Gvt to set up 4,470 housing units as Banks commit Billions for mortgages

The government has rolled out a plan to construct a total of 1,500 housing units in Pangani and another 1,600 to be built in Jevanjee. Six leading local banks, Absa, Equity, KCB, NCBA, Housing Finance, and Stanbic, have also confirmed their commitment to giving Sh335 billion for homeownership mortgages, all this under the Affordable Housing Programme (AHP). The banks will finance potential homeowners...

Tenants to Provide Physical Proof for Nonpayment of Rent

Landlords will only waive rents for Tenants who provide documents proving that they cannot earn income during the Covid-19 pandemic. According to the Urban Tenants Association of Kenya, some tenants, especially those living in residential areas have been hiding behind the Covid-19 crisis and are deliberately refusing to pay their rents and yet they can afford lavish lives. Some landlords have been...