492 families benefit from Sanwo-Olu’s “Rent-To-Own” housing scheme

Lagos State Governor, Mr. Babajide Sanwo-Olu, presented keys to beneficiaries of his administration’s maiden rent-to-own housing scheme.

Sanwo-Olu allotted all the apartments of the Lateef Kayode Jakande Housing Estate in Igando to 492 families certified by the State’s Mortgage Board to benefit from the scheme.

Though, rent-to-own housing scheme took off earlier than expected.The allocation came four months after the housing estate was completed by the Sanwo-Olu administration.

A 56-year-old widow, Mrs. Fatimat Kosoko, betrayed emotion as her name was being announced to benefit in the scheme.

The mother of four, who is a staff of the Ministry of Education, said the scheme had brought a “huge relief” to her family, eight years after she had been struggling to provide decent accommodation for her children, following husband’s demise.

She got a 40 per cent rebate on the monthly payment to service the mortgage.