In an effort to provide houses affordable to civil servants, the Federal Government constructed 52 units of 4-bedroom detached bungalows at the FMBN Estate in Enugu on a rent-to-own basis to the states civil servants. The estate is located at Phase 6, Trans Ekuku Layout, beside new GRA Enugu, the Coal City.
The housing estate is fitted with facilities including roads, proper drainages, water and electricity and neighborly spaces.
The FMBN Rent-to- own allows eligible contributors to the National Housing Fund (NHF) scheme to move into an FMBN-owned housing property as a tenant and conveniently pay towards ownership of the property.
Payments could be made in monthly or annual instalments over periods as long as 30 years at an interest rate of 7 percent.