Housing & Investments - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

KMRC to host 5th Affordable Housing Conference in Naivasha

Sacco ReviewAugust 17, 202604 mins

KMRC will host the fifth Kenya Affordable Housing Conference from August 20 to 21 in Naivasha. The conference will focus on expanding affordable housing finance, especially for informal workers and Sacco members. Stakeholders will discuss blended finance, land reforms, green housing and technology in the housing sector. The Kenya Mortgage Refinance Company (KMRC) will convene…

Kenyans receiving services at the Kenya Revenue Authority headquarters. PHOTO/KRA

KRA to freeze accounts, deactivate PINs of housing levy defaulters

Sacco ReviewAugust 17, 202605 mins

KRA will intensify enforcement against Affordable Housing Levy defaulters, including freezing bank accounts and deactivating tax PINs. Defaulters face a 3 per cent monthly penalty on unpaid levy amounts. KRA is deploying 1,406 revenue service assistants to boost compliance, especially among informal businesses. Kenyans who fail to remit the Affordable Housing Levy risk having their…

Kileleshwa residents ask Senate to reject development policy

Sacco ReviewAugust 6, 202605 mins

KIWANA has asked Senator Edwin Sifuna to reject the Nairobi County Development Policy 2026 and table its petition in the Senate. Residents say the policy lacks adequate public participation and could encourage unchecked high rise developments. The association wants sustainable development guided by proper planning and public consultation. The Kileleshwa Ward Neighbourhood Association (KIWANA) has…

Ruto unveils Sharia-compliant financing for Affordable Housing Programme

Sacco ReviewAugust 5, 202604 mins

President William Ruto said the Affordable Housing Programme now offers Sharia compliant financing, allowing Muslim Kenyans to buy homes without interest. Ruto said the option was introduced under the Affordable Housing Act, 2024, to make the programme more inclusive and address low uptake among Muslims. The President said affordable housing projects are being rolled out…

IHS Kenya bets on middle-class demand with new Ksh1bn homes

Sacco ReviewAugust 3, 202604 mins

IHS Kenya launches Ksh1bn housing project in Tilisi, adding 240 apartments targeting middle income homebuyers and investors. Apartments start from Ksh6.55m, with the development designed to meet EDGE green building certification standards. Developer targets 3,000 homes by 2030 as private investment helps address Kenya’s housing shortage. International Housing Solutions (IHS) Kenya has unveiled a Ksh1…

Government defends Affordable Housing plan as 8,807 units complete

Sacco ReviewAugust 3, 202606 mins

Affordable housing: Government says 8,807 units are complete, with 198,726 under construction. Student housing: 37,347 units are being built to accommodate over 130,000 learners. Nandi projects: 24 projects worth Sh15.7 billion are underway, including housing, hostels and markets. The government has defended the progress of the Affordable Housing Programme, saying thousands of housing units have…

Kenya’s homeless population may be 25 times official figure

Sacco ReviewAugust 1, 202607 mins

Homeless population may be as high as 500,000, stakeholders say, far above the official estimate of 18,000. Stakeholders called for stronger housing policies and social protection programmes. Speakers urged closer national and county government collaboration to tackle homelessness. Kenya’s homeless population could be as high as 500,000, according to stakeholders who say official government estimates…

PS Hinga sets record straight on Ksh2.56 billion Boma Yangu withdrawals

Sacco ReviewJuly 23, 202605 mins

Housing PS Charles Hinga said the reported Ksh2.56 billion Boma Yangu withdrawals were misinterpreted, noting Ksh1.76 billion was used as deposits for affordable housing units while Ksh803 million was withdrawn. He said withdrawals were mainly for personal needs, such as school fees, or due to uncertainty over the programme, insisting the figures do not show…

Machakos University hostel project resumes after construction delay

Sacco ReviewJuly 22, 2026July 22, 202604 mins

Construction of the Ksh1.2 billion Machakos University Student Village hostel has resumed after delays caused by difficult ground conditions, with the contractor implementing a recovery plan. The project will deliver three hostel blocks accommodating about 2,520 students, alongside access roads, power infrastructure and a student mini mart. The contractor will run simultaneous construction, extended working…

Skilled labour shortage drives up construction costs in Kenya

Sacco ReviewJuly 21, 202605 mins

Kenya’s construction labour costs rose by 4.38% between the first and second quarters of 2026, driven by growing demand for skilled workers. Carpenters, painters, welders, and mechanics recorded the biggest wage increases, reflecting a shortage of skilled artisans across the sector. Rising labour costs, alongside higher prices for building materials, transport, and fuel, continue to…