{"id":6635,"date":"2017-10-16T03:45:11","date_gmt":"2017-10-16T03:45:11","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/experts-back-cooperative-model-for-housing-financing\/"},"modified":"2017-10-16T03:45:11","modified_gmt":"2017-10-16T03:45:11","slug":"experts-back-cooperative-model-for-housing-financing","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/experts-back-cooperative-model-for-housing-financing\/","title":{"rendered":"Experts back cooperative model for housing financing"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"53.188426111334\">\n<article data-post-type=\"post\" data-post-id=\"442758\" readability=\"51\">\n<div id=\"attachment_119199\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/guardian.ng\/wp-content\/uploads\/2016\/04\/housing.jpg?resize=1280%2C720&#038;ssl=1\" data-lazy-src=\"https:\/\/i0.wp.com\/guardian.ng\/wp-content\/plugins\/ventra-lazy-load\/images\/1x1.trans.gif?ssl=1\" data-lazy-srcset=\"https:\/\/guardian.ng\/wp-content\/uploads\/2016\/04\/housing.jpg 1280w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/04\/housing-640x360.jpg 640w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/04\/housing-1062x598.jpg 1062w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/04\/housing-320x180.jpg 320w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/04\/housing-531x299.jpg 531w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/04\/housing-600x338.jpg 600w\" class=\"size-full wp-image-119199 lazyload\" alt=\"\" width=\"1280\" height=\"720\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\"\/><noscript><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-119199 lazyload\" src=\"https:\/\/i0.wp.com\/guardian.ng\/wp-content\/uploads\/2016\/04\/housing.jpg?resize=1280%2C720&#038;ssl=1\" alt=\"\" width=\"1280\" height=\"720\" srcset=\"https:\/\/guardian.ng\/wp-content\/uploads\/2016\/04\/housing.jpg 1280w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/04\/housing-640x360.jpg 640w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/04\/housing-1062x598.jpg 1062w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/04\/housing-320x180.jpg 320w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/04\/housing-531x299.jpg 531w,https:\/\/guardian.ng\/wp-content\/uploads\/2016\/04\/housing-600x338.jpg 600w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\"\/><\/noscript><\/p>\n<p class=\"wp-caption-text\"><a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">housing<\/a> estate in Lagos<\/p>\n<\/div>\n<p>Developmental experts have called for a\u00a0shift from existing conventional housing finance to cooperative and sustainable <a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">mortgage<\/a> <a href=\"https:\/\/amazingproperty.com.ng\/blog\/construction-loans-for-commercial-and-residential-builders\/\">financing<\/a> culture, which aid in inclusive housing.<\/p>\n<p>They spoke at the\u00a0Lagos Development Envison Lab (LAGDEL)\u00a0hosted by\u00a0the\u00a0Arctic Infrastructure and the Heinrich Boll Stiftung Nigeria in which young professionals in the built environment and youth from different low-income communities in Lagos were pre selected.<\/p>\n<p>Leading the call at the event, which also brought together community groups and professionals under the same knowledge platform, project director,\u00a0AI,\u00a0Mr. Lookman Oshodi\u00a0underscored the relevance of the programme to the future governance, administration and management of large city like Lagos by bringing youth from different background together to review common challenges and predict future of the city.<\/p>\n<p>He said the\u00a0programme was conceptualized to close the huge gap observed in the human capacity to effect development changes that could respond to the needs of the majority of the residents while modeling different development scenarios for the city of Lagos in the next 15 to 20 years.<\/p>\n<p>According to him, the Lab focused on \u201cHousing in the Larger Development of Lagos\u201d.\u00a0\u00a0The four day residence training programme\u00a0brought together selected talented youth from informal settlements with young professionals from the built environment to share knowledge on the fundamental problems and alternative development strategies for the city of Lagos.<\/p>\n<p>The Masters Students of the Department of Architecture, Stuttgart State Academy of Art and Design, Stuttgart, Germany joined the youth in the programme.<\/p>\n<p>In his remark, Mrs. Monika Umunna of\u00a0Heinrich Boll Stiftung Nigeria outlined inclusive housing approach for the city of Lagos\u00a0as one of the recommendations of the Lab.<\/p>\n<p>Earlier, the General Manager of Lagos State Urban Renewal Agency, Mr. Lateef Sholebo said the agency is studying tax credit finance mechanism to be considered in the <a href=\"https:\/\/amazingproperty.com.ng\/blog\/get-quick-loan-for-real-estate-investment\/\">funding<\/a> of urban regeneration and redevelopment projects in Lagos.<\/p>\n<p>Also the\u00a0Lagos State Commissioner of Housing, Mr. Gbolahan Lawal represented by Assistant Director in the Ministry, Muritala Balogun,\u00a0said the newly introduced <a href=\"https:\/\/amazingproperty.com.ng\/blog\/rentbeforeowning-for-first-time-homebuyers\/\">Rent to Own<\/a> and Rental Housing policies of Lagos State are designed to ensure adequate housing for residents of Lagos State.