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

• 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 possible.

May 29th 2024:  The National Housing Corporation in its 2023- 2027 strategic plan  explained how it planed to deliver at least 110,000 Affordable Housing Units. The corporation explained that the construction of the units is in line with the government’s plan to have mortgages that cost Ksh10,000 below quantified in terms of monthly payments.