The Ilubirin Foreshore Housing Estate is part of the Lagos State Government HOMS (Home Ownership Mortgage Scheme). Which is a social housing program aimed at increasing housing affordability within the State. Some of the other HOMs projects are the Ilupeji, Mushin, Shogunro, Igando, Shitta and Oba Adeboruwa schemes.
The Housing Estate is divided into 5 blocks (A - E) and will include amenities/services such as a Shopping Centre water works, fire station, clinic, sewage treatment plant and an IPP (Independent Power Plant).
The project is being constructed by Cyrou Builders and is built on reclaimed land annexed to Lagos Island/Ikoyi.