Low Income Earners to Own Houses-President Ruto
Preside William Ruto now says the low-income earners will now own a house in a new Government plan that targets slum dwellers.
He says the housing units will allow monthly payments of as low as Sh2,400 for a one-bedroom apartment.
“Under the tenant purchase scheme, the two-bedroom and three-bedroom apartments will go for Sh4,600 and Sh6,500 a month, respectively.It will attract a three per cent interest rate,” said president William Ruto.
President Ruto spoke during the launch of the proposed Kibera Soweto East Zone B Social Housing Project in Lang’ata.
He noted that the shift in the delivery model for social housing will relieve ordinary Kenyans of the burden of owning a house.
“It also enables us to open up our economy and use housing to drive sustainable development,” the President noted.
He said that such such projects will hasten slum upgrading in the country.
The President noted that the Kibera Soweto B will construct 4,054 units.
“We want all Kenyans to live a dignified life,” he noted.
Post Author
