Sharp Daily
No Result
View All Result
Wednesday, June 4, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Real Estate

Homa Bay affordable housing nears 76% completion

Joseph Muriithi by Joseph Muriithi
November 24, 2023
in Real Estate
Reading Time: 1 min read

The government is on track to finish construction of the first phase of the Homa Bay Affordable Housing project by March 2024. The initiative, spanning 11 acres in Homa Bay, targets the creation of 400 housing units.

Sivance Olele, Director of the Government Delivery Unit in Nyanza and Western Regions, disclosed that the project has made significant progress and is nearing completion. “The project is approximately 76.0% complete. Despite the favorable progress, ongoing rains may pose delays. Originally scheduled for completion in February, we are now looking at March due to the weather conditions,” Olele explained.

The initial phase comprises 110 units, featuring 30 studios, 40 one-bedroom, and 40 two-bedroom residences. The units are priced at KES 1.6 million, KES 2.5 million, and KES 3.5 million, respectively. The project aims to provide affordable housing options for low and middle-income households.

To achieve cost savings, the program will incorporate energy-efficient lighting for both internal and external areas, lighting control with daylight and occupancy sensors, as well as low-flow showerheads and faucets for bathrooms and kitchen sinks. The project envisions utilizing clean solar power to achieve a 30.0% energy saving, 35.0% water saving, and 56.0% less embodied energy in materials, resulting in a CO2 saving of 0.3 tonnes annually.

RELATEDPOSTS

Tackling Kenya’s housing crisis with affordable solutions

May 8, 2025

Exploring real estate investment opportunities in Kenya

April 25, 2025

Olele encouraged residents of Homa Bay to embrace the government’s initiative, stating, “The government is committed to the well-being of the people of Nyanza. I urge you to cooperate with the government to reap the benefits of these projects.”

Upon completion, the implementation of this project will signify a significant achievement for the government in realizing its affordable housing objectives, specifically in providing low-cost housing for low and middle-income earners. The government program has played a pivotal role in generating employment opportunities for numerous youths across the country, both directly and indirectly.

Previous Post

Decoding the complex drivers of real estate consumer behavior

Next Post

Stanbic Bank records 32.7% growth in earnings per share

Joseph Muriithi

Joseph Muriithi

Related Posts

Real Estate

Restructure housing levy to solve Kenya’s housing crisis

May 23, 2025
Real Estate

Navigating the fallout of foreign aid reductions

May 20, 2025
International

Knight Frank; Kenya’s wealthy are trading mansions for market moves

May 16, 2025
Real Estate

Nairobi real estate divide

May 15, 2025
Real Estate

A KES 6.4 million real estate heartbreak in Syokimau

May 12, 2025
Real Estate

Hass property index: Kenya’s real estate market rebounding

May 6, 2025

LATEST STORIES

Economic reforms are costly

June 3, 2025

Cytonn Income Drawdown Fund (CIDDF)

June 3, 2025

Navigating the money market and fixed income funds landscape

June 3, 2025

Best investments for Kenyan seniors: Secure, predictable & low-risk

May 30, 2025

Why June is the Secret Sweet Spot for Travel

May 30, 2025

Strategies to elevate more women to corporate leadership

May 30, 2025

Tap on Kenya’s 2025 tech revolution

May 30, 2025

How CURBS supports employers and employees

May 30, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024