50,000 COOPERATIVE MEMBERS SHOW INTEREST IN FHA SCHEME

   

The Federal Housing Authority says about 50,000 members belonging to 800 cooperative societies nationwide have indicated interest in its social and cooperative housing programme. The FHA’s Managing Director, Prof. Mohammed Al-Amin, said many of the cooperatives came on their own upon knowing about the social and cooperative housing scheme. It said in a statement that the FHA was deliberately cultivating cooperatives in various parts of the country so as to strengthen them to tap into the programme. Al-Amin was quoted as saying the financially weak members of cooperative societies could latch onto the strength of the group to make their homeownership dreams come true. “The Authority is focusing on housing delivery for the most vulnerable groups in the society comprising the no-income, low-income and middle low-income earners. To that end, the FHA has developed special packages in collaboration with non-governmental, faith-based and community-based organizations,” he said. He added that the FHA was also working with research institutes for the development of local materials for the construction of houses.