Altair assists newly established housing vehicle in Nigeria
The chance to support an innovative organisation established to kickstart the Nigerian affordable housing market.
Family Homes Fund (FHFL) was a new organisation set up jointly by the Nigerian Government and the Nigerian Sovereign Investment Authority. Altair were commissioned to support FHFL in a review of the affordable housing system in Nigeria to develop a business model. This led to the preparation of a financial plan, business plan and governance structure. Altair also aided in the negotiations of joint ventures, future debt funding and pension equity investment as well as different forms of tenure including purchase by instalments, rent to own and developing the mortgage market for outright sales.
Altair has a wealth of experience assisting foreign clients in establishment of affordable housing structures, so over the lifetime of the project that was split into three phases, were able to:
Altair were able to:
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