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Uhuru seeks UN help to realise affordable housing agenda

According to the President, many societies are ill prepared to plan for rapid urbanisation. • He said there is a great need for all the 36 member states to exchange ideas and best practices that will deliver practical solutions for cities and human settlement.

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Sonko rolls out Sh7bn affordable homes plan

The project will see construction of 3,000 units comprising eight blocks of 34 storeys for low and middle income earners. The project is set to be completed in less than one and a half years.

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World Bank approves Sh25bn loan for affordable housing

The loan is expected to provide a silver lining for the Jubilee government’s Affordable Housing project, which has been rocked by controversy due to poor public buy-in. The project will be implemented through the Kenya Mortgage Refinance Corporation, the National Treasury and the Lands ministry. KMRC intends to drive the affordability of mortgages by providing more long-term funding to financial institutions, an incentive to enable them offer long tenure loans to homebuyers.

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Uhuru’s low-cost housing to cost Sh600,000 to Sh3 million

Individuals seeking to finance their own home mortgages will be allocated 300,000 units in the proposed housing programme by the state.

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