Critical Success Factors for Affordable Housing Projects in Nigeria
Housing plays an important role in the socio-economic development of any country. However, access to affordable housing is a challenge for many people in developing countries. The purpose of this study is to establish critical success factors for affordable private-sector housing projects in Nigeria. Twenty-six (26) success attributes for affordable housing were identified from the literature.
A survey questionnaire was designed, and pre-tested, subsequently the main survey was performed in which two hundred and eighty (280) questionnaires were administered to experienced researchers, senior managers in public housing agencies, developers, and consultants with knowledge and experience in affordable housing. One hundred and seventy-six (176) completed questionnaires were returned representing a 62.86% response rate. The data collected were analyzed using mean score, factor analysis, and stepwise multiple regression analysis. The findings from this study produce four critical success factors for affordable housing projects namely, effective land policies for affordable housing, availability of effective financial institutions, good governance of housing systems, and political will.
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