green affordable housing

Civil servants evicted from old government estates to make way for new buildings will be given top priority in the allocation of completed housing projects, the state’s housing department has said.

“Civil servants who were occupying the Park Road Estate and were given notices to vacate to allow for the construction of the on-going Affordable Homes Project will be given the first priority to purchase the constructed units,” said the Housing department.

The civil servants will be required to avail evidence of occupation to the Civil Servants Housing Scheme Fund secretariat for approval.

A statement from the Ministry of Transport, Infrastructure, and Housing said it will soon begin advertising for sale some of the 1370 units currently under construction by a Chinese contractor. The units are expected to be completed before the end of the year.

The rest of Kenyans interested in purchasing the houses are free to apply through the Boma Yangu portal which has received 270,000 applications so far according to the Ministry.

For buyers to qualify for allocation, they need to have saved 12.5 percent of the selling price before getting a mortgage to offset the balance at nine percent interest for up to 25 years. The Kenya Mortgage Refinance Company will aid banks in providing low-interest loans to Kenyans.

In December, the State Department of Housing revealed that 17,000 Kenyans have begun making voluntary contributions to the State’s affordable housing plan affirming that demand for the houses was in fact high. Charles Hinga.

Housing PS remains confident the 500,000 houses target will be achieved since the project has received over Ksh1 trillion in funding commitments by investors. Last month the PS received the first batch of 228 units completed by the Chinese contractor.

Read; Naivasha to get 2,000 units of affordable housing

Featured Properties

Pristine 4-Bedroom Townhouse in Runda
Asking Price KSh 38,000,000
Beds:   4 Baths:   4
5-Bedroom house for sale/rent in Lavington
Asking Price KSh 68,000,000
Beds:   5 Baths:   5
List of Land Available for Sale
Asking Price KSh 21,000,000