Govt to Compel Developers to Allot 30% of Houses to Affordable Housing Program
The Kenyan government is drafting a bill that will force developers to allot 30 per cent of houses they construct for the affordable housing project which seeks to deliver 500,000 housing units in the next 4 years.
This is part of the measures undertaken by the house department to ensure the quick delivery of 500,000 houses to fill the 1.84 million house deficit reported in the country.
Housing Principal Secretary Charles Hinga said; “There is a bill we want to push to parliament, even if you are developing in your land, 30% must be affordable – low cost and social housing.”
He said that this plan will prevent the emergence of slums around posh suburbs such as Karen.
“Even if you build beautiful houses in Karen and you do not make provision for people who work there, slums will erupt,” he said.
The affordable housing project had proposed a reduction of corporate tax to 15 per cent for developers who put a minimum of 100 housing units per annum.