Government should lay bare its plan on housing project
SEE ALSO :Uhuru's tax gamble that enraged KenyansThe government needs to redeem itself now that the Finance Bill 2018 has been passed into law. Something has got to give. Let the government give us a well laid plan on how it intends to carry the whole housing project. Whether it intends to build new houses or buy from real estate retailers. How payments will be done once the houses are up. It should be established whether the lowest earning Kenyan will manage to pay deposit and subsequent rent. It would do no good if a poor Kenyan will be forced to rent out their house because they cannot sustain rent with their meager income. That has been the tragedy of many housing schemes all across Africa. It would pay if the overall cost of housing goes down. Transparency in the process will help restore faith in the government, and it will be the only way to hold the executive accountable for their actions and omissions. Other considerations Another important question to ask ourselves is how long this project will take given that we are only 4 years shy of having a new government which will probably have different core agendas? The government will probably need close to a decade to complete the houses as construction, as other projects, tends to be slowed down by needless bureaucracies. Also, this may be slowed down by the mere fact that collection of this revenue has to go on for a while before construction actually kicks in. This means that the project will run into the next government. Let’s hope that affordable housing means a lot to Kenya as a whole, so that the next government will be committed enough to carry on with the project. It would also be worthy to ask ourselves whether supply will meet demand. According to World Bank Kenya had an estimated population of 48.46 million people in 2016. This number is likely to be a little over 50 million when the next census is carried out in 2019. By the time it is 2029, we could be somewhere close to 80 million.