Treasury moves to inject more pension funds in housing sector

Kenyans Qeueing to view the 228 completed units out of 1370 being constructed by government at Parkroad Nairobi under the affordable housing programm. Friday March 6, 2020. [Jonah Onyango, Standard]

Kenyans will be able to purchase houses using their savings in pension schemes, as the government adds more energy into the affordable housing programme.

Under the Retirement Benefits Mortgage Loans Amendment Regulations, 2020 published in the Kenya Gazette this week, members of pension schemes can use up to 40 per cent of their saving to buy a residential house.