Lagos HOMS: Board Disqualifies 903 Applicants

Not less than 903 prospective home owners who applied for the Lagos State Home Ownership Scheme (Lagos HOMS) have been disqualified by the Lagos State Government for various reasons.

Only 97 applicants were successful and would participate in the draw coming up on Tuesday at the Blue Roof in LTV 8 on Lateef Jakande Road, Lagos.
Secretary to the board of Lagos HOMS, Mr. Bayowa Forsythe told reporters earlier on that about 1000 people have applied for the home ownership scheme adding that about 200 houses are expected to be given out in the Tuesday draw.

All the applicants paid N10,000 processing. Speaking at the an occasion to present the scheme in Lagos, Governor Babatunde Fashola said the houses are only available for residents of Lagos who have paid taxes for a period of 5 years and registered with Lagos State Resident Registration Agency (LASRA) and residents who have never owned a home in Lagos.

Successful applicants are expected to pay 30 percent of the total cost of the house and pay the remaining 9.5 percent over a period of 10 years.

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The prices range from N4.2 million for room and parlour and N4.10 million to N9.08 million for one bedroom flat depending on the area, two bedroom N6.22 million to N18.61 million(Gbagada) and three bedroom ranging from N9.96 million(Hon Shotomiwa Estate Igbogbo) to N32.53 million the highest in Gbagada Phase II.