New Co-op Bank scheme seeks to boost home ownership

Some of the housing units at Bondeni in Nakuru under the Affordable Housing Project on February 13, 2023. [Kipsang Joseph, Standard]

The government and players in the private sector continue to look for ways to boost affordable housing options in the country as rents increase nationwide amid biting shortage of new housing units.

Plans are afoot by the government in conjunction with the Nairobi County government and other agencies to set aside 3,000 acres for construction of between 400,000 and 500,000 housing units.