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July 28, 2026
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Affordable Housing Owners to Face Faster Loan Recovery Timelines in New Bill

Affordable Housing Owners to Face Faster Loan Recovery Timelines in New Bill

The developments come as the government seeks to expand access to affordable home ownership, with homeowners able to use the units as collateral for getting loans...

✨ Key Highlights

Kenyan Parliament is reviewing proposed amendments to the Land Act that could significantly slash the time lenders have to recover loans and sell properties under the Affordable Housing Programme (AHP).

  • The statutory period before lenders can enforce a loan secured by an affordable housing property could be cut from 90 days to 45 days, with the notice period for sale reduced from 40 days to 20 days.
  • The National Assembly Departmental Committee on Lands is scrutinising the proposed Business Laws (Amendment) Bill, which has passed the Senate.
  • Committee chair Joash Nyamoko stated the committee must determine if the bill promotes investment while protecting borrowers' constitutional rights.

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