Framework for Achieving Effective Housing Ownership Among Teachers in Bauchi State, Nigeria
Abstract
This paper aims to develop a framework for achieving effective Housing Ownership (HO) for Primary School Teachers (PST) in Bauchi Local Government, Nigeria. This paper adopted a quantitative research approach. Self-administered structured questionnaires collected information from 357 PST in Bauchi Local Government Area, Bauchi, Nigeria. A five-point Likert scale was employed to assess the responses more quickly. Partial least squares-structural equation modelling was used to analyse the data collected using SmartPLS 2 software. This study revealed that there should be a transparent process for qualifying for a housing loan by laying down less stringent processes that are easy to understand for low-income earners (LIEs). The HF institutions should also give room for more collateral options, such as a guarantee from the employer. It also revealed that there should be synergy between the finance institutions such as commercial banks, mortgage banks, private developers, and the LIEs from the inception of the finance design stage to accommodate the PST's requirements for housing ownership. The prime consumers of these research findings are the financial institutions. This will bulk up their performance and effectiveness toward housing finance accessibility and affordability to the LIEs, such as the PST in the study area. This research used the technology organisation environment theory, a multi-perspective theory, to evaluate the concepts of institutional, finance and beneficiaries' context concerning housing finance in Bauchi by conceptualising institutional context as effectiveness and performance, finance context as affordability and accessibility and beneficiaries' context as ownership.
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