- Pay N10,000 one time membership fee to join.
- Buy at least 12 shares of N20,000 each annually to maintain active membership.
- Invest first and convert your shares to equity later for your house.
- Accumulate shares of up to 20% of the cost of house not exceeding N5,000,000.
- Accumulate shares of up to 30% of the cost of house higher than N5,000,000 but not exceeding N10,000,000.
- SHC will contribute 70% or Maximum of N10,000,000 whichever is lower to a house exceeding N10,000,000.
- Pay fair and proportionate rent based on prevailing market rental rates.
- Attend general meetings at least twice a year.
- Shares may be sold or transferred directly to another member of the Housing Co-operative.