From Muhammad Ibrahim, Kaduna
In an effort to solve accommodation problems in the state, Kaduna State Government will today (Wednesday) sign a Memorandum of Understanding (MoU) with Trans Atlantic Integrated Development Limited for the construction of 3000 units of houses under its Public Private Partnership (PPP) on Mass Housing Scheme.
Governor Muktar Ramalan Yero disclosed this when the management of the company paid a courtesy call on him at Sir Kashim Ibrahim House.
According to him, his administration is committed to bridging the housing deficit in the State by taking advantage of the mortgage system to be provided through partnership with private developers.
“our administration attaches great importance to housing development in Kaduna State and Government is concerned about finding ways to address the huge deficit in housing. The mortgage scheme will encourage personal ownership of houses through the refinancing policy of the company.
Governor Yero also attributed the widespread corruption in the country to desperate efforts by citizens to own personal houses said with this development, he believe people will no longer be under pressure to own their houses.
Under the arrangement, the Trans Atlantic Integrated Development Limited is to construct 3000 units of houses, while Kaduna State Government provides Certificate of Occupancy for 100 hectares of land to be used for the project.
In his remarks, Chairman of the Company, Mike Williams said the mortgage refinancing system will enable beneficiaries to pay for the houses with a period span of between 20 to 25 years.
He said 90 percent of materials for the project are to be sources locally. This according to him will boost the economy of Kaduna State by creating jobs for unemployed youths.
