President William Ruto has recommended a three per cent reduction in all employees' disposable income to be allocated towards the Housing Fund.
Speaking at a church service at Friends Church (Quakers), Donholm, Nairobi, on Sunday, April 23. Ruto stated that the move would assist Kenyans, particularly those living in deplorable conditions, in acquiring decent housing.
"Every employee who saves 3 per cent of their income will be required by law to contribute a similar amount to the fund. We will begin with all government employees, which number over 700,000 people. Every government employee who contributes 3 per cent of their income to the Housing project will have his savings matched by the government," said Ruto.
Ruto's move comes barely a month after the Head of State launched a Sh20 billion housing project in Ziwani, Mombasa County.
He described the project as a game changer in the government's plan to provide decent housing to those living in informal settlements.
The project, a collaboration between the government and GulfCap Africa Limited, will include 6,704 one, two, and three-bedroom units. The units are priced starting at Sh1.155 million.
It will be undertaken in five phases over three years.
It will include children's playgrounds, a swimming pool, a gym, greenery, sports facilities, a community center, an Early Childhood Development centre, outdoor communal recreational facilities, food courts, and many others.
The developer is GulfCap Real Estate. The government in its agenda has committed to support the development of 200,000 housing units per annum.
The project is Ruto's fith affordable housing project this year after Homa Bay, Ruiru, Kibera and Shauri Moyo.
