Impact of Primary Mortgage Institution in Housing Delivery (A Case Study of Coop Savings & Loan Limited)

CHAPTER ONE

1.0       INTRODUCTION 

            Housing which  can be defined as collective structures in which mankind is housed and where he carries out his daily economic, social and commercial activities, which  encompass man’s immediate physical surrounding services, facilities and all available social  amenities.  Provision of housing has been a major challenge since the 21st century to all sovereign states across the world.  Adequate housing provision has been hindered over the years, by various factors which ranges from restricted access  to land which is due to land speculation practices, unavailability of soft loans, low level of income, economic instability, poor maintenance culture, mismanagement of public funds, natural disaster among other vices. Hence, various communities and sovereign states across the world have made controlled and concrete efforts in the provision of housing, housing policies, monitoring institution, land reforms, territory laws e.t.c to guarantee and enhance the continuous provision of housing units in their respective territories. This research is to adequately study the activities, efforts challenges and impact of one of such housing agencies in the urban city of Ibadan Nigeria

STATEMENT OF THE PROBLEM

Housing is recognised as man’s basic need, it remains one of the mostpersistent and serious problem facing people in every society. However, provision has been one of the paramount concerns of policy makers in the various countries across the world in recent times. Despites all efforts couples with circulated, well planned and excellent housing policies over the years, there has been a reoccurrence of the problem of housing shortage and insufficient within our society.