{"id":2235,"date":"2017-03-20T03:59:46","date_gmt":"2017-03-20T03:59:46","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/nmrc-developers-seal-deal-on-housing-finance\/"},"modified":"2017-03-20T03:59:46","modified_gmt":"2017-03-20T03:59:46","slug":"nmrc-developers-seal-deal-on-housing-finance","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/nmrc-developers-seal-deal-on-housing-finance\/","title":{"rendered":"NMRC, developers seal deal on housing finance"},"content":{"rendered":"

\n<\/p>\n

\n
\"\"<\/p>\n

Acting Managing Director, FMBN, Richard Esin(left); Minister of State, Power, Works and Housing<\/a>, Mustapha Baba Shehuri; REDAN President, Ugochukwu Chime; MD\/CEO, NMRC, Prof. Charles Inyangete and REDAN Deputy National President, Aliyu Wamakko during the signing of a Memorandum of Understanding between NMRC and REDAN in Abuja<\/p>\n<\/div>\n

After a major agreement with Kaduna Government to promote mortgage<\/a> penetration and home ownership recently, the Nigerian Mortgage Refinance Company (NMRC) has again entered into another deal with estate developers.<\/p>\n

The agreement with the Real Estate<\/a> Development Association of Nigeria (REDAN) is meant to boost research, advocacy and housing finance in the housing sector. The deal is a fall-out of the just concluded REDAN building expo and intensive workshop in Abuja.<\/p>\n

It will be recalled that REDAN had also signed a Memorandum of Understanding (MoU) with Shelter Afrique, a Pan African Housing Finance Institution and Federal Mortgage Bank of Nigeria (FMBN) last month.<\/p>\n

The MoU is to create opportunities in increasing investment flow to housing with a 200 million U.S dollars annual line of credit, which will certainly have positive impact on shelter provision, employment generation and inclusive economic growth.<\/p>\n

NMRC Managing Director, Prof. Charles Inyangete stated that the MoU was intended to allow the housing developers who were critical housing suppliers to be part of its long term funding<\/a> in housing monetary value chain.<\/p>\n

Inyangete stated that the NMRC was committed to partnering with REDAN and all stakeholders to achieve deep investment in creation of robust mortgage market system.<\/p>\n

He described NMRC mortgage market system as a disruptive technology innovation, which consolidated Nigeria\u2019s fragmented housing market by integrating the housing value chain.
\u201cA country that ignores significance of housing in its economy ignores the key sustainable economic growth development initiatives. Partnership is needed to achieve affordable housing<\/a> for Nigeria,\u2019\u2019 he noted.<\/p>\n

REDAN President, Rev. Chime Ugochukwu noted that the two organisations agreed to work together in the area of research, advocacy, training and housing finance.<\/p>\n

Chime said that the MoU also captured the interface with the state governments and the Federal Capital Territory on land administration, approvals, titling, foreclosure<\/a> and permits.<\/p>\n

\u201cWith the bridges being built, we envisage a new era of cooperation and enhanced access to opportunities and growth of real estate sector.<\/p>\n

The expert reiterated the association\u2019s commitment to collaborate with critical stakeholders in the sector with a view of galvanizing resources to reflate the economy.<\/p>\n

\u201cBeyond finance, critical stakeholders should always be brought on board in policy formulation with a view of having effective and deliverable policies,\u201d he said.<\/p>\n<\/div>\n

