Femi Adewole is a housing finance professional with over 25years experience leading housing initiatives across Sub Sahara Africa and the United Kingdom. Before his appointment as the Managing Director of Family Homes Funds, he was Managing Director of Shelter Afrique, the Nairobi-based pan-African housing company.
He has served in various capacities in some of the largest housing companies around the globe such as First World Communities Ltd, Watford Community Housing Trust, Notting Hill Housing Group, and Lagos HABITAT 2011 Project amongst others.
Mr Adewole, is an alumnus of the Harvard Kennedy School and Warwick Business School. He is a chartered architect as well as a planning and development professional with the Royal Institute of Chartered Surveyors.
Currently, he is leading the biggest social housing fund in sub-Saharan Africa – Family Homes Funds – to build at least 500,000 affordable homes in Nigeria between 2018 and 2023 with about N500 billion.
Barely a year since its kick-off, Family Homes Funds has financed the development of at least 1050 homes with another 3000 at different stages of development. They have been able to create about 1400 jobs through these projects. Over 500 units have been completed in Nasarawa state, 750 in Kano, 650 in Delta and many more all over the country.
Most states that are in partnership with the Fund are now keying into the program to provide housing for their staff through the fund. In Borno state, the Fund is providing about 4700 homes, with 3000 of those being very low cost homes for Internally Displaced Persons (IDPs).
The Fund which also recently signed a ground-breaking deal with Yobe state to provide up to 2600 homes, believes that its projects including the one now initiated in Adamawa will improve the lot of the beneficiaries whom have always yearned to own their own homes.
The scheme has developed affordable home ownership packages like Help-to-Own and Rent-to-Own in order to ensure that those seeking to own their own homes can have access to affordable mortgage and rental opportunities.
Femi Adewole is Housingnews personality of the week and gets a thumbs up for an incredible work so far. It is the expectation of stakeholders that himself and his team gets the adequate support needed to achieve their lofty goals.
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