Original Research Article
Year: 2017 | Month: August | Volume: 4 | Issue: 8 | Pages: 1-17
An Evaluation of Affordable Housing Provision for the Urban Poor in Lafia Metropolis, Nigeria
Aliyu Ahmad Aliyu, Mohammed Alfazazi Okugya, Samirah Ibrahim Jibril, and Abdullahi Ali Abdu
Department of Estate Management and Valuation, Faculty of Environmental Technology, Abubakar Tafawa Balewa University, Bauchi, P.M.B. 0248, Bauchi, Bauchi State, Nigeria
Corresponding Author: Aliyu Ahmad Aliyu
ABSTRACT
In Nigeria today the dream of an average man is to be a home owner. The various tiers of the Nigerian government have put in place different policies and programmes with the aim of achieving the vision 2020. The study aimed at evaluating affordable housing provision for the urban poor using lafia as a study area. Through questionnaire survey, results revealed that personal savings and mortgage loan are the most preferred housing finance options by households and that the use of academic/professional certificates as collateral security and increment in workers’ salaries so as to enable them build houses on their own has been found to be the most common strategies for improving affordable housing provision. The study therefore recommends that there should be well-developed mortgage institutions in Nigeria to assist developers and purchasers of the housing stock to obtain mortgage loans at low interest rates. Furthermore, policies are needed to increase access to appropriate affordable building materials; this will facilitate affordable housing supply by private developers to the expected housing needs.
Key words: Affordable Housing, Housing Finance Sources, Housing Provision, Property Development and Urban Poor
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