President Uhuru Kenyatta on Tuesday said his government will put up over 500,000 new houses for Kenyans in a bid to address acute shortage of houses in the country.
“It is our intention to facilitate affordable housing; and a home ownership programme that will ensure every working family can afford a decent home. That is why, over the next 5 years, my Administration will create 500,000 new home owners,” said Kenyatta during his swearing in at Kasarani.
The president said that his administration will focus on attracting from public and private sources, the injection of patient, low-cost capital into the housing sector. “Policy and administrative reforms which are targeted at lowering the cost of construction, and improving accessibility of affordable mortgages will be given first priority,” he said.
Reacting to this move yesterday (Wednesday),Urithi Housing Cooperative Society Limited chairman, Samuel Maina welcomed the initiative saying it was long overdue.
He said the cooperative movement would supplement government efforts to realize this dream. He said his cooperative was already engaged in providing affordable and decent houses around the country and the government’s endeavor could not have come at a better time.
“We welcome this move because it will bring synergy in the construction sector. This will enable those involved in the sector to supplement government efforts to realize its goal and thus provide low cost and decent houses to thousands of Kenyans who are yearning for the same,” said the Cooperative Society boss.
He particularly commended the government for planning to introduce Policy and administrative reforms which are targeted at lowering the cost of construction, and improving accessibility of affordable mortgages.
“With this in place, cooperative movement and other organizations in the construction industry will be able to provide thousands of houses to needy Kenyans,” said Maina in a telephone interview.