Lagos Gives Out 200 Homes To Residents On Rent-To-Own

Lagos State Government yesterday handed over keys to another set of 200 subscribers to its home ownership scheme on -Rent-To-Own basis.

The State Commissioner for Housing, Prince Gbolahan Lawal who spoke during the handing-over ceremony said the state government will sustain the policy with the partnership of private investors.

Lawal added that the State Government presently has over four thousand housing units yet to be subscribed for across different areas of the state.

According to him, the state government has already mapped out sustainability strategy such that upon exhausting the available units, partnership collaboration would be ignited with the private sector for another round of 20,000 housing units.

He said, “Beyond any doubt, this state government made 100 residents of the state house owners in their own rights last month, this month also, another set of 200 home owners have emerged under this initiative. We will continue with this method until the housing deficit in the state is reasonably bridged.

“I am happy to report also that out of the 100 allottees that got their allocation from the state Government last year, seventy-five of them have moved into their homes and they are enjoying their residency. I urge others to quickly take possession so that the objectives of the policy can be fully realized.”

The commissioner  attributed the increment from last month’s 100 Units to 200 Units this month to increasing demand from applicants who are desirous of becoming home owners under the scheme.

Lawal added that more windows of opportunities would be opened to other residents of the state as some government housing units in Sangotedo, Ajara in Badagry, Igbogbo, Egan-Igando would be completed and made available to Lagosians before the end of the year.

He solicited for support from the allottees to assume responsibility for the estates by cooperating with the facilities managers in ensuring that the facilities are put to good use.

“Efforts should be geared towards ensuring that the environments are kept clean always. The allottees are to ensure that they pay their rent as at when due and embrace maintenance culture” he added.

Also speaking ,the Commissioner for Information and Strategy, Mr. Steve Ayorinde said  with the Rent-To-Own policy, Lagos is on course in addressing the housing deficit in the state.

The Commissioner who acknowledged the huge housing deficit in the state when compared with other states in the country said the state government chose the path of Rent-To-Own to help  low and middle income earners to own their homes.

He explained that the five per cent commitment fee payment is perhaps the best that any state government can offer all over the world, adding that testimonials of beneficiaries of the scheme speak volume about the transparent nature of the initiative from the application stage to the handing over of keys successful subscribers.