Corporates Kenya

Housing PS on Access to Mortgages

Principal Secretary for Housing Charles Hinga says the high in-equality among salaried Kenyans mean a majority of them can’t afford mortgagesThe PS made the remarks during a presentation to the National Dialogue Committee at Bomas of KenyaThe PS informed the committee that there are over 1000 informal settlements in the Country which will continue to grow if the Government doesn’t provide housing for KenyansHe said the Housing Levy therefore seeks to address financing challenges and make it possible to achieve housing development at scaleUltimately the Housing Levy will make Affordable housing a reality across the Country, provide employment for the youth and women in construction and formalize the Jua Kali sector

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