Uhuru launches mortgage company for cheap homes

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A visit to Parkroad area in Pangani where H.E President Uhuru Kenyatta will launch the low-cost housing pilot project. In Nairobi the project will kick off in Park Road then later in Kiambiu and Starehe. This is part of the 500,000 housing units the President has promised to build in his final term.

After all, owning a home is part of the American dream, right? Unless you’ve got a ton of money saved up, you’ll have to get a mortgage – which is a type. a loan origination software company. A.

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Inside Uhuru’s million houses dream. NAIROBI, KENYA: The government named affordable housing as one of its key priorities in a four-point agenda. According to statistics from the Ministry of Transport and Infrastructure, the housing shortage in the country stands at 1.85 million houses, with annual shortage of more than 200,000 units.

 · President Uhuru Kenyatta, on Wednesday, launched a new firm, Kenya Mortgage Refinance Company, that will be tasked with overseeing his government’s Ksh2 trillion affordable housing project. The new company was launched in partnership with both the government and the private sector with the aim of boosting the delivery of the affordable houses.

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The Kenya Mortgage Refinance Company (KMRC), a Treasury-backed lender, is expected to cut the cost of home loans to single digit from the current market rate of about 13.5 percent.

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