Expensive loans, lack of infrastructure hinder affordable housing dream

A Residential building in Pipeline, Nairobi (PHOTO;WILBERFORCE OKWIRI)

NAIROBI, KENYA: Plans to build affordable housing in the country are being hindered by acute shortage of finances, serviced land, poor urban planning and lack of regulatory framework.

Stakeholders attending a meeting organised by the Kenya Property Developers Association (KPDA) on Tuesday heard that while the government outlined several modes of financing in this year’s budget, developers are still in the dark on how the measures will be implemented.