The cost of housing is a heavy burden to the majority of Kenyans and is the major factor driving the proliferation of slums according to President William Ruto, who has said his government is committed to making housing more affordable, enabling more Kenyans to live in safe and dignified homes and create millions of jobs and entrepreneurial opportunities.
“Through our programme to increase the supply of affordable housing at the rate of 200,000 new units every year, we will lower the cost of living for urban dwellers, make the dream of homeownership possible for the majority of Kenyans with units available at monthly installments of between Ksh2,500 and Ksh10,000. This programme will generate millions of jobs for all categories of workers and thousands of SMEs as suppliers,” he said during Jamhuri Day.
Many Saccos are offering Affordable mortgage and asset financing.
