Enabling low cost-mortgages of Kshs 10,000 and below to grow number of mortgages from 30,000 to 1,000,000

The Kenya Kwanza government promised to turn the housing challenge into an economic opportunity by growing the number of mortgages from 30,000 to 1,000,000 by enabling low-cost mortgages of Sh10,000 and below.

Though the government cites an increase in refinanced mortgages and a reduction in interest rates, there is no publicly available data demonstrating the implementation of the KES. 10,000 and below mortgages as promised. Additionally, while the Affordable Housing program cites “mortgage financing through approved financial partners” as one of the paths to home ownership, it is unclear whether the mortgages meet the KES. 10,000 and below threshold.
Further, despite the developments in affordable housing projects, discrepancies have been reported on the award of mortgages by the Kenya Mortgage Refinancing Company (KMRC).
August 2026: The Principal Secretary for Housing and Urban Development reiterated that the government strives move Kenya from approximately 30,000 mortgages towards one million. However, the path to achieve this goal seems unclear.

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This Promise Tracker is an independent civic-accountability tool designed to monitor and document the progress of public commitments made by the Government of Kenya. Information presented on this platform is compiled from publicly available sources including government publications, parliamentary records, policy documents, and credible media reports. The classifications used in this tracker represent an evidence-based assessment by the platform’s researchers and should be understood as analytical judgments rather than official government determinations. While every effort is made to ensure accuracy and regular updates, the status of promises may evolve as new information becomes available. This website is not affiliated with or operated by the Government of Kenya.

Last updated: August 30, 2026 3:32 am