Benue State Government has allocated 127 hectares of land to Family Homes Funds, an agency of the Federal Government for the purpose of building low income houses for Benue State civil servants.
Governor Samuel Ortom stated this Thursday, November 25, 2021 when he received the Managing Director and Chief Executive Officer, Family Homes Funds, Mr Femi Adewole in his Abuja residence.
The Governor who commended the Federal Government for the initiative said he was happy that Benue State is considered to be part of the scheme.
He assured that the state government will hasten payment of compensation for the land owners to enable commencement of construction of the housing units.
Earlier, the Managing Director of Family Homes Funds, Mr Adewole had implored state governors to take direct ownership of the project.
He disclosed that the idea was to make housing affordable to all Nigerians particularly the low income earners.
According to him, each housing unit costs N2 million and beneficiaries have up to 15 years to pay back the loan with a monthly deduction of N11,000 only.