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

Small co-operatives to reap big in affordable housing projects, says PS

Sacco Review4 months ago3 months ago02 mins

The government will use small-scale mining cooperatives to supply construction materials for the affordable housing projects across the country. Mining Principal Secretary (PS) Elijah Mwangi said that his department has signed a Memorandum of Understanding with the Housing Department for the miners to provide over 60 percent of the materials required for the projects. Speaking…

Kamuthi Housing Coop helps Kiambu boda boda riders acquire land

Sacco Review5 months ago5 months ago03 mins

A group of boda boda riders from Ruiru in Kiambu County have a reason to celebrate after they acquired a 5-acre piece of land along Thika Road, with the help of Kamuthi Housing Cooperative Society. The Boda Boda Association, consisting of 200 members, received a title deed after diligently saving Ksh50 per day. Lawrence Kariuki,…

Housing Director urges Kenyans to support affordable Govt’s housing programme

Sacco Review5 months ago5 months ago02 mins

National Housing Corporation (NHC) Director Joshua Nyamori has asked Kenyans to support the Affordable Housing Programme aimed at providing affordable housing. The Director, who is also a Lawyer, said that the programme aims to ensure low-income earners have access to decent housing. Nyamori, who was speaking in Kisumu during a housing exhibition, he observed that…

PS Hinga: Housing Fund will offer affordable housing to millions

Sacco Review7 months ago7 months ago03 mins

Principal Secretary (PS) of Housing and Urban Development Charles Hinga has defended the housing levy, arguing that it aims to provide housing to millions of people who lack the means to build, purchase or secure a mortgage for their own homes. The PS said in Nairobi, one of Africa’s most developed cities, 90 percent of…

How rise of Airbnbs led to slow death of traditional hotels

Sacco Review7 months ago7 months ago04 mins

Since the inception of Airbnbs in 2008, traditional hotels have continued to registered low to almost no profits. AirBnBs have gained popularity among travelers who are in search of affordable accommodation, convenient locations, and the comforts of home. Linnet Wanjugu Murage, the owner of the Hamptons Apartment in Nyeri county, said holiday homes have rapidly…

Real estate stakeholders seek Govt intervention over delayed issuance of title deeds

Sacco Review7 months ago7 months ago03 mins

Players in the real estate sector have raised alarm over delays in processing of title deeds. Association of Real Estate Stakeholders Chairman Kinyua Wa Iratu claims the delays have been occasioned by rampant corruption in various land registries infiltrated by cartels. He noted that some unilateral decisions like changes in land rates and other statutory…

Obonyo lauds Muungano Women Housing Coop for contribution to affordable housing

Sacco Review7 months ago7 months ago03 mins

Commissioner for Cooperatives Development David Obonyo has commended Muungano Women Group Housing Cooperative for playing a key role in offering affordable housing in line with the Bottom up Economic Transformational Agenda (BETA). Represented by Morris Mworia from his office, the commissioner lauded the cooperative for empowering women and cooperatives in general for playing a significant role in supplementing…

Absa Bank, Unity Homes partner to offer mortgage financing

Sacco Review8 months ago8 months ago05 mins

Unity Homes and Absa Bank Kenya have entered into an agreement to allow potential home buyers acquire houses in Tatu City through the affordable housing financing scheme. The collaboration will see the bank provide Kenya Mortgage Refinancing Company (KMRC)-backed mortgages with terms of up to 25 years. The price of modern apartments starts at Ksh5,950,000….

Kenyans prefer Sacco credit to buy land, houses, SASRA reveals

Sacco Review8 months ago8 months ago03 mins

Land and housing-related borrowing from credit advanced by Saccos jumped to 33.2 percent in 2022 according to a report released by the Sacco Societies Regulatory Authority (SASRA). The massive increase is 26.9 per cent up from what was recorded in 2021 showing the aggression by Saccos in empowering its members to acquire land and houses….

Report sheds light on why affordable housing is a pipedream

Sacco Review8 months ago8 months ago07 mins

Inadequate supply of affordable housing, high incidental costs, slow property registration and titling process and high cost of land for construction have been identified as some of the reasons most Kenyans are unable to own modern houses, a new report has shown. According to Kenya Mortgage Refinance Company (KMRC) 2022 Annual Integrated Report and Financial…