AN ASSESSMENT OF ACCESS TO FINANCE FOR HOUSING DEVELOPMENT IN ZARIA URBAN AREA
AN ASSESSMENT OF ACCESS TO FINANCE FOR HOUSING DEVELOPMENT IN ZARIA URBAN AREA
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Date
2012-08
Authors
MESHUBI, O. ADEKUNLE
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Abstract
The need to assess the various variables towards individuals housing construction as well
as their sources of funding is imperative. Thus, the impact of finance through the granting
of loans and funding to individuals to encourage housing development as well as urban
development cannot be overemphasized. The study examines access to finance for housing
development in Zaria urban area. It assesses the challenges of source of finance for housing
development. The study utilizes clustered and random methods of sampling to select the
neighbourhoods, households and the institutions for data collection. The data collected through
the structured instrument was subjected to descriptive and statistical analysis. The study
reveals that mortgage finance is not a major source of finance for housing development
and that the majority of the respondents are not significantly aware of mortgage finance
as a source of funds for housing development. It was also observed that informal source
is the major source of finance for the low-income earner and that the level of access to
finance for housing development is very low. It further shows that funds obtained from
cooperatives societies for housing development are often insufficient. The study
recommends that public awareness should be embarked upon for mortgage finance and
the stringent conditions required for housing loan should be reviewed. Also, the
integration of the formal and informal mechanisms for effective access to finance is
inevitable.
Key Words: housing, housing finance, mortgage, cooperative societies, NHTF, Zaria
urban area.
Description
A Thesis Submitted to the Postgraduate School,
Ahmadu Bello University, Zaria
In Partial Fulfillment of the Award of Master of Science Degree
MSC URBAN MANAGEMENT, DEPARTMENT OF URBAN AND
REGIONAL PLANNING, AHMADU BELLO UNIVERSITY, ZARIA
AUGUST, 2012
Keywords
ASSESSMENT,, ACCESS,, FINANCE,, HOUSING,, DEVELOPMENT,, ZARIA,, URBAN,, AREA.