Kenya’s government has unveiled draft regulations outlining procedures for citizens to access affordable housing units in rural areas, in a bid to promote equitable housing development across the country.
The Affordable Housing Regulations, 2024, published recently, establish criteria for eligibility and allocation of affordable housing units outside urban centers. To qualify, individuals must submit a written application to the Affordable Housing Board, along with approved building plans, a land valuation report, a priced bill of quantities, and proof of land ownership.
The board will assess applications based on several criteria aimed at ensuring responsible lending and effective use of funds. Applicants must have an operational voluntary savings account with the Housing Fund and demonstrate their ability to repay the borrowed amount, which cannot exceed KES 4 million.
Upon approval, the board will enter into a financing agreement with successful applicants, crediting the approved sum to their account for developing the affordable housing unit. Regular statements will be provided to maintain transparency.
Applications rejected will be communicated with reasons, allowing individuals to understand why their bid did not meet the requirements.
The regulations form part of the government’s efforts to tackle the country’s housing shortage, particularly in rural areas often overlooked by property developers. Analysts say implementing the scheme equitably will be crucial to its success.