<\/p>\n<\/article>\n<p>\t\t\t<br class=\"clear\"\/><br \/>\n\t\t\t<br class=\"clear\"\/><\/p><\/div>\n<p><a hre=\"http:\/\/guardian.ng\/property\/experts-back-cooperative-model-for-housing-financing\/\"> Guardian <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>housing estate in Lagos Developmental experts have called for a\u00a0shift from existing conventional housing finance to &hellip; <a title=\"Experts back cooperative model for housing financing\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/experts-back-cooperative-model-for-housing-financing\/\"><span class=\"screen-reader-text\">Experts back cooperative model for housing financing<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":6467,"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":[1399,344,684,408,522,41,10234,15309],"class_list":["post-6635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-development","tag-housing","tag-lagos","tag-mortgage","tag-nigeria","tag-property","tag-settlement","tag-ups"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/housing.jpg?fit=1280%2C720&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2173,"url":"https:\/\/amazingproperty.com.ng\/blog\/experts-seek-fiscal-measures-to-fix-housing-problems\/","url_meta":{"origin":6635,"position":0},"title":"Experts seek fiscal measures to fix housing problems","author":"Amazing Property","date":"January 10, 2023","format":false,"excerpt":"Housing Problem: There is great potential in the nation\u2019s real estate sector. Experts in the real estate have urged the Federal Government to ensure fiscal measures such as tax reliefs, subsidies, provision of social housing as well as various regulations, aimed at influencing the quality and pricing of housing in\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Housing Mortgage","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/house-housing-1024x340.png?fit=1024%2C340&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/house-housing-1024x340.png?fit=1024%2C340&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/house-housing-1024x340.png?fit=1024%2C340&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/house-housing-1024x340.png?fit=1024%2C340&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":6091,"url":"https:\/\/amazingproperty.com.ng\/blog\/group-experts-chart-path-for-low-income-housing\/","url_meta":{"origin":6635,"position":1},"title":"Group, experts chart path for low-income housing","author":"Amazing Property","date":"September 4, 2017","format":false,"excerpt":"Programme Manager of Heinrich Boell Stiftun, Mrs. Monika Umunna, stressed that housing is one of the biggest issues all over the world, which has led to middle income earners and low-income earners having a big challenge of affordable housing, it is more prominent in Lagos. Poised to address the colossal\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","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\/08\/Mass-housing-2.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\/Mass-housing-2.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/Mass-housing-2.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/Mass-housing-2.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/Mass-housing-2.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":8252,"url":"https:\/\/amazingproperty.com.ng\/blog\/stakeholders-chart-new-path-for-low-income-homes-project-financing\/","url_meta":{"origin":6635,"position":2},"title":"Stakeholders chart new path for low-income homes, project financing","author":"Amazing Property","date":"February 12, 2018","format":false,"excerpt":"Dr. Olajumoke Akiode With housing production estimated at 100, 000 housing units per year, experts in housing industry have called for adequate housing finance for the low-income group, which constitutes larger part of the population. According to them, the lowest recorded interest rate on a mortgage in Nigeria is 19\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Olajumoke Akiode.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/olajumoke-akiode.jpg?fit=640%2C359&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/olajumoke-akiode.jpg?fit=640%2C359&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/olajumoke-akiode.jpg?fit=640%2C359&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":4751,"url":"https:\/\/amazingproperty.com.ng\/blog\/firms-groups-tap-into-german-social-housing-model\/","url_meta":{"origin":6635,"position":3},"title":"Firms, groups tap into German social housing model","author":"Amazing Property","date":"May 29, 2017","format":false,"excerpt":"According to\u00a0 Debo Adejana, the\u00a0 managing Director and Chief executive\u00a0 officer of Realty Point Limited and estate developer, who was in the team,\u00a0 adoption of this model in Nigeria social housing schemes will\u00a0 address the development of ghettos. PHOTO: LAGOS HOMS A new hope for Nigeria\u2019s housing delivery may have\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","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\/05\/Lagos-Housing.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\/05\/Lagos-Housing.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/Lagos-Housing.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/Lagos-Housing.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/Lagos-Housing.jpg?fit=1200%2C675&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":6635,"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 &quot;Opportunities In New Markets&quot;","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":7417,"url":"https:\/\/amazingproperty.com.ng\/blog\/experts-seek-law-to-tackle-housing-challenges\/","url_meta":{"origin":6635,"position":5},"title":"Experts seek law to tackle housing challenges","author":"Amazing Property","date":"December 11, 2017","format":false,"excerpt":"PHOTO: Architecture Lab Stakeholders in the housing sector have advocated for a law that will help Nigerians surmount challenges facing the provision of affordable housing in the country. They also said that time has come for government at all levels to leverage and unlock the potentials in that sector to\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","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\/lagos.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\/lagos.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/lagos.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/lagos.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/lagos.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/6635","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=6635"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/6635\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/6467"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=6635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=6635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=6635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}