This archive report was first published on 12 June 2020.
On June 12, 2020, the National Treasury announced a significant boost to the Affordable Housing program with a Sh15.5 billion allocation under the 2020/2021 budget.
This represents a Sh5 billion increase from the Sh10.5 billion channeled to the program in the 2019/2020 budget.
Out of the funds, Sh6.9 billion will be directed towards the enablers of the Affordable Housing program.
National Treasury Cabinet Secretary Ukur Yatani said the government will secure an additional Sh3.6 billion from the African Development Bank to finance the program, in addition to Sh7.5 billion earmarked under the Kenya Urban Programme for the Affordable Housing initiative.
"We are also concluding discussions to bring on board an additional Sh 3.6 billion from the AFDB; Sh 7.5 billion for Kenya Urban Programme and Sh1.1 billion for the ongoing construction of Gikomba, Githurai,Chaka, Kamukunji and Dagoretti markets," he said.
Established in 2017, the Affordable Housing program aims to provide affordable housing to Kenyans, with the first batch of 1,370 flagship affordable houses constructed in Nairobi's Ngara being handed over to the government in January.
