Attorney-General Justin Muturi has suggested implementing the National Social Security Fund (NSSF) model for housing levy collection.
While speaking during a joint session of the Finance and National Planning and the Housing and Urban Planning committees, Muturi urged lawmakers to prioritize public interests in approaching the Affordable Housing Bill 2023, signaling a potential departure from current provisions.
Emurua Dikirr MP Johanna Ng’eno, Chair of the Housing committee, raised questions about the feasibility of adopting the NSSF model for levy collection.
Muturi responded positively, describing it as a “good proposal,” while highlighting that the fate of the Bill depends on the committee’s recommendations and subsequent approval by the House during the plenary session.
Under the proposed amendment, only contributors interested in housing units would be allocated, with refunds provided to those who opt out upon retirement.
Despite facing legal challenges, President William Ruto remains committed to constructing affordable housing units.
The Kenya Kwanza administration aims to build 250,000 units annually over the next five years, with KES 250 billion earmarked for the project. Of this amount, KES 50 billion is expected to be sourced from the budget, with an additional KES 200 billion from pension funds, as outlined in their manifesto.
