The Implementation of the Affordable Housing Programme initiated by President Uhuru Kenyatta is expected to continue, after the Treasury proposed Kshs.
27.7 billion allocation in the 2022/2023 budget.
Yatani further said for that to be achieved, the Government has been implementing policy and administrative reforms targeted at lowering the cost of construction and improving access to finance for affordable housing. The Government has also mobilized resources to support construction of affordable housing units and social housing units.
The programme was launched by President Kenyatta in 2017 targets to deliver 500,000 housing units, and is now set to continue when he leaves office after the August 9 General Election.
According to National Treasury Cabinet Secretary Ukur Yatani, the programme which was designed to provide affordable housing units to Kenyans, was also envisaged to create additional jobs, provide a market for manufacturers, as well as suppliers, and raise the contribution of real estate and construction sectors to GDP.
Additionally, Kshs. 1.2 billion will cater for the construction of Social Housing Units.
Treasury has also allocated Housing, Urban Development and Public Works sector Kshs. 5.9 billion for the Kenya Informal Settlement Improvement Project-Phase II, Kshs. 700 million for construction of markets, Kshs. 1.0 billion for maintenance of Government Pool Houses, Kshs. 1.1 billion for the construction of Housing Units for the National Police and Kenya Prison Kshs. 700.0 million for the Kenya Urban Programme.
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