By I.P. Reporter
The State Department for Housing and Urban Development has officially launched the sale of 4,888 affordable housing units across 17 counties in Kenya, offering citizens an opportunity to own homes under three key categories:
Social Housing Units, Affordable Housing Units, and Affordable Middle-Class Housing Units.
In a notice dated November 21, 2024, the department confirmed that these units, including studio, one-bedroom, two-bedroom, and three-bedroom apartments, are nearing completion and will soon be available for sale and allocation.
“We are launching the sale of Affordable Housing Programme and Social Housing projects nearing completion,” the notice stated.
The housing units are designed to cater to various income groups, aiming to provide affordable homeownership options for Kenyans across the country.
Available Housing Units by County
Kiambu County leads with 1,027 units, followed by Nakuru (440), Nyandarua (326), Machakos (294), and Embu (248). Other counties such as Uasin Gishu, Kakamega, and Vihiga each have 220 units, while Kirinyaga and Homa Bay counties offer 110 units. Migori County has 60 units available for allocation.
Social Housing Units: Affordable Options for Low-Income Earners:
Social Housing Units are available for Kenyans earning less than KSh 20,000 per month. These units come with flexible financing options to ease the burden of homeownership.
Studio units (20 sqm) are priced at KSh 640,000 with a monthly repayment of KSh 3,900.
One-bedroom units (30 sqm) are available for KSh 960,000 with a repayment of KSh 5,350 per month.
Two-bedroom units (40 sqm) are priced at KSh 1.28 million, with monthly repayments of KSh 6,800.
Affordable Housing Units: Middle-Income Earners:
Affordable Housing Units are aimed at individuals earning between KSh 20,000 and KSh 149,000 per month.
These units are available in eight typologies, with prices ranging from KSh 1 million to KSh 3.2 million, and repayment options spanning KSh 7,250 to KSh 23,128 per month, depending on the unit size.
Examples include:
Studio units (20 sqm) for KSh 1 million, with a repayment of KSh 7,250.
One-bedroom units (30 sqm) for KSh 1.5 million, with a repayment of KSh 10,850.
Two-bedroom units (40 sqm) for KSh 2 million, with a repayment of KSh 14,450.
Three-bedroom units (60 sqm) for KSh 3 million, with a monthly repayment of KSh 21,680.
Affordable Middle-Class Housing Units: Premium Options for Higher-Income Earners.
Affordable Middle-Class Housing Units are designed for individuals earning more than KSh 149,000 per month.
These premium units offer larger spaces and are priced from KSh 2.4 million to KSh 5.4 million. Monthly repayments vary from KSh 21,160 to KSh 47,610, depending on the unit type.
Examples include:
Two-bedroom units (40 sqm) for KSh 2.4 million, with a repayment of KSh 21,160.
Three-bedroom units (60 sqm) for KSh 3.6 million, with a monthly repayment of KSh 31,750.
Larger three-bedroom units (90 sqm) for KSh 5.4 million, with monthly repayments of KSh 47,610.
Eligibility and Financial Support for Homebuyers.
The program is structured to cater to various income levels.
Social Housing Units are available to individuals earning less than KSh 20,000 per month, with deposit assistance to help with the initial payment.
Those earning between KSh 20,000 and KSh 149,000 can apply for Affordable Housing Units, while those earning above KSh 149,000 are eligible for the Affordable Middle-Class Housing Units.
Under the “One ID, One Housing Unit” principle, every Kenyan is eligible to purchase a unit based on their identification, ensuring equal access to the program.
For those contributing to the housing levy through salary deductions, the process is straightforward: workers automatically qualify for the program with a 1.5% deduction from their monthly salaries.
The levy is collected by the Kenya Revenue Authority (KRA) and is designed to fund the national Affordable Housing Program.
Those interested in purchasing homes can learn more about the program through KRA, which manages the Affordable Housing Levy and the home-buying process.
The system allows automatic deductions, ensuring that eligible workers are registered for the program without needing additional paperwork.
Ends.
