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Africa Housing News > Blog > Latest Affordable Housing > State may reduce affordable housing deposit levy – MP
Latest Affordable Housing

State may reduce affordable housing deposit levy – MP

By Author
Last updated: 2024/01/29 at 12:26 PM
By Author Published January 29, 2024
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The government might consider lowering the Affordable Housing Project levy deposit from the current 10 per cent to accommodate more middle and lower-income earners, Molo MP Kimani Kuria has said.

The Departmental Committee on Finance and National Planning chairperson said most of the people giving their representations during the ongoing public hearings exercise on the Affordable Housing Bill 2023 felt the monthly levy was very high.

He promised that after collecting views, the committee would find the most appropriate percentage of the total housing unit cost that would suit the lower-income earners as a way of ensuring inclusion.

READ ALSO: Bid to extend affordable housing waiver for Aberdeen’s Greyfriars House site

Speaking in Kinangop, Nyandarua, Kuria who is also the Molo MP assured the residents that the committee would incorporate their views in the Bill.

The Bill’s objective is to create a framework for the project.

Kuria said that it was highly likely that the AHP houses would be over-subscribed because many people were interested in owning them.

“It looks like there will be more people willing to take up the houses than the available units that the government is planning to build,” he said.

The MP said those who will have paid but fail to acquire houses will have their money refunded within the shortest time possible.

“In case of a delay in the refunding the money, the housing fund will ensure that people will be paid with interest,” he said.

READ ALSO: See 10 Affordable Places to Have Fun With Family This Christmas

He promised that there would be parameters to ensure fair distribution of the housing units with priority being given to those who may have been affected by the project.

He added that the parameters were meant to ensure that the rich benefit from the housing project at the expense of the middle and low-income earners.

Kinangop MP Kwenya Thuku praised the project saying that people will get better housing which will make it easy to offer other services such as electricity and water supply.

He noted the agricultural land was reducing due to subdivision and construction thus the need to reserve the remaining land for farming and livestock keeping.

Source: Thestar

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TAGGED: AFFORDABLE HOUSING, Africa housing news, Construction, Housing, Kinangop, Latest Housing News & Updates - Africa Housing News, real estate, trending news
By Author January 29, 2024 January 29, 2024
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