300 Low Cost Housing Delivered in Nairobi

Jan 17, 2020 · 59s
300 Low Cost Housing Delivered in Nairobi
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Kenyans have contributed at least Sh125 million into the government’s affordable housing program, which has so far seen about 300 people allocated the low-cost houses. Housing Principal Secretary (PS) Charles...

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Kenyans have contributed at least Sh125 million into the government’s affordable housing program, which has so far seen about 300 people allocated the low-cost houses.
Housing Principal Secretary (PS) Charles Hinga said the first batch of houses in Ngara, Nairobi, was complete and that 300 homeowners paid up the 12.5 percent of the total worth of the units they are looking forward to buying. The 300 will now wait for the ballot-based system of allocation to know if they would get a unit. China State Construction and Engineering Corporation is building the 1,370-unit Ngara project for Sh5 billion.
The first batch of the houses consisting of 288 units was handed over to the government yesterday. Hinga noted that the second and third phases of the project will be completed in June and December, respectively. Plans are also afoot to construct 8,000 housing units in the first quarter of 2020 in Starehe and Shauri Moyo, Nairobi on government land.
According to the principal secretary, Kibera Soweto Zone B project, a social housing project for Kibera residents, will also break ground in the first quarter of 2020 and will cater to 4,400 households that have been enumerated.
Kenyans can own affordable houses through three ways including cash, mortgage, and tenant purchase. For one to qualify for allocation they will be required to have registered with the bomayangu housing fund.
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Author Africa Business Radio
Organization Africa Business Radio
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