Kenyans living in the Diaspora have been challenged to support the Government in the achievement of affordable housing in the Country.
Urithi Housing Cooperative Society Ltd Chairman Samuel Maina, says Kenyans living abroad should be encouraged invest back in their Country of origin where it is more affordable.
This way, he said will help them earn an extra coin from their investments even as they also endeavor to build their own homes.
“We must ask ourselves what this Diaspora person could be looking for knowing well that some intend to return to their home Country at some point in future.”
Maina advised Kenyans who are employed in the Diaspora to invest property in the Country saying it is one sure way of accumulating wealth.
He said at Urithi they a very enticing concept dubbed the Hilltop Resort in Lanet area Nakuru County where they are inviting Diaspora members to invest on a hotel concept which will give returns on a monthly basis depending on size of the cottage.
Maina who spoke while unveiling the latest products by the society said the Government should introduce a housing revolving fund through which societies can get cash and put up decent and affordable houses for Kenyans.
He said unlike the Government, societies will be able to reach every corner of the Country since they are already entrenched at the grassroots level.
He said the housing revolving fund, should be availed like the HELB which assist students to access education.
According to Maina, that the involvement of societies in the realization of the Big 4 Agenda cannot be ignored.
“We want to render our input in the Government’s Big 4 Agenda because we are capable of supplementing what it is doing through economic growth, spurring agricultural, housing and production.” he said.
Among the products that Maina unveiled, were enchant Summer Gardens-Nanyuki and Nakuru’s Tumaini Heights.
The society boss said Nanyuki’s enchant summer gardens is located along Nanyuki-Meru road 2.5km from Nanyuki town and 500 meters off the tarmac road.
The chairman said the land is ready for immediate development and settlement since all amenities such as water and electricity are on already on site.
While the land has a breath taking view of Mt. Kenya, Maina said the introductory price of 1/8 plots is 950,000 with potential investors paying Ksh 600,000 upfront while the balance is paid in 6 months installments.
A quarter plot has an introductory cost of Ksh 1.8 million, Ksh 900,000 of which is paid upfront while the balance is paid in 6-months installments.
In the Nakuru’s Tumaini Heights project, Maina said a quarter plot is fetching an introductory price of Sh 495,000.
The land is located 22 kilometers from the Nakuru town central business district and only six kilometers from the tarmac. “It’s next to Boito primary school and Tumaini Flower Farm,” he noted.
During the Nairobi international trade fair, Urithi scooped the best Coop Movement and or Sacco stand and the best stand in property and real estate.