Govt cuts Affordable Housing deposit from 10pc to 5pc
The President says salaried workers will now pay 5 percent of the unit’s value, down from the previous 10 percent. Kenya breaking news | Kenya news today |..
✨ Key Highlights
President William Ruto has announced a reduction in the deposit required for Kenya's affordable housing program, lowering it from 10 percent to 5 percent of the unit's value.
- A 5 percent deposit is now required for salaried workers seeking affordable housing units.
- The initiative involves the Kenyan Government and is promoted through the Boma Yangu platform.
- The President also highlighted progress in healthcare, labor rights, and ongoing development projects in Vihiga county with a KSh15 billion investment.
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KRA Seeks Public Input on Residential Rental Income Tax Regulations - May 2026
The Kenya Revenue Authority (KRA) is seeking public input on new draft regulations designed to enhance compliance in residential rental income tax. Separately, President William Ruto has announced a reduction in the deposit required for Kenya's affordable housing program, lowering it from 10 percent to 5 percent of the unit's value. Central Organization of Trade Union (COTU) Secretary General Francis Atwoli has clarified that the recently announced 12 percent wage increase is a broad-based salary adjustment for all workers, not just a revision of the statutory minimum wage, following President William Ruto's Labour Day announcement. These three stories are linked through government economic policies affecting Kenyan workers and citizens, covering tax compliance, housing affordability, and wage regulations.
