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Ruto Reveals Monthly Rent Kenyans Will Pay For New Affordable Houses; Asks MPs To Pass Crucial Bill

Speaking from Mukuru as he presided over the inspection of the ongoing construction of affordable houses today on October 3rd, President William Ruto highlighted the monthly rent for new housing units under the project.

The President said that for the houses that are being constructed, their monthly rent charges will be as follows;

At Mukuru and under the 'Social Housing' plan, that's programme for occupancy without the option for ownership, the bedsiters will be going for a monthly rent of 3,000 shillings, 1 bedroom houses will be 5,000 per month and two-bedroom houses will be 6,500 shillings per month.

Then for the 'Affordable Housing' plan, one-bedroom houses will be going for monthly charges of 6,500 shillings while two-bedroom houses will be 10,000 shillings each.

However, the President said that this will be a mortgage and not rent, whereby the occupant will at one point in the future own the house.

The Head of State also went ahead to urge legislators to pass the 'Housing Fund' bill so that he may effectively implement this plan.

"The Housing Fund will give the Kenyan Government the leverage to make sure that we can raise the money to provide mortgage for the ordinary people in every part of Kenya to own a home.

Please good people, I'm urging you as Honourable Members of Parliament to pass the Housing Fund," he said.

To County Governments, he told them that "for us to be able accelerate the development of housing in all parts of Kenya, I look forward data Governors will make it possible and give us land so that we may roll out the affordable housing project in all our major towns and make 2-3 million Kenyans homeowners."

Content created and supplied by: AustineBarasa (via Opera News )

Crucial Kenyans Mukuru Ruto William Ruto


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