affordable mass housing delivery by babajide alade, b.arch, mred, mba, october 2010 6b george street...
TRANSCRIPT
AFFORDABLE MASS HOUSING DELIVERY
By Babajide Alade, B.Arch, MRED, MBA, October 2010
6B George Street
Ikoyi, Lagos State, Nigeria
www.structuracasa.com
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Possibilities Within The Nigerian Context
AGENDA
1. TYPES OF HOUSING PRODUCT
2. HOUSING FINANCE AND POLICY
3. CONSTRUCTION TECHNOLOGY
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THE MISSING MIDDLE
Middle Class People
Household incomes between N1 million and N5 million annually
Unable to Achieve Homeownership Lack of affordable good quality product Lack of mortgage financing
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AFRICAN CONSUMPTION
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+ $275 BILLION SINCE 2000 – LIKE BRAZIL’S AND MORE THAN INDIA’S
TYPES OF HOUSING PRODUCT
TREND IN URBANIZATION
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RuralFewer homes on large plots
UrbanNumerous smaller homes & flats
THE GAP IN HOUSING
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Slum Housing Tenement Housing Gap Structured
Development
OPPORTUNITY CREATED BY SUPPLY OF SMALLER HOMES
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Entry Level Home/Flat Move Up Home Large Estate Home
OPPORTUNITY IN SMALLER HOMES
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All Cash PurchaseMarket Entry Through Small Starter HouseIncreased Affordability Through Financing
Age of Home Buyer
Home Affordability
Supply of Entry Level Homes and Financing Tools Results in More Robust Housing Market
OPPORTUNITY IN HOUSING DEVELOPMENT
Good roads
Water
Sewerage
Waste Disposal
Power Distribution
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Sample 2 bed starter home – 60 sqm
INTEGRATED COMMUNITIES
Victoria Garden City, Ajah, Lagos
200 Hectares
Lekki Axis
Infrastructure
30,000 Residents
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INTEGRATED COMMUNITIES
Proposed
Legacy Estates Monatan, Ibadan
100 Hectares
Infill Development
Infrastructure
Amenities
800 housing units
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EXPANDABLE AND SHELL/CORE HOMES
Home delivered as an external shell
Community amenities complete
Expandable rooms
No interior finishes
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HOUSING FINANCE TOOLS
ISSUES WITH HOUSING FINANCE
Housing Finance Requires Large, Long- Term Initial Capital Outlays
Availability of Finance is Limited
Inadequate Financial Infrastructure
Disincentives with property transfers and foreclosure process
Direct Finance is Limited
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OPPORTUNITIES FOR GOVERNMENT TO ENCOURAGE PROGRESS
Enforcement of property rights and ease of land registration and transfers.
Enforceable foreclosure system for mortgage lenders.
Credit information systems such as credit bureaus.
Strong regulations that encourage responsible lending and consumer protection.
Accessible and transparent databases on house transactions and prices.
Regulations to encourage the private development of large formal affordable housing.
Easy access to land for developers through PPPs.
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UNLOCKING “DEAD CAPITAL”
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Small Business
Investments
Education
$$$$
OPPORTUNITY CREATED BY SUPPLY OF SMALLER HOMES
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Entry Level Home/Flat Move Up Home Large Estate Home
$ $$ $$$
Small BusinessInvestmentsEducation
$$
ENCOURAGING SIGNS
A pickup in the domestic bond market which may allow for creation of mortgage bonds.
Approval of pension fund investment in bonds and private equity.
Foreign interest in Nigerian financial system.
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KEY OPPORTUNITIES TO INCREASE REAL ESTATE CONSTRUCTION FINANCING
Increasing Debt Sources for Developers Provide financing at lower interest rates with lender profit participation Provide developer financing for installment sale loan contracts
Encourage Advanced Deposits or Installment Payments Through Providing a Policy Framework That Gives Buyers More Security Guarantee Fund
Encourage More Robust Loan Prequalification Sales Income Trust Accounts Financing Conditions
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CONSTRUCTION TECHNOLOGY21
WHAT CONSTRUCTION TECHNOLOGIES ARE FEASIBLE?
Sandcrete Blocks Infilling Concrete Column and Beam and Slab Structures.
Masonry Unit Construction Fired brick Compressed earth blocks
Industrialized Systems Using Precast Panels
Modular Form Work for Cast in Place Concrete
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MASS CONSTRUCTION IN OTHER PARTS OF THE WORLD
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MODULAR ALUMINUM FORMWORK
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APPLICATION – SLAB FORM
The Corner extrusions allow the slab and wall pour monolithically with perfect concrete surface.
The Dead Head Panel allows the stripping of slab form with the props remaining in position.
ATTRIBUTES OF PREFABRICATED ALUMINUM FORMWORK
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Extremely Fast Construction Sequences Light weight panels are small enough for one man to carry Skill required to erect formwork can be quickly learned Small tools and equipment only
Good Quality Concrete Shell Allows for easier finishing No interior or exterior plastering required
The Same Set Can Last More than 500 Concrete Pour Cycles
Good Choice for Repetitive Designs
ALUM A EasySetTM SYSTEM
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Designed to allow the construction of wall and slab at the same time, or for the wall and slab poured in two stages.
Advantages Cost Quality Speed
Panel Capacity = 60 kN/m2
WIRE MESH REINFORCEMENT
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CONSTRUCTION IN PROGRESS
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COMPLETED BUILDINGS
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UNLEASHING THE LATENT CAPACITY
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Building the Right Types of Homes and Communities
Using the Latest Construction Technology to Make Homeownership Affordable
Establishing a Viable Housing Finance Infrastructure
Making use of Creative instruments That Enable Families to Buy These Homes
VIDEO
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4 minute time lapse video of construction site in Salvador, Brazil demonstrating the speed and efficiency of EasySetTM system.
Video taken over one full work day
12 hours
7.30 am to 7.30 pm
Q & A
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THANKS FOR
LISTENING
BABAJIDE ALADE
MANAGING DIRECTORSTRUCTURACASA
NIGERIAN REPRESENTATIVE ALUMA EASYSETTM
6B George Street
Ikoyi, Lagos State, Nigeria
www.structuracasa.com
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