08 May, 2014

I PROMISED AFFORDABLE HOMES, NOT LOW COST HOUSING – FASHOLA

Lagos State Governor, Mr. Babatunde Raji Fashola, has said that he only promised affordable homes to Lagosians, not low cost houses.
The governor, who was reacting to criticisms th
at the houses under the Lagos Home Ownership Scheme (LAGHOMs), were rather high, said he never promised to deliver low-cost housing units to the people during his electioneering campaigns. Fashola disclosed this during the open draw held in Ikeja, Lagos yesterday to select the new lucky winners of the Lagos homes.
For May housing draw, a total number of 158 applicants applied for housing units under the scheme, out of which 102 were successfully pre-qualified, while 56 applicants were not pre-qualified based on documentation.

For the draw, 200 homes were made available, while 334 houses were carried over from the March and April editions, making a total of 534 homes.
Fifty seven new home owners emerged at the end of the exercise. Fashola said there were a lot of criticisms from the opposition party about the price of the housing units, stressing that though the houses are not low cost but are affordable to the people because they can pay for them through a mortgage that cover a 10 year period.

Source: New Telegraph

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