REAL ESTATE NEWS
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Kenyan low-income earners are set to begin getting cheap house loans following the launch of Kenya Mortgage Refinance Company (KMRC).
The State-backed refinancing company was launched this week by President Kenyatta as part of the government's plan to deliver the affordable housing project.
KMRC…
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President Kenyatta has officially launched the Kenya Mortgage Refinancing Company (KMRC), a government-backed entity whose mandate is to deliver low-cost houses to low-income earners in the country.
KMRC has been formed through a partnership between the government and the private sector.
The…
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The government is on Wednesday set to launch a company whose mandate will be to deliver President Kenyatta's affordable housing project.
Dubbed the Kenya Mortgage Refinancing Company (KMRC), the government-backed entity will advance cash to banks and Saccos for on-lending to Kenyan home buyers.…
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Members of Parliament have temporarily saved Nairobi's Seefar Apartments from being demolished.
In what could be a sigh of relief for homeowners at Seefar Apartments, members of the Parliament's Environment Committee have barred involved government agencies from bringing down the expensive…
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The Nairobi county government is set to pay residents of old Pangani Estate Sh28.8 million to vacate the area.
City Hall says each of the about 50 families living in the estate will receive Sh600,000 to vacate the properties to pave way for new development.
Once they vacate, old houses in the…
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The World Bank has approved a loan of $250 million (Sh25 billion) to Kenya to help with the country's affordable housing.
Through the Kenya Affordable Housing Finance Project (KAHFP), the loan will support the establishment of Kenya Mortgage Refinance Corporation (KMRC).
The government plans to use…
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Housing and Urban Development Principal Secretary Charles Hinga says the government will allocate low-cost houses to Kenyans using a lottery system.
Speaking during an interview with Citizen TV, PS Hinga has revealed that only those who register and make monthly contributions to the Housing Fund…
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Kenyans on social media have launched an online campaign to oppose the 1.5 percent housing levy on all employees.
Using hashtag #ResistHousingFundLevy, online users have rejected the government's intention to implement the tax, terming it oppressive and a scheme by corrupt officials to steal more…
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The Labor court on Wednesday suspended government's decision to implement the 1.5 percent Housing Fund levy starting next month.
This comes after the Consumers Federation of Kenya (COFEK) filed a suit to challenge the tax terming it as illegal.
In its suit, the body argues that if implemented, the…
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The Federation of Kenya Employers (FKE) has dismissed a notice by the government announcing the implementation of 1.5 percent housing levy on all workers starting next month.
In a statement, the body says the notice is illegal since a court order that suspended the implementation of the levy up to…
