30 New Winners Emerge in the Lagos Home Ownership Mortgage Scheme

Thirty new home owners emerged at the first draw of the Lagos Home Ownership Mortgage Scheme (HOMS). The draw which took place at the Blue Roof, Lagos Television ground, was conducted for 200 successful applicants who vied for homes located in Abijo, Agege, Igbogbo, Odoragunshin, Ojokoro and Shitta, Lagos State. The HOMS scheme, based on projections from financial experts, would be self sustaining in the next seven years if all mortgage owners paid their dues promptly, Governor Babatunde Fashola said. With 102 homes still pending for 98 qualified applicants and another 200 new homes to be given out for the April draw, the HOMS project might be here to stay. Fashola explained that the second phase of the HOMS project would commence soon. Under it, the private sector would be allowed to build houses for the scheme with government buying the houses and handing it over to Lagos Mortgage Board for the mortgage scheme. On this note, he charged the beneficiaries to ensure that they take responsibility in paying their monthly mortgage and maintain their homes.  

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This article was first published on 5th March 2014

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