President William Ruto’s plan to put up decent housing units for low-income earners has come under sharp focus in the past few weeks. His administration has set a target of about 250,000 low-cost units every year.
With average mortgage size in 2022 at Sh9 million at an average interest of 12.3 percent repayable in about 11 years, low- to mid-income workers are locked out of the country’s thin home loans market.
