State opens up voluntary payments
Business
By
Cyrus Ombati
| Jun 14, 2019
Kenyans willing to participate in the Government’s Affordable Housing Programme can now begin to make contributions.
This follows the Government’s activation of the voluntary contributions to the Housing Fund that now paves the way for savings of as little as Sh200 per month.
Housing and Urban Development Principal Secretary Hinga Mwaura said interested individuals are now free to decide how and when they will start their journey towards owning a home.
“The operationalisation of voluntary contributions is a significant milestone in the implementation of the Affordable Housing Programme. It is a response to those Kenyans who have been urging us on and categorically stated, through registering on the bomayangu web platform, that they want decent and affordable homes,” he said in a statement.
So far, over 225,000 individuals have signed up for the programme, which is part of the Government’s plan to construct 500,000 affordable houses by 2022. The process of allocating 228 houses in Park Road, Nairobi, which will be ready for occupation by September, will kick off soon. The savings, the PS said, can be made through various modes of payments that are convenient to the contributors.
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