SOURCE:
NIGERIA MORTGAGE REFINANCE COMPANY
EchoStone Housing (EchoStone), a leading global provider of efficient Housing systems and the Nigeria Mortgage Refinance Company Plc (NMRC), Nigeria’s foremost Mortgage underwriter, have gone into a partnership to address one of the nations’ most pressing issues, which is to improve the operational efficiency of delivering commercially viable, qualitative and affordable housing.
The Memorandum of Understanding (MoU), which was executed on the 19th of July 2017 will foster a partnership between NMRC and EchoStone to work towards the provision of housing finance, project advisory and structuring to increase affordable housing stock to drive mortgage creation and penetration in Nigeria. The agreement is also expected to promote knowledge, technological transfer and support between EchoStone and NMRC in relation to the residential Real Estate market in Nigeria.
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To encourage companies to invest in sustainably-designed buildings, Nigerian Mortgage Refinance Company (NMRC) and the International Finance Corporation (IFC), a member of the World Bank Group, have launched the EDGE green building certification system in Nigeria to jumpstart the mainstreaming of resource-efficient buildings across the country in a fast, simple and affordable way.
An innovation of IFC, EDGE (Excellence in Design for Greater Efficiencies) is a certification system for new residential and commercial buildings that enables design teams and project owners to assess the most cost-effective ways to incorporate energy and water saving options in their buildings.
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