affordable mass housing delivery by babajide alade, b.arch, mred, mba, october 2010 6b george street...

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AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria www.structuracasa.com 1 Possibilities Within The Nigerian Context

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Page 1: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

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

Page 2: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

AGENDA

1. TYPES OF HOUSING PRODUCT

2. HOUSING FINANCE AND POLICY

3. CONSTRUCTION TECHNOLOGY

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Page 3: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

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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Page 4: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

AFRICAN CONSUMPTION

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+ $275 BILLION SINCE 2000 – LIKE BRAZIL’S AND MORE THAN INDIA’S

Page 5: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

TYPES OF HOUSING PRODUCT

Page 6: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

TREND IN URBANIZATION

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RuralFewer homes on large plots

UrbanNumerous smaller homes & flats

Page 7: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

THE GAP IN HOUSING

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Slum Housing Tenement Housing Gap Structured

Development

Page 8: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

OPPORTUNITY CREATED BY SUPPLY OF SMALLER HOMES

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Entry Level Home/Flat Move Up Home Large Estate Home

Page 9: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

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

Page 10: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

OPPORTUNITY IN HOUSING DEVELOPMENT

Good roads

Water

Sewerage

Waste Disposal

Power Distribution

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Sample 2 bed starter home – 60 sqm

Page 11: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

INTEGRATED COMMUNITIES

Victoria Garden City, Ajah, Lagos

200 Hectares

Lekki Axis

Infrastructure

30,000 Residents

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Page 12: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

INTEGRATED COMMUNITIES

Proposed

Legacy Estates Monatan, Ibadan

100 Hectares

Infill Development

Infrastructure

Amenities

800 housing units

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Page 13: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

EXPANDABLE AND SHELL/CORE HOMES

Home delivered as an external shell

Community amenities complete

Expandable rooms

No interior finishes

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Page 14: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

HOUSING FINANCE TOOLS

Page 15: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

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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Page 16: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

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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Page 17: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

UNLOCKING “DEAD CAPITAL”

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Small Business

Investments

Education

$$$$

Page 18: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

OPPORTUNITY CREATED BY SUPPLY OF SMALLER HOMES

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Entry Level Home/Flat Move Up Home Large Estate Home

$ $$ $$$

Small BusinessInvestmentsEducation

$$

Page 19: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

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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Page 20: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

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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Page 21: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

CONSTRUCTION TECHNOLOGY21

Page 22: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

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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Page 23: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

MASS CONSTRUCTION IN OTHER PARTS OF THE WORLD

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Page 24: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

MODULAR ALUMINUM FORMWORK

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Page 25: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

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.

Page 26: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

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

Page 27: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

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

Page 28: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

WIRE MESH REINFORCEMENT

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Page 29: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

CONSTRUCTION IN PROGRESS

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Page 30: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

COMPLETED BUILDINGS

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Page 31: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

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

Page 32: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

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

Page 33: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

Q & A

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THANKS FOR

LISTENING

Page 34: AFFORDABLE MASS HOUSING DELIVERY By Babajide Alade, B.Arch, MRED, MBA, October 2010 6B George Street Ikoyi, Lagos State, Nigeria

BABAJIDE ALADE

MANAGING DIRECTORSTRUCTURACASA

NIGERIAN REPRESENTATIVE ALUMA EASYSETTM

[email protected]

6B George Street

Ikoyi, Lagos State, Nigeria

www.structuracasa.com

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