The Secretary of the Fuller Housing Cooperative, John Olugbemi, has said that the organisation is set to make houses more accessible to low-income earners through the Cooperative. He stated this during a panel discussion titled ‘Cooperative Housing: An Opportunity to Redefine the Mortgage and Home-buying Experience in Nigeria’ at the 13th edition of the Abuja Housing Show which held at the International Conference Centre on 17th to 20th July 2019.
Olugbemi who spoke alongside notable housing experts, Maj. Gen. Tunde Reis, Dr. Joshua Egbagbe, the Executive Chairman of the Edo Development and Property Agency (EDPA), Isoken Omo, and Dr. SKY Adelakun of NISH Cooperative Housing, noted that if the rising housing gap is to be successfully tackled, houses must not only be affordable, but offtake financing options should be made affordable so they could be attractive to those who are truly in need.
He further stated that the Fuller Housing Cooperative is not only bringing persons with common needs together under one platform, it is also using the opportunity to provide and build up the offtake base for homes that will be built by the Millard Fuller Foundation, an organisation that is known to provide simple, basic and decent affordable homes for low-income earners in Nigeria.
Established in 2019, the Fuller Housing Cooperative is designed to provide an avenue through which members can come together to aggregate resources to access affordable mortgage funding to own their homes.