Financing mismatch impeding affordable housing

A setion of Nyayo Estate, Embakasi, Nairobi. [Wilberforce Okwiri, Standard]

High returns on government paper and mismatch in financing are some of the disadvantages the Kenyan market has which impede investments in the housing sector, as noted in review of the sector's legal and policy framework.

The review, which also recommends streamlining of incentives already provided in the law for the delivery of affordable housing units, notes there have been no tangible fruits on the tax reliefs offered by the government.