FHFL)
Registered in 2016 and commencing operations in 2018, Family Homes Funds Limited aspires to be Sub-Saharan Africa's largest housing finance Institution focused on providing affordable homes for Nigerians on low income.
It is a social housing initiative promoted by the Federal Government of Nigeria as part of its Social Intervention Programme with initial shareholding by the Ministry of Finance Incorporated (MOFI) and the Nigeria Sovereign Investment Authority (NSIA).
Our Vision & Mission
Over the next 4 years, the company will continue to invest in the development of thousands of homes for people on low income. In the process, the Company also aims to create significant number of jobs and enable homeownership through its creative products.
FHFL is committed to promoting sustainable development and is aligned with the New Urban Agenda and the Global Goals. The company also partners with various stakeholders including Developers, Industry Leaders, and Development Finance Institutions to meet its strategic objectives of providing affordable housing and creating jobs for Nigerians.
Our Strategic Approach
Family Homes Funds Limited (FHFL) supports families on low-income attain their home ownership dreams. FHFL is solving Nigeria housing deficit by making it easier for people to finance affordable housing projects that align with the New Urban Agenda and the Global Goals.
Our Goals Include:
- Creating sustainable cities and communities
- Reducing poverty
- Promoting good health and well-being
- Providing clean water and sanitation
- Promoting decent work
- Supporting economic growth
- Reducing inequalities
Help-To-Own Program
Help to Own is a Home Loans assistance initiative of Family Homes Funds Limited that allows you to buy a new home by contributing only a 10% deposit rather than the traditional 20% deposit. The remaining 90% is funded by our mortgage partners.
Who Can Apply?
- Anyone who is 18 years or over
- First time home buyers that do not own property anywhere in the world
- Individuals who can provide a minimum deposit of 10% of the purchase price of the home
- Anyone who can take responsibility of any associated fees
- Anyone who has the required affordability
Step by Step Guide
- 1Get a property you want to purchase and agree on sales terms
- 2Fill out and submit the expression of interest forms to any participating primary mortgage institutions
- 3The mortgage institution will carry out a financial assessment to determine your eligibility
- 4Provide all necessary account opening documents as requested by your primary mortgage institution
- 5Deposit the 10% equity contribution for your home to your primary mortgage institution
- 6After all conditions are met, our mortgage partner and FHFL put up 90% of the cost and hand over the keys to you
SERVICES
What We Do
Housing Development
Construction and development of affordable housing units across Nigeria to meet the growing demand for decent homes.
Mortgage Financing
Providing flexible mortgage solutions including Help-to-Own program with 10% deposit requirement.
Partnership Development
Building strategic partnerships with government agencies, private developers, and financial institutions to expand housing access.
Community Development
Creating sustainable communities with essential infrastructure and aligning with Global Goals for sustainable development.
