February 12th 2024: The government plans to develop at least 200,000 homes annually in its quest to address the housing shortage in the country, where nearly 61 per cent of urban households live in slums. This is under the Affordable Housing Programme, one of the priority areas (Priority no. 3 – Housing and Settlements) in the Kenya Kwanza Manifesto.
President Ruto launched 51,666 units in five months, from September to January, a status report seen by the Star shows, creating at least 168,431 jobs in various regions of the country.
May 27th 2024: Government says tax incentives to attract private sector to affordable housing program. At the launch of the National Housing Corporation 70th anniversary, Head of Public Service Felix Koskei said the government is set to put in place policy reforms to accelerate private sector involvement in adorable housing program through tax incentives and exemptions. The Public Service Boss stated that the 2023-2027 Housing Corporation strategic plan will hasten the sector involvement into the Affordable project which aims at striking the balance of more than 500 000 new urban dwellers recorded annually.
