A private property firm in partnership with the Trade Union Congress (TUC) has unveiled plans to develop about 100, 000 housing units for members nationwide.
TUC’s president, Comrade Bala Kaigama, said the initiative will provide affordable housing for members of the union.
He spoke during the inspection tour of the first cluster of 500 housing units of the project in Rock City Estate, Lugbe yesterday in Abuja.
He said the project would be supported by the Federal Mortgage Bank of Nigeria (FMBN) while members of the public who subscribed to the National Housing Fund (NHF) could also benefit from the scheme.
According to him: “The proposed housing units include two and three- bedroom apartments, three and four bedroom terrace duplexes as well as four bedroom semi- detached duplex and five bedroom fully detached duplexes.”
The Executive Director, Rock of Ages Properties Limited, Adike Chux stated that with about N1.7 million deposit, the United Workers Housing Scheme ýcould be made available to workers.
He said subscribers could as well enjoy repayment period that lasts for about 30 years.
Chux stated that private business owners, who do not subscribe to the NHF, can contribute 30-40 per cent equity and enjoy repayment between one to three years.
The four hectares allocation is expected to be completed in 12 months.
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