{"id":5594,"date":"2017-05-12T17:44:56","date_gmt":"2017-05-12T16:44:56","guid":{"rendered":"http:\/\/www.tolet.com.ng\/blog\/?p=5594"},"modified":"2017-05-17T16:49:55","modified_gmt":"2017-05-17T15:49:55","slug":"success-reports-on-the-lagos-rent-to-own-programme","status":"publish","type":"post","link":"https:\/\/propertypro.ng\/blog\/success-reports-on-the-lagos-rent-to-own-programme\/","title":{"rendered":"Success Reports on the Lagos Rent-to-Own Programme"},"content":{"rendered":"

The rent-to-own housing scheme for low-income earners launched in 2016 under the Gov. Ambode led administration has produced commendable results as it is\u00a0achieving its aim to a large extent among the Lagos populace.<\/span><\/p>\n

Mr Gbolahan Lawal, the Lagos Commissioner for Housing, assured Lagosians that the state government\u2019s rent-to-own housing programme would help bridge the three million housing deficit in the state<\/a>.<\/span><\/p>\n

In April, Lawal told a ministerial press briefing in Lagos that 500 beneficiaries of the programme had become proud landlords residing in their own homes.<\/span><\/p>\n

\u201cOn Thursday, Dec. 8, 2016, Gov. Ambode launched the rent- to-own scheme as a way of expanding access to quality, affordable accommodation<\/a>.<\/span><\/p>\n

CHECK OUT: PROPERTIES FOR RENT IN LAGOS<\/a><\/span><\/p>\n

\"tolet-need-to-find-na-small-tin\"<\/span><\/p>\n

\u201cThe aim was to ensure that Lagosians, irrespective of status, income and affiliations, have access to decent shelter in order to improve their quality of lives.<\/span><\/p>\n

\u201cSo far, 500 Lagosians have been allotted homes under the scheme, and they have taken possession of such homes,\u201d he said.<\/span><\/p>\n

The commissioner said that the scheme was an improvement on the home ownership scheme of the Lagos state government.<\/span><\/p>\n

ALSO READ:\u00a0The Federal Government Affordable Housing Scheme for Nigerians<\/a><\/span><\/p>\n

\u201cThe Lagos Home Ownership Scheme (Lagos HOMS) entails a deposit of 30 per cent as equity contribution, while payment of the balance in monthly instalments is spread over 10 years.<\/span><\/p>\n

\u201cIt was, however, observed that many of our young adults and low-income earners were unable to come up with the deposit.<\/span><\/p>\n

ALSO READ:\u00a0How to Get Your Dream Home by Paying Rent<\/a><\/em><\/span><\/p>\n

\u201cUnder this new policy, allottees are required to pay five percent of the cost of housing as the commitment fee, and the balance is spread over a period of 10 years, and so far, about 500 Lagos residents are benefiting from the scheme,\u201d he said.<\/span><\/p>\n

He added that over 12,000 applications have been received and being processed under the rent-to-own scheme.<\/span><\/p>\n

A total of 12 housing estates is presently available for the state\u2019s rent-to-own home ownership scheme<\/a>.<\/span><\/p>\n

The estates are Michael Otedola, Epe; Choice City, Agbowa; Alhaja Adetoun Mustapha, Ojokoro; Olaitan Mustapha, Ojokoro; Oba Adeboruwa, Ikorodu and Egan\/ Igando Housing Estate.<\/span><\/p>\n

Others are Igando Gardens; Igbogbo Housing Estate, Ikorodu; Odo\/Onosa\/Ayandelu Estate Iponri Estate, Surulere; Sangotedo Estate, Eti-Osa and Ajara Estate, Badagry.<\/span><\/p>\n

\"tolet-need-to-find-na-small-tin\"<\/a><\/span><\/p>\n

Source: PMNews<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The rent-to-own housing scheme for low-income earners launched in 2016 under the Gov. Ambode led administration has produced commendable results as it is\u00a0achieving its aim to a large extent among the Lagos populace. Mr Gbolahan Lawal, the Lagos Commissioner for Housing, assured Lagosians that the state government\u2019s rent-to-own housing programme would help bridge the three …<\/p>\n","protected":false},"author":17,"featured_media":5595,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[22,32],"tags":[521,454,210,426,186,214,209],"class_list":["post-5594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-house-stories","category-real-estate-news","tag-accommodation-for-low-income-earners","tag-affordable-housing-in-lagos","tag-buying-a-property","tag-housing-deficit-in-lagos","tag-mortgage-in-nigeria","tag-rent-to-own-scheme","tag-renting-a-house"],"_links":{"self":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts\/5594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/comments?post=5594"}],"version-history":[{"count":3,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts\/5594\/revisions"}],"predecessor-version":[{"id":5598,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/posts\/5594\/revisions\/5598"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/media\/5595"}],"wp:attachment":[{"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/media?parent=5594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/categories?post=5594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertypro.ng\/blog\/wp-json\/wp\/v2\/tags?post=5594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}