Give affordable housing task to private sector, state told
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Loading... - Peter Wamalwa
- 07 Jun 2022
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The next government should let private developers lead in the implementation of affordable houses, a developer has said.
Mizizi Africa Homes says the government should instead focus on the promotion of enabling policies, standards, and regulations that will create an enabling environment for the private developers to put up more affordable housing units.
The developer wants the next administration to focus on implementing fiscal, social and economic policies that will bring down cost of construction materials and lower rates on home loans- while allowing private developers to lead on putting up the low-cost housing units.
“We would like to see policies that promote adoption of low-cost housing technologies, standards for building materials and regulatory controls , "Mizizi Africa Homes CEO George Mburu said.
For instance, lowering interest rates on loans to ensure more people access capital to unlock homeownership opportunities.
Mburu said this would promote roll out of mass affordable housing units and allow more Kenyans move to homeownership.
He spoke when he officiated the company’s third handover ceremony- to deliver Pigeon Estate- a14 units development to individual owners.
The 14 units - three-bedroom bungalows are part of more than 69 units the company had earlier announced it would handover to customers over the first half of 2022. Read More…
