The Lagos State Governor, Babajide Sanwo-Olu, represented by the Commissioner for Physical Planning and Urban Development, Tayo Bambose-Martins, says the ongoing land reforms show the firm commitment of the government towards addressing the challenge of housing deficit in Lagos State.
The governor disclosed this at the just concluded Real Estate Developers Association of Nigeria, Lagos State Chapter, on Thursday.
He said, “We appreciate that a dearth of affordable housing affects the low income citizens who pay an inconsistent share of their income for housing or live in inadequate housing that is hard to reach from their employment and access to health and other social services. “Since the inception of this administration, we have commissioned more than 15 affordable and decent housing projects and delivered more than 3,526 housing units across the State.
“In addition, there are other housing projects that are ongoing which we are committed to delivering before the end of the first tenure of this administration. Most of these projects are being developed in conjunction with private developers and we will continue to explore the public-private partnership model in order to continue to enjoy the robust benefit it offers to the sector and its effectiveness in delivering more housing units to meet the demand of an increasing population.
“We have strengthened our policy of delivering homes to Lagosians through a convenient mortgage system tagged Rent-To-Own. Also, the monthly rent payment policy to ease the hardship usually experienced by the people, especially low income earners, is expected to be a win-win situation for both the tenants and landlords as it would create a steady stream of income for property owners.
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