Our Cooperative Society
Property Corporation Cooperative Society Limited (FCTA/COOP 0503) is registered with the Federal Capital Territory Administration (FCTA) as a housing cooperative society with the FCT Cooperative Registry the Federal Inland Revenue Service (FIRS) and the Federal Mortgage Bank of Nigeria (FMBN).
We are building communities and opportunities that will provide young people and families a viable platform for home ownership and real estate investments.
18 and above with the ability to contract
Be a Nigerian or have a resident permit allowing ownership of investments in Nigeria
Have a common home ownership need or interested in real estate investments
Be in gainful employment or self-employed with ability to provide monthly earning statement if needed for processing loan/NHF facilities
Be financially capable of paying membership fees, making contributions and buying cooperative shares.
Membership to open to men and women.
The focus of the cooperative society is to provide home for its members through their savings and housing loans from the FMBN, Mortgage banks or specialized institutions interested in funding cooperative housing.
As a Member, enjoy a better return on cooperative shares. A bulk placement or investment of cooperative’s collective share amount generates better income than individual savings.
Access individual housing loan
Membership of the cooperative means the member becomes a contributor to the National Housing Fund (NHF). As a member and a contributor, member can then access the NHF loan or building loan from the Federal Mortgage Bank of Nigeria (FMBN), Primary Mortgage Institutions (PMIs) and other financial institutions with home ownership offers.
Qualify for loan after 6 to 12 months on joining the cooperative. Member must be seen to be a responsible financial member; have 2 (two) guarantors and apply for approvable loans.
NHF mortgage loan processing assistance
Cooperative takes over loan application and process for members per batch. Members who qualify for the NHF loan will be grouped and processed as a cluster.
The Cooperative at its discretion can act as a guarantor or give recommendations to members of the cooperative. The Cooperative can also at its discretion promote member businesses that are viable and genuine,