Raila Odinga said over 60% of residents in urban areas live in slums but said his government would construct modern housing structures The Orange Democratic Movement (ODM) leader said the fund would help address the housing shortage in the country The production of housing units is currently at less than 50,000 units annually according to the World Bank as Kenya faces a deficit of 2 million units.
Azimio la Umoja One Kenya Coalition Party presidential aspirant Raila Odinga has promised to reintroduce the housing levy if elected Kenya's fifth president. Raila launches the affordable housing project at the former Makasembo Estate in Kisumu. Photo: Anyang' Nyong'o. Source: Twitter The Orange Democratic Movement (ODM) leader said the fund would help address the housing shortage in the country. Raila said over 60% of residents in urban areas live in slums but said his government would develop a proper plan of development by constructing modern housing structures. READ ALSO MPs Seek KSh 1.1m Monthly Pay, Additional KSh 2.5m for Sleek Cars as Economy Bites "There is a shortage of houses; this is something that needs to be arrested and reversed. What is being done here today is basically responding to the needs of high numbers of our people who have moved from rural areas to towns as urbanization continues to escalate," he said at the Africities Summit in Kisumu on Wednesday, May 18.
Kenyan housing shortage According to World Bank, the production of housing units is currently at less than 50,000 units annually, well below the target number, culminating in a housing deficit of over 2 million units. The situation is worsened by an urbanisation rate of 4.4%, equivalent to 0.5 million new urban dwellers every year. Speaki political analyst Mark Bichachi said there was a need to address affordable housing in this country. "The only way is to empower the government to build as many houses at low cost as possible, this will also bring costs down for private buildings as well. fund is entitled to a tax relief equal to 15% of the gross salary up to KSh 108,000 per annum.
Azimio la Umoja One Kenya Coalition Party presidential aspirant Raila Odinga has promised to reintroduce the housing levy if elected Kenya's fifth president. Raila launches the affordable housing project at the former Makasembo Estate in Kisumu. Photo: Anyang' Nyong'o. Source: Twitter The Orange Democratic Movement (ODM) leader said the fund would help address the housing shortage in the country. Raila said over 60% of residents in urban areas live in slums but said his government would develop a proper plan of development by constructing modern housing structures. READ ALSO MPs Seek KSh 1.1m Monthly Pay, Additional KSh 2.5m for Sleek Cars as Economy Bites "There is a shortage of houses; this is something that needs to be arrested and reversed. What is being done here today is basically responding to the needs of high numbers of our people who have moved from rural areas to towns as urbanization continues to escalate," he said at the Africities Summit in Kisumu on Wednesday, May 18.
Kenyan housing shortage According to World Bank, the production of housing units is currently at less than 50,000 units annually, well below the target number, culminating in a housing deficit of over 2 million units. The situation is worsened by an urbanisation rate of 4.4%, equivalent to 0.5 million new urban dwellers every year. Speaki political analyst Mark Bichachi said there was a need to address affordable housing in this country. "The only way is to empower the government to build as many houses at low cost as possible, this will also bring costs down for private buildings as well. fund is entitled to a tax relief equal to 15% of the gross salary up to KSh 108,000 per annum.