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Checkout when the next allocation for Rent-To-Own houses will commence

The Lagos State Government (LASG) has reassured prospective home owners that they will celebrate the next Christmas in their new homes, saying allocation of the houses will start in October.

The State Commissioner for Housing, Gbolahan Lawal, made the disclosure after an inspection tour of some of the housing projects across the state yesterday, Wednesday, August 8, 2018.

According to him, the initial pre-qualification arrangement toward the allocation of some housing units to beneficiaries had begun.

He listed the estates ready for allocation to include: Phase II of the Oba Adegboruwa Estate, Igbogbo in Ikorodu; Amowo-Odofin Housing Scheme and the Igando Gardens Estate.

“The Amuwo-Odofin Housing Scheme has 84 units, Igbogbo 2B has 360 units, while the Igando Gardens Estate has 492 units. For those that applied for those estates, I want to assure them that they are going to celebrate Christmas in those apartments,” he said.

He added that the government had shortlisted some would-be beneficiaries for the Rent-to-Own Housing Policy and the Lagos Mortgage Board was working on perfecting their documents. “I want to assure you that these estates should be ready before the last quarter of this year,” he said.

Meanwhile, Lawal said that the Igando Gardens Estate had 41 blocks of 492 units of one, two and three bedrooms.

The scheme aims to provide housing units to the low and medium income earners in both the formal and the informal sectors.

Under the arrangement, payment for the housing units is staggered over a 10-year period.

During the period, the tenants are allowed to live in the property, while they continue to pay fixed rent toward becoming the owners.

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Idris Aina
Idris is a media and communications professional with keen attention to details. An entertainment enthusiast, he is an ardent fan of the team from the Red Side of Manchester with love for football banters. He tweets with the handle @arlomah.
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