There are 102 new home owners appeared on Wednesday as being the 5th within the series of the general public draws for Lagos Home Ownership Mortgage Scheme held throughout Lagos.
The series of draws began on March 4, this year.
The draw, which was held at the Blue Roof Multipurpose Hall of the Lagos Television, Ikeja, produced winners of homes in five schemes of the Lagos HOMS-Chois Gardens, Abijo-Lekki, Hon. Olaitan Mustapha Estate, Ijaiye-Ojokoro, Hon. Rotimi Shotomiwa Estate, Igbogbo-Ikorodu, Ilupeju Scheme, Ilupeju and Shogunro Scheme 1&2, Ikeja.
In his remarks after the draw, the State Governor, Mr. Babatunde Fashola(SAN), announced plans by the government to begin a new scheme to be called Rent-To-Own, which, he said would take care of those whose income could not sustain mortgage now but might qualify in future.
Fashola, who expressed satisfaction that the Scheme was achieving its purpose, explained that the Rent-To-Own scheme was necessitated by the fact that some people, who could not afford a mortgage now, if given more time, would be able to do so such as teachers and junior public servants.
He told the gathering of a cross section of pre-qualified applicants, public sector officials, civil servants and members of the public, “We have run the mortgage for some time and we are seeing that there are some people, who cannot yet afford a mortgage but if we give them more time, we think they can.
“So, we are opening the door of accessibility further. We are starting a new scheme called Rent-To-Own. We are looking at teachers; we are looking at junior public servants, who cannot at this point keep a mortgage because they have not worked for that long to acquire the kind of savings that is necessary. We are looking at those people and we think the Rent-To-Own will be just the thing to finally bring them in to benefit,” the governor said.
