International records / African Development Bank

Nigeria - Family Homes Funds Project - Project Appraisal Report

The objectives of the Project are to (i) stimulate the provision of sustainable and affordable mortgage financing to eligible lower middle to middle income households; (ii) deepen the housing finance system and strengthen linkages between primary and secondary mortgage markets as well as boost job creation in Nigeria. It aims to do so by catalysing the provision of long-term local currency mortgage financing by primary mortgage lenders to eligible households, through a risk sharing mechanism. The Project incorporates a technical assistance grant, financed under the Youth Entrepreneurship and I…