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Unlock affordable housing with new mortgage solutions
An apartment under construction. Developers in Kenya are required to install at least one passenger lift in a building comprising of more than six storeys. FILE PHOTO | NMG
Kenya's home construction industry has evolved rapidly, bringing in new players to fill the void of providing long-term funds, helping to realise the dream of homeownership for many. Simultaneously, under the Affordable Housing Agenda, the government has emerged as a key player, facilitating land provision and mobilising funds for mass housing projects.
Lenders have been entrusted with overseeing the disbursement of mortgages to prospective homeowners under the government-led scheme.
