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Originally published by Nation Business
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business
April 6, 2026
15h ago

How MP’s Sh25bn bailout saved 1,700 affordable housing units

How MP’s Sh25bn bailout saved 1,700 affordable housing units

Treasury had failed to allocate the money invested by the Affordable Housing Board in Treasury Bills...

✨ Key Highlights

Members of Parliament (MPs) have approved a Sh25 billion bailout for the affordable housing program, averting the stalling of over 1,700 units.

  • Sh25 billion, allocated from the Affordable Housing Board's investments in Treasury Bills, was approved by the National Assembly.
  • Housing and Urban Development Principal Secretary Charles Hinga warned that projects were at risk due to the Treasury's failure to include the funds in the supplementary budget.
  • The funding is crucial to pay contractors and utilize funds generated from the Housing Levy for the months of April, May, and June 2026, preventing job losses and economic disruption.

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