Ogun Govt introduces rent-to-own housing scheme

The Ogun State Government has introduced a Rent-to-Own lodging strategy and direct-labour operation exemplary to marque homeownership much accessible and make jobs for artisans crossed the state.

The Commissioner for Housing, Jamiu Omoniyi, disclosed this during an X Space speech connected ‘Affordable Housing successful Ogun State: Homes, Financing and Opportunities’, on Tuesday.

Omoniyi said the authorities was tackling 2 large barriers to homeownership – precocious operation costs and the inability of residents to marque outright payments.

As portion of the caller approach, the commissioner stated that the authorities is partnering with Gateway Mortgage Bank connected the projected Prince Court Estate, Kobape Phase IV, a Rent-to-Own enactment that volition let residents who cannot spend afloat outgo to dispersed the cost.

The commissioner said the exemplary reflects government’s displacement from conscionable gathering houses to creating financing pathways that are sustainable for beneficiaries.

He listed existing estates successful Kobape Phases I–III, Kemta, Itanrin, Ikenne and Iperu arsenic portion of efforts targeting middle-income earners.

Beyond caller estates, Omoniyi said the authorities has begun regeneration of older communities including Ibara GRA, Abeokuta and GRA, Ijebu-Ode to amended surviving conditions and stimulate section economical activities.

He added that the adoption of direct-labour successful task transportation has engage...