FUNCTIONS OF THE BOARD<\/h2>\t\t\t\t<\/div>\n\t\t\t\t

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The Board was primarily established to grant housing loans to public servants in the employment of the Federal Government to enable them:<\/strong><\/p>

1. Build a residential house in Nigeria.<\/p><\/li>

2. Purchase a parcel of land to build a residential house in Nigeria.<\/p><\/li>

3. Purchase a residential house in Nigeria.<\/p><\/li>

4. Improve (renovate) or extend an existing residential house in Nigeria for the use of the applicant or their family.<\/p><\/li><\/ol>

   Holistically, the duties of the Board as stipulated in the Act establishing it include the following:<\/strong><\/p>

   1. Formulating general policies and guidelines for the operation of the Federal Government Staff Housing Loan Scheme for Federal Public Servants.<\/p><\/li>

   2. Providing soft loans to Federal Public Servants for the purposes of owning residential houses in places of their choice in Nigeria.<\/p><\/li>

   3. Scrutinizing building drawings, survey plans, and locating collaterals submitted by applicants for housing loan beneficiaries.<\/p><\/li>

   4. Evaluating the cost estimates for building or renovation.<\/p><\/li>

   5. Undertaking site inspection of funded projects.<\/p><\/li>

   6. Safe-keeping of title documents collected from loan beneficiaries as collateral for loans granted.<\/p><\/li>

   7. Executing mortgages in the states where the beneficiaries’ properties are located.<\/p><\/li>

   8. Conducting post-loan approval inspections of construction-funded projects with a view to recommending a second installment to beneficiaries.<\/p><\/li>

   9. Issuing mandatory clearance certificates\/letters for retiring Federal Government Staff for the purposes of processing payments of benefits.<\/p><\/li>

   10. Partnering with approved Federal and State Government-owned Housing\/Mortgage Agencies, including private estate developers identified by workers, for the provision of affordable houses to public servants.<\/p><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

       FUNCTIONS OF THE BOARD The Board was primarily established to grant housing loans to public servants in the employment of the Federal Government to enable them: Build a residential house in Nigeria. Purchase a parcel of land to build a residential house in Nigeria. Purchase a residential house in Nigeria. Improve (renovate) or extend an […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"_eb_attr":"","footnotes":""},"class_list":["post-20","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/fgshlb.gov.ng\/web\/wp-json\/wp\/v2\/pages\/20","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fgshlb.gov.ng\/web\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/fgshlb.gov.ng\/web\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/fgshlb.gov.ng\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fgshlb.gov.ng\/web\/wp-json\/wp\/v2\/comments?post=20"}],"version-history":[{"count":8,"href":"https:\/\/fgshlb.gov.ng\/web\/wp-json\/wp\/v2\/pages\/20\/revisions"}],"predecessor-version":[{"id":295,"href":"https:\/\/fgshlb.gov.ng\/web\/wp-json\/wp\/v2\/pages\/20\/revisions\/295"}],"wp:attachment":[{"href":"https:\/\/fgshlb.gov.ng\/web\/wp-json\/wp\/v2\/media?parent=20"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}