A technical committee has been set up for the disposal of the 2000 housing units under the Adamawa state low cost housing scheme.
Managing Director of the Adamawa Home and savings Limited, Giscard Stanley who disclosed this to pressmen Wednesday in Yola said the technical committee would work out modalities for the equitable distribution of the houses.
Staley said the 2000 housing units have already been fully subscribed noting that the cost of construction and the land have been heavily subsidizing under Governor Fintiri’s administration.
“The truth is that the 2000 housing units development is inevitable and necessary due to heavy deficit of the public”.Staley explained
He observed that there is intense pressure from the public for more houses against the backdrop of the influx of people into the state from neighboring states due to the Insecurity in the North East.
“There is intense pressure from the public for more houses as the state (Adamawa) is being regarded as a haven for people in neighboring states in the zone (North East) due to security challenges”.Staley stated.
He said Adamawa state has been having the challenge of housing deficit, as only the previous administrations of Former Governor Boni Haruna and Governor Murtala Nyako had earmarked on a housing estate for civil servants in the state., therefore,commended the efforts of Governor Umaru Ahmadu Fintiri for taking the giant stride in construction of this 2000 housing units including 1000 units situated at Malkohi area in the state capital while 1000 units spread across the 21 local government areas.
According to him,all things being equal the houses will be completed and ready for commissiong by June 2021 saying that the quality of the estate is of high standard.
The Managing Director added that the main target of the housing project is the civil servants and that the pricing of the units into consideration the earnings of the civil servants and low-income earners.
Staley observed that the major challenge of Adamawa Home and savings limited have been the need to meet up with recapitalization requirement as enshrined by the Central Bank directives.
He said however under the present Gov.Fintiri administration, all arrangements have been concluded to perfect recapitalization requirement of the mortgage institution.