492 families benefit from Sanwo-Olu’s housing scheme

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492 families benefit from Sanwo-Olu’s housing scheme 1

492 families benefit from Sanwo-Olu’s housing scheme 2
492 families benefit from Sanwo-Olu’s housing scheme

It was all outpouring of emotions
and joy, on Friday, at the Banquet Hall of the State House in Alausa on Friday
when Lagos State Governor, Mr. Babajide Sanwo-Olu, presented keys to
beneficiaries of his administration’s maiden rent-to-own housing scheme.

Sanwo-Olu allotted all the
apartments of the Lateef Kayode Jakande Housing Estate in Igando to 492
families certified by the State’s Mortgage Board to benefit from the scheme.
The allocation came four months after the housing estate was completed by the Sanwo-Olu
administration.

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A 56-year-old widow, Mrs. Fatimat
Kosoko, betrayed emotion as her name was being announced to benefit in the
scheme.

The mother of four, who is a
staff of the Ministry of Education, said the scheme had brought a “huge relief”
to her family, eight years after she had been struggling to provide decent
accommodation for her children, following husband’s demise. She got a 40 per
cent rebate on the monthly payment to service the mortgage.

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Sanwo-Olu described the
development as “a promise kept ahead of time”, noting that his administration’s
modified rent-to-own housing scheme took off earlier than expected.

The Governor reiterated that
provision of decent homes for a large number of residents across the State
remained a key thrust of his administration’s social intervention scheme,
stressing that his Government had introduced a simple mortgage model to expand
the opportunity to low-income families.

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The Governor said the delivery of affordable housing to low-income residents underscored “irrevocable commitment” of his administration to actualise its agenda of building a 21st century economy and attaining ‘Greater Lagos’.

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