Housing levy cash to hit Sh89 billion in next four years

Contributions under the Housing Development Levy are expected to soar by 40.8 percent to hit Sh89 billion in the 2026/27 financial year, up from Sh63.2 billion in the current fiscal cycle.

Estimates from the draft Budget Review and Outlook Paper (Brop) show the contributions will stand at Sh70 billion in the 2024/25 fiscal year and Sh78 billion in financial year 2025/26.