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

Gov’t plans to end zero-rated VAT for affordable housing

Sacco ReviewJune 12, 202604 mins

The government has announced plans to scrap the zero-rated Value Added Tax (VAT) status currently applied to affordable housing projects, signalling a major change in the taxation of one of its flagship development programmes. Speaking during a press briefing, National Treasury Cabinet Secretary John Mbadi said the proposed reforms will be included in the 2026…

Omtatah demands Senate probe into affordable housing projects over land-grabbing claims

Sacco ReviewJune 10, 202604 mins

Busia Senator Okiya Omtatah has formally petitioned the Senate to investigate what he describes as irregular development of Affordable Housing projects on public and community land, warning that the programme risks becoming “a cover for land grabbing.” In a request for a statement submitted to the Senate Standing Committee on Land, Environment and Natural Resources,…

Ruto: Kenya’s affordable housing costs no more than informal dwellings

Sacco ReviewMay 18, 202605 mins

President William Ruto has defended Kenya’s affordable housing initiative, stating that the country has shown that people living in informal settlements can move into modern high-rises without facing higher living costs. Speaking at the World Urban Forum in Baku, Azerbaijan, on May 18, President Ruto highlighted that Kenya had begun replacing Nairobi’s informal settlements with organised,…

President Ruto launching the Affordable housing in Mukuru

Treasury sets aside Ksh over 50 billion for affordable housing in 2026/2027 budget

Sacco ReviewMay 8, 2026May 8, 202603 mins

Kenya’s push to put more citizens under decent roofs is receiving a fresh financial shot in the arm, with the National Treasury earmarking Ksh 50.6 billion for the Affordable Housing Programme (AHP) in the 2026/2027 financial year. The allocation, which forms 37 percent of the total Ksh 135.8 billion set aside for Housing, Urban Developments…

Ruto cuts housing deposit from 10% to 5%, urges workers to register on Boma Yangu

Sacco ReviewMay 1, 2026May 14, 202603 mins

President William Ruto has announced a reduction in the deposit required for affordable housing units, lowering the rate for salaried workers from 10 per cent to 5 per cent of a unit’s value. Speaking during the 2026 Labour Day celebrations in Vihiga County, President Ruto said the move is aimed at easing access to home…

KCB unveils mortgage solution to unlock home ownership for Kenya’s informal sector

Sacco ReviewMay 1, 202604 mins

KCB Bank has launched a groundbreaking mortgage product targeting Kenya’s informal workforce, a move expected to expand access to affordable housing and reshape the country’s mortgage landscape. The new facility, offered at a single‑digit interest rate, is tailored for SMEs, artisans, boda boda operators, gig economy players, and digital content creators whose income streams are…

Parliament approves KSh25 billion to rescue affordable housing projects at risk of stalling

Sacco ReviewApril 7, 202603 mins

More than 1,700 affordable housing units that were on the verge of stalling will now proceed after Members of Parliament approved KSh25 billion to unlock funds previously tied up in Treasury Bills. The allocation, passed under Supplementary Estimates I for the 2025/26 financial year, is expected to ensure contractors are paid and ongoing projects remain…

Government scraps affordable housing deposit for low-income Kenyans to boost homeownership

Sacco ReviewDecember 20, 2025December 20, 202504 mins

Low-income Kenyans earning Sh20,000 or less will now access houses under the Affordable Housing Programme without paying an upfront deposit, following a government waiver designed to ease barriers to homeownership. Housing Principal Secretary Charles Hinga said the policy targets households that can afford monthly repayments but struggle to raise lump-sum deposits. He explained that while…

CS Alice Wahome Unveils Affordable Housing Units Promising Job Opportunities to Youth

Sacco ReviewOctober 8, 202403 mins

Lands and housing cabinet secretary Alice Wahome has announced that some 130,000 units are currently being constructed across the country under the affordable housing unit that the Kenya Kwanza administration has rolled out. The CS who was speaking in Kisumu during the observance of world habitat day said the program will provide numerous employment opportunities and…

Mi Vida Homes partners with Misitu Sacco to foster growth

Sacco ReviewMay 24, 202403 mins

Mi Vida Homes, a reputable property developer signed a partnership with Kimisitu Sacco and has allowed the members to invest in its residential projects in Garden City, Nairobi. The Garden City Project sits on a 47-acre land with a mixed-use urban development comprising residential units commercial spaces, offices, retail outlets, and recreational amenities. It offers…