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June 1, 2025
12mo ago

Ruto Announces Changes to Housing Levy for All Kenyans

Ruto Announces Changes to Housing Levy for All Kenyans

The president was speaking at the 62nd Madaraka Day celebrations...

✨ Key Highlights

President William Ruto announced during the 62nd Madaraka Day celebrations in Homa Bay a plan to reform laws, enabling Kenyans to access Ksh5 million in low-interest mortgages. This initiative aims to assist both first-time homeowners and those with existing mortgages, making housing more accessible.

  • Up to Ksh5 million will be available for affordable home loans at single-digit interest rates.
  • President William Ruto is the key figure behind this proposed constitutional reform.
  • The plan also allows contributors to offset existing mortgages, easing home financing costs for many.
  • This announcement follows the recent handover of 1,080 units at Mukuru Kwa Reuben, Nairobi, and 110 units at Boma Yangu in Homa Bay.

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