Increase the supply of new housing to 250,000 per annum & percentage of affordable housing supply from 2% to 50%
Increase the supply of new housing to 250,000 per annum and the percentage of affordable housing supply from 2 percent to 50 percent. We will achieve this by structuring affordable long-term housing finance schemes, including a National Housing Fund and Cooperative Social Housing Schemes, that will guarantee off take of houses from developers.
June 2023: President William Ruto signed into law the Finance Act 2023 raising taxes on a wide range of items and introducing a new housing levy of 1.5% meant to fund the affordable housing programme.