[ad_2]
\n
 link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Acting Managing Director, FMBN, Richard Esin(left); Minister of State, Power, Works and Housing, Mustapha Baba Shehuri; … NMRC, developers seal deal on housing finance<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2236,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[519,1398,1399,1331,12908,543,344,1442,408,1032,522,1007,41,818,84,857],"class_list":["post-2235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-africa","tag-developers","tag-development","tag-finance","tag-home","tag-home-buying-guide","tag-housing","tag-in-housing","tag-mortgage","tag-mortgage-bank","tag-nigeria","tag-owners","tag-property","tag-real","tag-real-estate","tag-real-estate-sector"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/REDAN-20-03-2017.jpg?fit=1280%2C721&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1850,"url":"https:\/\/amazingproperty.com.ng\/blog\/redan-housing-finance-institutions-to-meet\/","url_meta":{"origin":2235,"position":0},"title":"REDAN, housing finance institutions to meet","author":"Amazing Property","date":"March 13, 2017","format":false,"excerpt":"Rev Ugochukwu ChimeWith the recent signing of the $2 billion deal by the Real Estate Developers\u2019 Association of Nigeria (REDAN), all is now set for members of the association to fast track the provision of affordable housing for Nigerians. Real Estate Developers\u2019 Association President, Rev. Ugochukwu Chime who spoke on\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/Rev-Ugochukwu-Chime.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/Rev-Ugochukwu-Chime.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/Rev-Ugochukwu-Chime.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/Rev-Ugochukwu-Chime.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/Rev-Ugochukwu-Chime.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5991,"url":"https:\/\/amazingproperty.com.ng\/blog\/housing-finance-fg-launches-easy-affordable-scheme\/","url_meta":{"origin":2235,"position":1},"title":"Housing finance: FG launches easy, affordable scheme","author":"Amazing Property","date":"August 29, 2017","format":false,"excerpt":"\u2026Says scheme to strengthen housing sector By Kingsley Adegboye & Ebi Asingba DETERMINED to make housing finance easy and affordable, the Federal Government has initiated Nigeria Housing Fund Programme, NHFP, which is under the Social Investment Fund of the Federal Government in which N100 billion has been set aside for\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"estate-12.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/estate-12.jpg?fit=412%2C202&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5810,"url":"https:\/\/amazingproperty.com.ng\/blog\/senate-panel-partners-abuja-magazine-on-housing-confab\/","url_meta":{"origin":2235,"position":2},"title":"Senate panel partners Abuja magazine on housing confab","author":"Amazing Property","date":"August 21, 2017","format":false,"excerpt":"Housing Circuit Magazine in conjunction with the Senate Committee on Lands, Housing and Urban Development, National Assembly is hosting a two-day Conference on: Addressing Housing Stock Deficit in Nigeria: A Holistic View. This brainstorming event is scheduled to hold at the Abuja Sheraton Hotel and Tower from September 26 -27.\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Abuja_gate-e1429797357369.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/Abuja_gate-e1429797357369.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/Abuja_gate-e1429797357369.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/Abuja_gate-e1429797357369.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/Abuja_gate-e1429797357369.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/Abuja_gate-e1429797357369.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":7936,"url":"https:\/\/amazingproperty.com.ng\/blog\/nmrc-modern-shelter-seal-deal-on-affordable-housing\/","url_meta":{"origin":2235,"position":3},"title":"NMRC, Modern Shelter seal deal on affordable housing","author":"Amazing Property","date":"January 29, 2018","format":false,"excerpt":"A new Memorandum of Understanding has been endorsed between Nigeria\u2019s foremost mortgage underwriter and a pioneer mortgage brokerage and real estate marketing firm that ensures the removal of barriers to home ownership for off takers. The deal between the Nigeria Mortgage Refinance Company (NMRC) and Modern Shelter Systems and Services\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Nigerians 3 1062x598.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/Nigerians-3-1062x598.jpg?fit=1062%2C598&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/Nigerians-3-1062x598.jpg?fit=1062%2C598&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/Nigerians-3-1062x598.jpg?fit=1062%2C598&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/Nigerians-3-1062x598.jpg?fit=1062%2C598&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/Nigerians-3-1062x598.jpg?fit=1062%2C598&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5264,"url":"https:\/\/amazingproperty.com.ng\/blog\/dogara-governors-others-for-abuja-housing-show\/","url_meta":{"origin":2235,"position":4},"title":"Dogara, governors, others for Abuja housing show","author":"Amazing Property","date":"July 10, 2017","format":false,"excerpt":"All is set for the 11th Abuja Housing Show scheduled at the International Conference Centre Abuja next week, which focuses on providing practical solutions to housing problems in Africa. The exhibition is organized by FESADEB Media Group promoters of Housing Development Programme on AIT, NTA and Housing time on Raypower.\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/Abuja.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/Abuja.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/Abuja.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/Abuja.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/Abuja.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":6926,"url":"https:\/\/amazingproperty.com.ng\/blog\/sectors-experts-reiterate-call-for-long-term-real-estate-financing\/","url_meta":{"origin":2235,"position":5},"title":"Sector\u2019s experts reiterate call for long-term real estate financing","author":"Amazing Property","date":"November 6, 2017","format":false,"excerpt":"Housing experts have urged the federal government to boost the development of the real estate sector through improved long- term financing. They also noted that a paradigm shift in the current housing deficiency could only be witnessed if effective housing development and mortgage financing was put in place. Speaking at\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Real estate news","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Real-Estate1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Real-Estate1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Real-Estate1.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Real-Estate1.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/Real-Estate1.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=2235"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2235\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/2236"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=2235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=2235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=2235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}