Section 2: Aims and objectives of the Fund

The aims and objectives of the Fund shall be to-(a) facilitate the mobilisation of the Fund for the provision of houses for Nigerians at affordable prices;
(b) ensure the constant supply of loans to Nigerians for the purpose of building, purchasing and improvement of residential houses;
(c) provide incentives for the capital market to invest in property development;
(d)
encourage the development of specific programmes that would ensure effective financing of housing development, in particular low cost housing for low income workers;
(e) provide proper policy control over the allocation of resources and funds between the housing sector and other sectors of the Nigerian economy; and
(f) provide long-term loans to mortgage institutions for on-lending to contributions to the Fund.