President William Ruto on Wednesday, October 26, launched the construction of 4,054 units for former slum dwellers in the Kibera Soweto B Social Housing Project.
Speaking during the launch, the Head of State noted that low-income earners would now own a house in a new Government plan that targets slum dwellers.
President William Ruto said the shift in the delivery model for social housing will relieve ordinary Kenyans of the burden of owning a house.
“It also enables us to open up our economy and use housing to drive sustainable development.
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“We want all Kenyans to live a dignified life,” he stated.
The housing units will allow monthly payments of as low as Sh2,400 for a one-bedroom apartment.
Under the tenant purchase scheme, the two-bedroom and three-bedroom apartments will go for Sh4,600 and Sh6,500 a month, respectively. It will attract a three percent interest rate.
The President noted that such projects will hasten slum upgrading in the country.
