The Millard Fuller Foundation is set to hold its first Quarterly housing seminar with the theme: “Affordable Mortgage financing for the Informal Sector: the way forward.”
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The seminar which is strictly by invitation will take place at the Corporate Headquarters of the Millard Fuller Foundation on Thursday, 22nd of March, 2018 and will have in attendance experts from the mortgage financing sector in Nigeria.
The seminar is expected to be a quarterly event which will bring together on a round table, experts and professionals in the housing sector to proffer workable solutions to the numerous challenges bedeviling the housing sector in Nigeria.
The half-day program will include an introduction of the new underwriting standards for the informal sector by the Nigerian Mortgage Refinance Company (NMRC), as well as an overview of the new ‘My Own Home’ program by the National Housing Program of the Central Bank of Nigeria. In addition, we will have an overview of the role of the Federal Mortgage Bank of Nigeria (FMBN) in supporting the informal sector.
For the private sector, we will consider the first hand experiences of two groups – LAPO MFB & The Assured Group – who are implementing innovative products directed at cooperatives & the informal sector in general.
A site tour of the 1,000-unit affordable housing community being developed by the Family Homes funds will follow immediately afterwards.