The authorities has begun overhauling the Housing Levy, following the current settlement between President William Ruto and COTU Secretary General Francis Atwoli.
This follows the assembly between Housing Principal Secretary Charles Hinga and the Members of the National Assembly Committee on Housing, Urban Development, and Public Works on Saturday, June 21, to kick-start the method.
During the engagement, PS Hinga emphasised that Kenyans might quickly profit from a discount within the required deposit, from the present 10 per cent to five per cent.
He additionally assured the MPs that the proposal by COTU officers to the president on deposit discount is within the ultimate stage of its implementation.
Housing Principal Secretary Charles Hinga addressing an occasion for Earth Negotiations Bulletin in June 2022.
Photo
Diego Noguera/IISD
“I hereby ask Kenyans to utilise this opportunity to change into owners,” he said.
The engagement sought to align and speed up the Affordable Housing Agenda according to the committee’s mandate of making an enabling atmosphere via coverage interventions to enhance the dwelling requirements of Kenyans, stimulate financial development and cut back homelessness.
However, the committee chair led the MPs in expressing some considerations, together with Emurua Dikiir MP Johana Ng’eno, concerning the utilisation of a number of the funds.
“You mentioned that Park Road proceeds had been used to construct Homabay Affordable Houses; the place will Homabay proceeds go?” Asked Hon. Ng’eno.
PS Hinga, nonetheless, confirmed that proceeds from the sale of Park Road homes had been bequeathed to the National Housing Corporation (NHC) to construct Homabay Affordable Houses and that they shall recuperate the funds via the sale of Homabay homes.
On Wednesday, June 18, Atwoli met with the President in a high-level assembly, the place a number of agreements, together with halting using Housing Levy funds to construct markets, had been reached. The authorities additionally agreed to refund all of the funds used up to now.
“All funds which have already been used to assemble markets underneath the Affordable Housing Programme might be refunded to the Affordable Housing Levy Fund,” the assertion learn.
President William Ruto throughout the handover of Affordable Housing models on Tuesday, May 20, 2025.
PCS
