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An Evaluation Of The Challenges To Providing Affordable Housing In Nigeria
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There
are also many other factors affecting the supply of housing from
private sector housing developers prominent of which is the cost of
production and the opportunity cost to the developer’s finite funds in
either providing middle income housing or high income segment housing or
low income housing. The developers have to consider the rate of return
to their investment and how fast they’ll realize this. But these are not
the only factors affecting the supply of low income housing and the
other factors should also be put into consideration. Provision of low
cost housing to the increasing number of lower and middle income classes
in the country has also been hugely affected by the cost of land and
inadequate infrastructure (Bonyo, 2010).
The problem that this
research seeks to address is that of the shortage in housing supply for
low income households and the challenges faced by both existing and
potential developers in this market. Issues to be addressed in this
research study include the factors affecting low income housing supply,
the motivating factor to existing developers in venturing into this
market and the housing models they have adopted in their projects.
1.3 Research Objectives
The
purpose of this study is to research on the factors affecting housing
development for the low income market. It seeks to achieve the following
objectives:
To identify the motivation behind existent players in the industry whether profit, social or other.
To analyze the housing model that has been adopted here in Makurdi by existing housing developers for the low income market.
To examine the challenges faced by housing developers in the low income market and hindrances to their efforts.
1.4 Research Questions
The research aims to answer the following key questions:
What is the motivation behind existing players of housing development in the low income market?
What are the housing development models that have been adopted in Makurdi for affordable housing projects?
What are the challenges faced by the developers in the low income housing market?
1.5 Importance of this research study
This research study will be of benefit to the following key stakeholders in the housing industry: Housing Social Enterprises.
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ABSRACT - [ Total Page(s): 1 ]The context of this research study is provison of afforedable housing for Nigerians especially for the low income households.Housing is the provision of shelter; an abode to live in. Shelter should be adequate, affordable and decent. Adequate in that there are enough good quality rental and owner occupier housing units for low income families. Affordable in that total housing costs are affordable to those that have low income. Decent in that it provides a foundation for good physical and mental ... Continue reading---
