Ebekozien, A; Aigbavboa, C O; Samsurijan, M S; Muhammad, A K and Akinradewo, O (2024) Developing a framework for housing financing: A case study of nigeria's sustainable low-cost housing via soft system methodology. Engineering, Construction and Architectural Management, 32(13), pp. 27-48. ISSN 0969-9988
Abstract
Purpose: Several governments in developing countries have attempted via policies and programmes to improve access to low-cost housing (LCH) finance for low-income house owners, but sustainability has been an issue. Therefore, sustainable LCH (SLCH) financing framework may mitigate issues hindering LCH financing sustainability in developing countries. There is a paucity of studies about SLCH financing through a framework in Nigeria. Thus, the study investigated the barriers facing low-income earners (LInEs) accessing SLCH finance and developed a framework for promoting Nigerian SLCH financing. Design/methodology/approach: The research employed a soft system methodology (SSM) to understand Nigeria's LCH financing sustainability. The adopted method permitted a substitute to enhance LCH financing sustainability part way through a developed framework. The study conducted interviews across seven cities in Nigeria with selected practitioners. Findings: The results were presented using the SSM seven steps. Findings reveal the state and barriers facing LInEs in accessing SLCH finance. Also, findings show that there is a need for a finance framework. It would improve sustainability, especially for intending low-income house owners across Nigeria's cities. Findings include a framework to reposition LCH financing sustainability to promote homeowners for intending low-income house owners across Nigeria's cities. Originality/value: Besides the developed LCH financing sustainable framework, housing policymakers and developers can employ SLCH financing to improve low-income intending house owners in Nigeria. This may be the first study to develop a SLCH financing framework using SSM in a developing economy.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | framework; interviews; low-cost housing; Nigeria; soft system methodology; sustainability |
| Index terms: | interview, developing country, low-cost housing, homeowner, programme, developing economy, methodology, practitioner, financing, housing, case study, owner, Nigeria, income |
| Subjects: | economic analysis, construction type, practitioner, housing and residential development, economic development, research methods, Geography, development economics, data collection methods, project controls, sociology |
| Topics: | Geographical Context, Stakeholder Management, Roles and Professions, Construction Technology, Business Strategy, Research Practice, Time Control, Urban Studies, International Construction |
| Descriptive scope: | 4 PCTE |
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