‘We‘re Making Houses Affordable For Kaduna Residents’

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Last year, the Kaduna State Mortgage and Foreclosure Authority issued requirements for eligible Kaduna residents to secure loans through the Federal

Yes of course, even before the termination of the agreement we had started sourcing for alternatives that will even complement the initial agreement because we cannot put all our eggs in one basket. And that approach actually worked for us. So, when the Tripartite Agreement failed, we just continued the discussion with other banks especially Cooperative Mortgage Bank and Sterling Bank Non Interest Financing.

One thing I will even want to add is, this social housing that the state government is embarking on through the Ministry of Housing and Urban Development, about 455 of the Houses in Rigasa and Ungwan Tanko have already been put up for sale. And it may interest you to know that out of the 83 people who are already qualified to buy those houses, 51 indicated interest to buy the houses through our mortgage arrangements.

Source: Loan Digest (loandigest.net)

 

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