The Federal Government has approved a nationwide uniform sale price for housing units under its Renewed Hope Estate Programme.
Director, Press and Public Relations of the Federal Ministry of Housing and Urban Development, Badamasi Haiba, made this known in a statement.
While noting that the housing units, which comprise one-, two-, and three-bedroom semi-detached bungalows, are part of the Ministry’s efforts to make homeownership more accessible and equitable for Nigerians, Haiba said the price of a one-bedroom semi-detached bungalow is now N8.5 million, a two-bedroom semi-detached bungalow, N11.5 million, and three-bedroom semi-detached bungalow N12.5 million.
He explained that the adoption of uniform selling prices aims to promote affordability, transparency, and fairness, ensuring that Nigerians across all regions have equal opportunities to benefit from the Renewed Hope Housing Programme.
According to the statement, the Minister of Housing and Urban Development, Ahmed Dangiwa, stated that priority in the allocation of the housing units will be given to low- and middle-income earners as well as civil servants at all levels of government.
This priority list will also include employees in the organised private sector with verifiable sources of income, and Nigerians in the Diaspora who wish to own homes in the country.
Permanent Secretary of the ministry, Shuaib Belgore, was quoted to have also explained that several payment options have been provided to make the houses affordable and flexible. These include outright (full) payment, mortgage, rent-to-own scheme, and installment payment plans.
The Ministry further announced that the sale of the completed housing units across the northern and southern regions will soon commence.
Applications can be made through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.gov.ng , or obtained from the Ministry’s headquarters and field offices nationwide.
The Renewed Hope Estates and Cities Programme is a flagship initiative of the President Bola Tinubu administration designed to bridge the gap in Nigeria’s housing sector.
Launched in February 2024, the programme commenced with the flag-off of the 3,112-unit Renewed Hope City project in the Karsana District, Phase 3, Federal Capital Territory, Abuja.
