Lagos state about to introduce monthly rent payment for Housing schemes.
*Governor Ambode says this idea is because of the recession which has cut the power of people to pay for services and others.
The government of Lagos state has concluded plans to ensure residents in the state pay rents per month rather than yearly or half-a-year as has been the case for decades.
The Nation reports that Governor Akinwunmi Ambode confirmed this much when he embarking on an extensive inspection tour of projects across the state.
The plan will however only affect those that are on the state government’s Home Ownership Mortgage Schemes popularly called Lagos HOMS.
Governor Ambode said that the government has decided to scale up the rent-to-own policy by introducing monthly payment plan that will allow people pay monthly instead of being compelled to make a down payment of 30 per cent of the total cost or pay for one year.
“We believe strongly that people should be able to pay one month rent and live in our housing schemes. We don’t think in a recession, we should be having a situation where we allow people to come and buy when they don’t have money or to come and pay one year rent."
“We think the way to move forward is to allow these our younger ones to just pay one month deposit and pay one month rent and move into the houses and then more or less play up our rent-to-own scheme,” Governor Ambode said.
“In addition to that, the other housing projects that we are doing are on course and I want to assure Lagosians that in the next few months, we will be seeing a whole lot of housing units being rolled out,” the Governor said.
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