THE FEDERAL HOUSING AUTHORITY OF NIGERIA – PUBLIC PRIVATE PARTNERSHIP

THE FEDERAL HOUSING AUTHORITY OF NIGERIA – PUBLIC PRIVATE PARTNERSHIP

The Public-Private and Public-Public Partnership Programmes of the Authority will support small, medium and large scale estate development proposals which adopt integrated approach for sustainable housing delivery. Key objectives of the programmes include:

1. Establish viable and sustainable Partnerships between the Authority and Private/Public investors/developers in the delivery of decent housing in sustainable environments.
2. Foster partnerships which are profitable, cost effective, leveraging on the strengths of Private Partners in project financing, financial prudence and effective management.
3. Provide decent and affordable housing units with a view to reducing the acute shortage of housing in the country.
4. Contribute to urban regeneration through redevelopment/renewal of Authority’s existing estates across the nation.
5. Showcase the PPP as a veritable tool for housing delivery.
6. Create opportunities for business enhancement for parties in the partnership and through it enhance the contributions of the housing sector to the economic well-beings of Nigerians.
7. Facilitate the provision of on-site infrastructure.

SCOPE OF THE PROGRAMMES

1. The Authority will undertake PPP developments in all geo-political zones of Nigeria and the Federal Capital Territory.
2. The programme aims at developing fully integrated housing estates with basic infrastructure and services that enhance the standard of living of Nigerians.
3. Estate upgrading, community renewal, infrastructure and general services improvement/maintenance in existing estates of the Authority will be addressed in consultation with Residents Associations.
4. The adaptation of tested techniques and innovations in housing delivery will be encouraged. This will serve as a source for skills acquisition and capacity development.
5. Explore other areas of partnership that would help the Authority fulfill its mandate.

KEY STAKEHOLDERS

1. Federal Housing Authority
2. Federal Ministry of Land, Housing and Urban Development
3. States, FCT and Local Governments in the Federation
4. Federal Mortgage Bank of Nigeria
5. Private Investors
6. Nigerian Investment Promotion Council
7. Real Estate Developers Association of Nigeria
8. Manufacturers of Building Materials
9. Financial Institutions
10. Bilateral & Multilateral Agencies
11. Communities
12. Residents Associations
13. Housing Cooperatives
14. Professional Bodies
15. Research Institutions
16. Primary Mortgage Institutions (PMIs)

OBLIGATIONS OF KEYS PARTNERS
Federal Housing Authority (FHA)

1. Provision of land in suitable locations in collaboration with State, FCT and Local Governments.
2. Survey demarcation and acquisition of titles to land
3. Grant Development Lease of years certain, renewable if necessary to Investors/Developers in accordance to the terms of the Memorandum of Understanding (MOU).
4. Issuance of appropriate title documents to eventual beneficiaries of the housing units.
5. Provision of technical support and monitoring of the project.
6. Co-ordination of stake holders’ consultation.
7. Appraise detailed development plans, designs of building to ensure compliance with standards, codes and general land use plan of gthe locality.
8. Appoint Facility Manager and Establish Residents Associations for post delivery maintenance & management of estate.
9. Joint marketing of products and operation of Escrow account.
10. Estate branding, street naming and house numberings.
11. Enforcement of development control regulations.

INVESTMENT/DEVELOPERS

1. Submit comprehensive development proposals in line with this guidelines, and as may be amended or reviewed from time to time;
2. Mobilize financial resources to fund the development and show satisfactory evidence of availability of funds through an irrevocable letter of commitment from a financial institution acceptable to the Authority;
3. Provide performance bond (renewable) issued by a licensed bank in Nigeria in favour of Federal Housing Authority against 25% of the total capital outlay within 30 days from the date of grant of vacant possession of site;
4. Implement and manage the construction of the houses under a joint monitoring team;
5. Provide standard on-site infrastructure services;
6. Joint marketing of products and opening/operation of Escrow account;
7. Payment of the sum of N1,000,000.00 (One Million Naira) only as processing and appraisal fee (subject to review without prior notice);
8. Payment of the sum of N250,000.00 (Two Hundred and Fifty Thousand Naira) only as legal fees (subject to review without prior notice);
9. Obtain relevant approvals before passion of site