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Originally published by The Standard BusinessOctober 16, 2025
6h ago
State housing board hires advisor to help monetise property agreements

The housing board seeks to change its model of selling units, adopting the offtake method common in the Kenyan market among private developers...
✨ Key Highlights
The Affordable Housing Board (AHB) has hired a transactional advisor to help monetize tenant purchase scheme (TPS) agreements through capital markets, aiming to boost revenue beyond the current Sh6.2 billion monthly from the affordable housing levy. This move seeks to facilitate faster reinvestment of funds to address Kenya's housing deficit.
- The AHB plans to increase monthly affordable housing levy collections to Sh9 billion from the current Sh6.2 billion.
- AHB Chair Jeremiah Simu stated that monetizing TPS agreements via capital markets, potentially through Real Estate Investment Trusts (REITs) or bonds, will allow for quicker recycling of invested cash.
- The Affordable Housing Programme (AHP) has completed 3,171 units with 128,028 units currently under construction, aiming to bridge a 2 million-unit national housing shortage.
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