Abuja - More than 100 residents have emerged winners of the Lagos
Home Ownership Mortgage Scheme (HOMS).
This follows a draw which was held at the Blue Roof
Multipurpose Hall of the Lagos Television station.
In his remarks after the draw, during which the 102
winners emerged, the State Governor, Babatunde Fashola, announced plans to
commence a new scheme, to be called Rent-To-Own, which would empower low-income
Fashola, who expressed satisfaction that the scheme is
achieving its purpose, explained that the Rent-To-Own project was necessitated
by the fact that some people could not afford a mortgage.
“We have run the mortgage for some time and we are seeing
that there are some people who cannot yet afford a mortgage but if we give them
more time, we think they can,” he said.
Despite measures to solve the issue, the provision of
housing remains a challenge in the populous Lagos State.
- CAJ News
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