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September 5, 2026
1h ago

Govt Hints at Alternative Affordable Housing Funding Model Beyond Housing Levy

Govt Hints at Alternative Affordable Housing Funding Model Beyond Housing Levy

The move comes amid increased demand for affordable homes as the government seeks to address Kenya's housing deficit and rising urban population...

✨ Key Highlights

Kenya's government is exploring a new funding model for its Affordable Housing Programme due to a shortfall in the 1.5 per cent Housing Levy. The current levy collections are insufficient to meet the ambitious target of constructing 200,000 units annually.

  • The Housing Levy currently raises approximately Ksh6 billion per month, which Housing Principal Secretary Charles Hinga stated is not enough on its own.
  • The government is seeking long-term financing options from international development partners, including the World Bank.
  • This proposed model aims to combine Housing Levy collections, proceeds from unit sales, and partner financing to sustain construction under the Tenant Purchase Agreement scheme.

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