FG raises mortgage ceiling to N85m, targets 2,000 loans annually
When operational, this policy will introduce developer licensing, escrow protection for buyers’ funds, construction quality assurance, professional registration, and a National Housing Industry Data Observatory, NHIDO, to improve transparency.…Darma orders FMBN to expand access, proposes rent registry, escrow for developers By John Alechenu, Abuja The federal government has raised the ceiling for mortgage loans to ₦85 million as part of efforts to deepen access to housing finance and strengthen regulation in the real estate sector.
In a bid to address this, Darma said the ministry is developing a National Housing and Built Environment Regulation Policy, NHBERP.
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