COPEN Group, a consortium of God fearing professionals on Monday in Enugu inaugurated its fifth housing estate aimed at reducing the housing deficit in Enugu State.
The Group Managing Director, Rev. Ugochukwu Chime, said that the company had been involved in providing affordable housing to residents of the state in partnership with the Federal Mortgage Bank of Nigeria (FMBN).
Chime, who is also the National President of Real Estate Developers Association of Nigeria, said that the development of the estates were not without their challenges which could have undermined their realisation.
He said that the company was able to inaugurate the various projects due to God’s favour and the goodwill of their partners.
“COPEN has been involved in various capacities in the conceptualization, planning, design, financial intermediation, supervision, construction and management of estates development for organizations and governments across the country,” he said.
Chime named some of the estates completed so far by the group as Bethel Estate, Goshen Estate, Jubilee Estate and Elim Estate.
“The patronage and interest we got from the development of the development of Bethel Estate confirmed that Enugu is considerable yearning for effective and affordable housing,” he said.
Chime said that as part of the company’s corporate social responsibility, “we shall give free three to six months artisanal training to 23 youths of Amaechi Uwani Community.
“This is to ensure that their skill-set is in tandem with current use of the land. This is a policy I am introducing as National President of Real Estate Developers Association of Nigeria.
“It is called 20 for 1 policy: Train a youth for every 20 housing units you build,” he said.
Chime appealed to the state government to further reduce the transaction cost and time for title perfection which he said was solely borne by property owners.
He appealed to the state government to provide infrastructure to the boundary of estates in Enugu in line with National Housing Policy Document.