The Federal Government has announced the allocation of 8,925 houses to deserving applicants nationwide under the National Housing Programme. This allocation was disclosed in a statement by the National Housing Programme through the Permanent Secretary of the Ministry of Housing and Urban Development in Abuja, Dr. Marcus Ogunbiyi.<\/p>\n
According to Mr. Ogunbiyi, the first batch of the allocation process was concluded following a review of the conditions and procedures for sales of houses under the NHP. Applicants under the mortgage, rent-to-own, and installment payment modes, who are subscribers to the National Housing Fund, are presently undergoing profiling.<\/p>\n
However, Mr. Ogunbiyi noted that there were no completed houses in Abia, Lagos, Bayelsa, Rivers states, and the FCT. Allocation of houses in these states will be done after the completion of the housing units later in the year.<\/p>\n
The National Housing Fund (NHF) is a Federal Government scheme that entitles Nigerians above 21 years in paid employment to a low-interest, government-funded loan. Members of the scheme contribute 2.5 percent of their monthly salary to the fund through the Federal Mortgage Bank of Nigeria. The maximum amount obtainable under the NHF has been increased to N15 million, repayable over a maximum of 30 years at the rate of six percent interest.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Federal Government has announced the allocation of 8,925 houses to deserving applicants nationwide under the National Housing Programme. This allocation was disclosed in a statement by the National Housing Programme through the Permanent Secretary of the Ministry of Housing and Urban Development in Abuja, Dr. Marcus Ogunbiyi. According to Mr. Ogunbiyi, the first batch […]<\/p>\n","protected":false},"author":25,"featured_media":27374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-27373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/27373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=27373"}],"version-history":[{"count":3,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/27373\/revisions"}],"predecessor-version":[{"id":27399,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/27373\/revisions\/27399"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/27374"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=27373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=27373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=27373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}