Private developers seeking to participate in the production of the low cost housing scheme have been assured of favourable incentives.
Lands and Housing Cabinet secretary Zakariah Njeru said on Tuesday they are currently working closely with members of Parliament to ensure it is realised.
Among these benefits are reduction of corporate tax from 30 to 15 per cent yearly for property developers who build a minimum of 100 low-cost units, low-cost building technologies and fast track approvals.
"We are going to work together with Parliament so that the necessary guidelines are in place to have these benefits a reality," Njeru said.
First time home buyers under the programme also get stamp duty exemption.
The government has been charging between two and four per cent of total cost of the house.
The CS made the remarks during the launch of the second affordable housing conference at KICC in Nairobi.
The three-day conference is being organised by the Kenya Mortgage Refinance Company and the Ministry of Housing and Urban Development.
Njeru also said the government plans to increase access to affordable housing finance for homeowners.
This is through the provision of tenant purchase schemes otherwise known as rent-to-own and mortgages.
Through the initiative, he said, the government hopes to raise the number of mortgages from the current 30,000 to 1,000,000.
The CS said his ministry has invited bidders in construction, development, financing and support off-take plan.
In addressing the challenges and have the project become a reality, Njeru said they will be enhancing accountability, transparency and efficiency.
A taskforce to address the challenges of implementation, he said, has already been set up.
"In the next 60 days, the system will be up and running and I believe this will help address the bottlenecks that we encounter," the CS said.
