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The Effect of Crowdfunding as a Funding Option on Housing Project Delivery in Imo State, Nigeria

Uche kelechi loveday Ifeanyi Echeme and Gregory Enyinna

Abstract

This study delves into the crucial matter of effect of crowdfunding on housing project delivery in Imo State. Nigeria grapples with substantial housing deficits, making it imperative to comprehend the role of funding in addressing this challenge for sustainable urban development with the objectives of knowing how Investor’s incentives, government policies and developer’s reputation affects crowdfunding on housing project delivery in Imo State. In the pursuit of comprehensive insights, statistical analyses were conducted using Simple Regression analysis and ANOVA in MS Excel to assess the key variables affecting project delivery in the region. The research encompasses a sample of stakeholders involved in housing development, encompassing government entities, financial institutions, investors, developers and contractors in the Imo State. Questionnaire was used for data collection which encompasses surveys with a specific focus on crowdfunding and its utilization in housing projects. The findings revealed a pressing need for increased funding and better policies and good credibility to address the challenges faced in housing project delivery in this State. The statistical analyses underscored the significance of financial resources in ensuring the timely and successful completion of projects. Moreover, these analyses unveiled the impact of crowdfunding variations on project quality and completion timelines. Based on these results, several recommendations which includes government establishing clear regulatory guidelines specific to crowdfunding in the housing sector to ensure investor protection and maintain market integrity.

Keywords

Crowdfunding; Investor’s incentives; Government policies; Developer’s reputation;

References

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