The Nigeria Mortgage Refinance Company (NMRC) and FCCNAPL properties Limited signed a Memorandum of Understanding to collaborate for the purpose of pursuing the initiative of improving access to affordable homes and deepening the mortgage market in Nigeria.
FCCNAPL is a special purpose entity set up in partnership with Nigeria Army Properties Limited to drive the development of “Asokoro Hills” in Abuja.
The Off-takers of the affordable homes built by FCCNAPL properties Limited will be from the file and rank of the Nigerian Army and members of the public. In view of this MoU, subscribers will have their mortgage applications handled by NMRC primary Mortgage Lenders to facilitate refinancing through NMRC.