COPEN Group unveils ‘Tenant to Landlord’ scheme for low, medium income earners

Real estate firm, COPEN Group, on Wednesday, unveiled its “Tenant to Landlord” homeownership scheme aimed at expanding access to affordable housing for low and middle income earners across Nigeria.

The initiative was launched at an event in Enugu themed, “A Home for Every Dream; A House for Every Pocket,” which attracted stakeholders from the housing, banking and mortgage sectors, as well as prospective homeowners and real estate investors.

Speaking at the event, the Chairman of COPEN Group, Mr Ugo Chime, said the company was committed to making homeownership more accessible through innovative and flexible housing solutions.

Chime traced the company’s history to 1995, noting that it had delivered numerous housing projects across the country.

“Today, God has equipped us as a leader in real estate development in the country.

“We are humbled to be the first company recognised by the Federal Mortgage Bank of Nigeria (FMBN) and honoured for delivering the Goshen/Jubilee Estates project in eight months, against the 24 months stipulated in our agreement,” he said.

According to him, the company’s ability to utilise resources efficiently while maintaining quality standards and customer satisfaction has remained central to its operations.

He said COPEN had built strong partnerships with key stakeholders across the real estate value chain, including the FMBN, MOFI Real Estate Investment Fund, AG Mortgage Bank and other financial institutions, to enhance access to mortgage financing.

Chime added that the company had helped create wealth for thousands of families through property ownership, capital appreciation, and mortgage-backed investments.

“Today, we are unveiling a further expression of that vision of housing for all.

“‘A Home for Every Dream; A House for Every Pocket’ is our bold statement that we remain the go-to real estate company regardless of the type of home you seek or the size of your budget,” he said.

In his keynote address, the General Manager of COPEN Group, Dr Awokore Ogbimi, said the scheme was designed to transform Nigeria’s housing landscape by providing flexible payment options and affordable mortgage opportunities.

Ogbimi said the initiative, developed in partnership with the FMBN, commercial banks and other financial institutions, would enable more Nigerians to become homeowners.

He explained that the rent-to-own model would allow subscribers to gradually convert rental payments into homeownership, while mortgage facilities under the scheme would attract interest rates as low as six per cent per annum.

According to him, the company has also introduced a structured customer-profiling system to help clients identify housing opportunities that align with their income levels and lifestyle needs.

He said the Urban Home Front Initiative, another component of the programme, would guide prospective homeowners toward locations with better access to healthcare, education, transportation and security infrastructure.

Ogbimi noted that the company remained focused on helping middle-income earners secure decent accommodation through sustainable and flexible payment plans.

Stakeholders at the event commended COPEN Group for promoting practical solutions to Nigeria’s housing deficit and called for greater government support, lower housing taxes and expanded access to mortgage financing.

They expressed optimism that stronger partnerships among stakeholders would improve housing finance accessibility and encourage long-term investment in the real estate sector.

A representative of the FMBN described COPEN Group as one of the bank’s most trusted and reliable housing partners.

Dignitaries at the event included Rev. Fr. Ejike Mbaka of Adoration Ministries, Mr George Eze of Bethel Microfinance Bank and Mr Samson Aneke of the United Bank for Africa (UBA), among others.

The event also featured awards recognising housing estates for environmental sustainability, child-friendly infrastructure and community development initiatives.

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#RealEstate#HousingScheme#NigeriaHousing#AffordableHousing#COPENGroup