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

President Ruto launches Ksh750M Awendo housing project, pledges jobs, urban renewal

Sacco ReviewAugust 15, 202503 mins

President William Ruto on Thursday, August 14, officially launched the Awendo Affordable Housing Project, the Ksh750 million initiative which will deliver 293 modern housing units within the next 12 months. The development is located on a 1.8-acre site adjacent to the Awendo Mosque According to the plan, the project will feature two high-rise residential blocks,…

Parliament cuts affordable housing deposit to 5% amid ksh1.2B worth unsold homes

Sacco ReviewAugust 15, 202504 mins

Parliament has approved the Affordable Housing Programme new rules cutting the requirement deposit from 10 percent to 5 percent. This will enable more Kenyans hoping to own homes under the government’s Boma Yangu programme to pay much lower deposit. The National Assembly passed the Affordable Housing Regulations of 2025 on August 14, 2025 in a…

Kenya’s affordable housing gets big boost with Sh120b treasury allocation

Sacco ReviewAugust 11, 202505 mins

The National Treasury and Economic Planning Cabinet Secretary (CS), John Mbadi has said the National Treasury has set aside Sh120.2 billion to the housing and settlement sector in the 2025/26 financial year. Mbadi said the move is aimed at bridging the widening gap in home ownership, particularly in urban areas. Speaking during the 4th Kenya…

CS Wahome calls for Affordable Housing Programme support amid financial shortfall

Sacco ReviewAugust 8, 202508 mins

Lands, Housing and Urban Development Cabinet Secretary (CS) Alice Wahome has called on private sector players to actively support Kenya’s Affordable Housing Programme, amid a massive Ksh326 billion annual financing shortfall. The CS announced that the government was exploring partnerships with commercial banks, retirement benefit schemes, mortgage schemes, SACCOs, development partners, and the wider business…

Senate committee approves affordable housing regulations

Sacco ReviewAugust 8, 202503 mins

The Senate Committee on Delegated Legislation has consented to the Affordable Housing Regulations 2025 to facilitate seamless implementation of the Affordable Housing Programme. Chaired by Senator Mwenda Gataya (Tharaka Nithi), the committee was taken through the objectives and key components of the proposed Regulations, which are set to guide the implementation of the Affordable Housing…

Report: Landlords opt for tenant retention over rent increases amid tough economic times

Sacco ReviewJuly 28, 202506 mins

Landlords across Kenya are opting to keep rental rates steady despite the turbulent nature of the economy, this is in a bid to maintain occupancy levels. The trend, observed in the second quarter (Q2) of 2025, comes as the cost of living continues to erode disposable incomes and tightens tenants’ wallets. At the same time,…

KCB given greenlight to sell 7 houses in Ksh446 million loan recovery

Sacco ReviewJuly 16, 2025July 16, 202504 mins

Kenya Commercial Bank (KCB) is set to sell 7 residential units, owned by real estate developer Mahugu Limited, to recover a substantial loan amount. This comes after the court cleared the bank to proceed in the loan recovery spree. The ruling by Justice Peter Mulwa comes amidst a Ksh446 million loan dispute and claims by…

Ruto, Raila commission Ksh66 billion Makasembo Housing Project in Kisumu

Sacco ReviewJuly 9, 202505 mins

President William Ruto and former Prime Minister Raila Odinga officially commissioned Phase I of the Makasembo Affordable Housing Project in Kisumu on Saturday, May 31. The project, developed by the Local Authorities Pension Fund (LAPFUND), marks a major milestone in the government’s affordable housing programme and the broader Bottom-Up Economic Transformation Agenda (BETA). Construction of…

Why Coops uptake in Affordable Housing program remains low

Sacco ReviewJuly 3, 202506 mins

Housing Co-operatives, SACCOs as well as Investment units of these Societies appear to have given the state-run affordable housing program a wide berth. A spot check of various players in the Housing Cooperatives Segment reveals lack of interest in the program by most while others cite numerous bottlenecks. Savings and credit co-operatives (SACCOs) Top Executives…

PS Hinga reveals ambitious housing plan as Housing levy surpasses ksh120 billion mark

Sacco ReviewJune 27, 202507 mins

Principal Secretary for Housing and Urban Development Charles Hinga has announced that the government has successfully collected approximately Ksh120 billion through the Housing Development Levy in a significant update on the Affordable Housing Program. Speaking in Mombasa at a meeting with the National Assembly Departmental Committee on Housing, Urban Planning and Public Works, Hinga revealed…