•In the 2023-24 financial year, the government allocated Sh35.2 billion towards the Housing program.
•All applications should be channeled through www.bomayngu.go.ke.
Image: JEPTUM CHESIYNA
The government has called on Kenyans to purchase ready units of the Affordable Housing Project in Nakuru.
Construction of the project commenced on May 27, 2021, with a Sh2 billion funding by King Sapphire Developers, a subsidiary of Royal Group Industries that focuses on real estate developments.
"Interested members of the public are hereby invited to purchase ready units at the affordable housing project in Bondeni, Nakuru," reads the notice by, The Ministry of Lands, Public Works and Urban Development.
The project includes 605 units where 45 are one-bedroom, 180 two-bedroom and 380 units three-bedroom.
Two bedrooms (64 sqm) are being sold at Sh3.1 million while Three bedrooms (85sqm) at Sh4.2 million.
However, the government stated that the buyers will be required to pay a 10 per cent deposit upfront to qualify.
"Qualified purchasers will be offered rent-to-own home loans at a monthly rate of two bedroom unit at Sh16,997 and three bedroom is Sh22,933," the notice reads.
This means that one will need to deposit Sh315,000 or Sh425,000, then pay Sh16,997 or Sh22,933 per month.
Prospective purchasers are invited to visit the Bondeni housing site to view the houses and register to purchase in the Boma Yangu portal.
All applications should be channelled through www.bomayngu.go.ke.
The Affordable and Social Housing Agenda is among the key pillars in the Kenya Kwanza coalition manifesto.
It has been billed as a programme that will solve the country's housing crisis while providing jobs to about a million people a year, President Ruto has marketed the idea as a do-or-die proposition.
The housing pillar of the Bottom-Up Economic Transformation Agenda (BETA) not only aims to improve the quality of life for people but also serves as an economic stimulus, promoting enterprise growth and job creation.
In the 2023-24 financial year, the government allocated Sh35.2 billion towards the Housing program.
The government has also mobilised resources to support the construction of affordable housing units and social housing units.
As part of the housing budget, Sh3.2 billion to go towards the affordable housing programme.
The overall target by the President is to construct 200,000 affordable housing units annually which will create between 600,000 and one million jobs each year.