The Nigerian Air Force (NAF) is set to partner with Family Homes Funds Limited (FHFL) to provide affordable post-service housing scheme for Airmen and Airwomen as post-retirement life, Naija News 2, November 2020. During the event, the CAS expresses his gratitude to airmen and women and, said the benefits are for technicians, Regiment and Special Forces personnel to purchase houses at a low post-service scheme.
Speaking further, the CAS disclosed that the Air Officers Commanding who are the field Commanders of the NCOs were purposely invited to attend the presentation and would be expected to disseminate the news to potential beneficiaries in their Commands. He stated that he was equally excited that the Group Managing Director, NAF Holding Company, Air Vice Marshal Abubakar Bagare, had instantly keyed into the entire programme to ensure that the NAF is able to effectively key into the FHFL Programme for the benefit of personnel in all states where the scheme has commenced.
NAF Affordable Housing Scheme
The MD FHFL, Mr Femi Adewole, while making his presentation, stated that the primary objective of FHLFL is to promote financing structures for housing that is affordable to Nigerians in the low-income bracket. He said that the current financing programme comprises 3,613 homes under construction in 5 locations and financing commitment to further 12,520 homes representing over N60 Billion financing support for affordable homes. He further stated that FHFL works to make affordable housing possible by developing and offering financing solutions for affordable housing developers as well as for people who would buy or rent the homes they build. According to him, the typical target are people earning between N600,000.00 US$1800) – N1.2 Million US$3600) per annum – Naijà news