Govt to review house levies downwards

By KBC Reporter

The government is considering reviewing downwards levies in the housing sector in a bid to reduce the overall cost of houses.

Currently, infrastructure and levies account for 30 percent of the cost of houses which Housing Principal Secretary Architect Aidah Munano says if reduced would make houses affordable especially to low income earners.

About 30,000 housing units are constructed in the country annually. The slow pace of construction has seen demand for housing out strip supply.

The country currently faces a housing deficit of 300,000 units annually.

To bridge this deficit, the government is mulling at reviewing down taxes and other levies that developers are charged when constructing houses.

Munano says this is aimed at reducing the cost of houses that would encourage more Kenyans especially low income earners to own decent accommodation facilities.

On the Kenya Slum Upgrading Programme, there have been reports that those who benefited in Kibera ended up sub-letting the houses.

She says the government is addressing this to ensure that beneficiaries enjoy decent accommodation facilities.

The Housing PS said a housing fund has been set up to offer low cost capital to developers, in addition to a number of incentives that would be offered to the private sector to support them put up more houses going forward.

  

Latest posts

Small holder farmers set to benefit from climate-smart agriculture training

Beth Nyaga

Crown Motors launches the new Nissan Magnite SUV

Hunja Macharia

Kisumu keen on reviving tourism industry

Beth Nyaga

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More