The Ministry of Housing and Urban Development is taking advantage of a partnership with the Abuja Property Development Company, APDC, to take charge of the sale of houses expected to be constructed under the recently launched initiative, Renewed Hope Cities and Estates programme.
The planned partnership was disclosed by the honourable Minister of Housing and Urban Development, Arch. Ahmed Dangiwa, following a visit from the APDC’s delegation, led by Acting Managing Director Akeem Aderogba, to the Minister’s office. In a statement cited on the ministry’s website, which reads, “The delivery plan of Renewed Hope Cities and Estates is hinged on PPP. I urged you to engage with the PPP department of the Ministry to key into the programme,” the minister underscored the importance of exchanging knowledge with APDC, especially as relating to the selling of the ministry’s substantial inventory of houses.
. He expressed confidence in the a keen interest in learning from APDC’s experiences, especially its strategies for selling houses and understanding market demand for various types of homes in the Federal Capital Territory, saying that, “I like to know your experiences in selling these houses and your assessments over demands of the types of houses in the FCT.”
The minister noted that the APDC’s expertise was crucial, given the ministry’s first attempt at selling a large volume of housing units.
Dangiwa said that APDC’s well-established marketing department has successfully managed the sale of the company’s constructed houses to the public, presenting a valuable model for the ministry to consider.
The minister ammended APDC for their excellent and efficient management of facilities nationwide, acknowledging that APDC Homes are well-maintained.
He requested that the company share their expertise in facility management with his staff to enhance their capabilities in this area.
Minister Dangiwa elaborated that the estates part of the programme is designed with a focus on catering to the housing needs of low and middle-income groups, many of whom belong to organized labour and unions.
He stated that the residential units being constructed within these Renewed Estates primarily include one to three-bedroom bungalows, strategically located across the six geo-political zones of the country.The minister further detailed that the initiative of Renewed Hope Cities and Estates is targeted at mitigating social inequality by offering a wide spectrum of affordable housing options for both cities and estates. He emphasized that purchasing these homes could be facilitated through various means, including single-digit loans and mortgage facilities provided by the Federal Mortgage Bank of Nigeria, with the stipulation that prospective buyers must be contributors to the National Housing Fund (NHF)
Similarly, the Minister revealed other acquisition methods available to Nigerians, such as Rent-to-Own, outright purchase, and instalment plans, aside from the mortgage options.
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