House One Million Ecodeme (HOME) is a company registered in Nigeria for the sole purpose of providing housing solutions to the Nigerian market. It is a purpose driven venture with an ambitious vision of profitably housing one million Nigerians over the next five years (by 2022). This translates to providing 200,000 housing units assuming an average of five persons per household. HOME’s strategy is market driven and is focused on three main areas: Affordable Housing, Student Housing, & Specialized Housing. HOME’s addressable market in Nigeria are individuals with an annual income level between N1.2m and N20m.
HOME’s strategy in Nigeria entails deploying innovative project finance and project management frameworks working with mortgage banks, funding partners, technical and engineering firms, real estate market institutions and other input providers to deliver sustainable and affordable housing solutions. HOME uses a Transit Oriented Development (TOD) model where project sites are chosen in locations proximate to transport infrastructure. HOME has a project pipeline of various stand alone and embedded affordable housing project across Nigeria. Some of HOME’s ongoing projects are in the FCT Abuja, Lagos and Kaduna State.
AFFORDABLE HOUSING PROJECT
Synopsis: Affordable Housing Project consisting 1,300 units of studios, 1,2,3-bedroom apartments.
Site/location: Abuja, Airport road in the capital of the country.
Sponsor: 50 year old business establishment led by seasoned Indian business man
AIBI Smart City PROJECT
Synopsis: 300-hectare land reclamation and development project.
Sponsor: Consortium of 4 established local real estate investors and Nigerian Army Properties Limited.
AFFORDABLE HOUSING PROJECT KADUNA
Synopsis: Affordable housing on 50 hectares of land in Barnawa, Kaduna State consisting of 2995 units
Site/location: Barnawa, Kaduna State. Nigeria
Sponsor: Kaduna Based Entrepreneur. Joint venture with the Nigerian Immigration Service
AFFORDABLE HOUSING PROJECT ABUJA
Synopsis: Affordable Housing on 35 hectares of Land in Abuja consisting of 3,142 units.
Site/location: Along Kubwa Express Road, Abuja. Nigeria
Sponsor: Swiss Pakistan national based in Abuja