Hustlers want President Ruto's affordable housing rent lowered
Nairobi City residents during the National Assembly Departmental Committee on Housing, Urban Planning and Public Works hearing on the Affordable Housing Bill, 2023 at Kenyatta International Convention Centre on January 24, 2024.
A one-bedroom house of 20 square metres will cost Sh960,000 with occupiers paying Sh5, 200 per month.
A three-bedroom unit of 60 square metres will cost Sh2.88 million, with occupiers paying Sh15, 600 monthly for 30 years after depositing 10 per cent of the house value
Reduction on the rent payable, building of social amenities and reservation of 10 per cent of the affordable houses ranked top among concerns that stakeholders from the informal sectors raised over President William Ruto’s housing project.
Majority of the stakeholders who attended the public participation exercise on the Affordable Housing Bill 2023 in Nairobi on Tuesday said while they support the programme, the Bill should be amended to include their desires.
