NEWSREAL ESTATE

Govt Kicks off Process for Kenyans to Acquire Units Under Affordable Housing

Share
Affordable housing units in Kenya
Principal Secretary for the State Department for Housing and Urban Development, Mr Charles Hinga, has invited prospective home owners to attend open days.
Share

The Kenya Government has kicked off a series of open days across the country inviting Kenyans to select houses from the 4,888 units under the Affordable Housing Program(AHP). The initiative, part of the government’s efforts to address the housing deficit, will see Kenyans start their home ownership journey by paying a deposit for the selected unit that includes provision of a mortgage facility.

Principal Secretary for the State Department for Housing and Urban Development, Mr Charles Hinga, has invited prospective home owners to take advantage of the holiday season to visit the 24 AHP sites spread across the country to inspect the housing units.

“We would like to invite you all to attend the open days scheduled to take place in Machakos this Saturday( 21st December) and across our 23 other projects countrywide to view the show-houses on site and the various housing units near completion,” he said.

The units at the Machakos Affordable Housing project comprise of 40 one-bedroom units, 60 two-bedroom units and 60 three-bedroom units, with generous green spacesfor relaxation and leisure, adequate parking for all homeowners.

So far, the government has a total of 4,888 units of different typologies on offer for sale across different parts of the country and plans are at an advanced stage to launch more projects thereby giving more choices of housing units to choose from.

The open days also gives Kenyans a platform to make inquiries about AHP, seek assistance on how to register on the Bomayangu portal as well as how to make payment by instalments for the various units.

The payment option also allows Kenyans to pay for their selected units under a rent-to-own arrangement for up to 25 years. Home owners can also pay off for their select units in a lumpsum.

> Shelter Afrique Signs Landmark Housing MoU in Africa

Written by
BT Reporter -

editor [at] businesstoday.co.ke

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
Oil rig at the Ngamia-1 well in the Lokichar basin.
BUSINESS

Govt: Decade-Long Stalled Turkana Oil Project Set to Begin Next Year

Kenya is on the verge of finally unlocking commercial oil production in...

CBK headquarters in Nairobi
FEATURED STORY

CBK Receives Bids Worth KSh53.1Billion at Auction, a 132.8% Oversubscription

CBK(Central Bank of Kenya) received bids worth KSh 53.1 Billion at the...

From left - KCB Bank Kenya Director of Retail Banking, Jane Isiaho and Visa Country Manager and Senior Business Development Leader for Kenya, South Sudan and Somalia, John Njoroge during the launch of Tap-To-Phone solution which will enable business owners to accept card payments directly on their Near-Field Communications (NFC) enabled Android smartphones without the need for a traditional point-of-sale (POS) machine.
BUSINESS

KCB and Visa Partner to Enable Card Payments via Smartphones

KCB Bank Kenya has partnered with Visa to launch a Tap to...

Outside Central Bank of Kenya (CBK) headquarters in Nairobi.
BUSINESS

Treasury, CBK Sound Alarm as Financial Health Collapses Despite Inclusion Boom

The National Treasury and the Central Bank of Kenya (CBK) have released...