Federal Government Sets Uniform Prices for Renewed Hope Housing Units Nationwide
The Federal Government has approved standardized prices for housing units under the Renewed Hope Housing Programme, a move aimed at ensuring fairness, affordability, and transparency across all states.
Under the new pricing framework announced by the Federal Ministry of Housing and Urban Development (FMHUD), a one-bedroom unit will sell for ₦8.5 million, a two-bedroom unit for ₦11.5 million, and a three-bedroom unit for ₦12.5 million.
Standard Pricing for Nationwide Equity
According to the ministry, the decision to harmonise housing prices marks a key step in ensuring equitable access for Nigerians regardless of location. The policy eliminates regional price disparities that previously existed across federal housing schemes, thereby providing a level playing field for prospective homeowners.
The Renewed Hope Housing Programme, launched under the administration of President Bola Ahmed Tinubu, forms part of the government’s broader housing reform agenda designed to deliver affordable homes to low- and middle-income Nigerians.
By setting a uniform price structure, the government aims to improve transparency, strengthen investor confidence, and make homeownership more predictable for both developers and buyers.
The housing units will be available through multiple financing options, including outright purchase, mortgage, rent-to-own, and instalment payment plans to accommodate different income levels and payment capacities.
Priority will be given to civil servants, low- and middle-income earners, private sector workers, and Nigerians in the diaspora, reflecting the administration’s commitment to inclusive housing delivery.
Interested applicants can access the official application portals via www.fmhud.gov.ng and renewedhopehomes.fmhud.gov.ng.
Advancing the Renewed Hope Agenda
The Renewed Hope Housing Programme, spearheaded by FMHUD, seeks to address Nigeria’s estimated housing deficit of over 28 million units, according to recent data from the Federal Mortgage Bank of Nigeria (FMBN).
By integrating public-private partnerships and alternative funding mechanisms, the programme aims to deliver 100,000 housing units annually under the first phase, targeting strategic urban and semi-urban locations across all geopolitical zones.
The initiative also supports the government’s long-term goal of stimulating the housing value chain from construction and materials production to job creation and mortgage expansion.
A Step Toward Nationwide Housing Equity
Housing analysts have described the uniform pricing framework as a progressive move toward market stability and affordability in Nigeria’s residential real estate sector. Standardised pricing, they note, could also enhance private-sector participation by improving predictability in housing project financing.
The Federal Government reaffirmed that the Renewed Hope Programme will remain a cornerstone of its social and economic development strategy, ensuring that “every Nigerian has access to a safe, decent, and affordable home.”
