SEPTEMBER 25, 2018 www.mygov.go.ke NEWSFOCUS | 19 MINISTRY OF TRANSPORT, INFRASTRUCTURE, HOUSING AND URBAN DEVELOPMENT State Department for Housing and Urban Development AFFORDABLE HOUSING REPUBLIC OF KENYA www.housingandurban.go.ke Impact of AHP on the economy These have faced various challenges including: • • • • the government exchequer • There will be a The underlying philosophy of the AHP under the Big 4 agenda is to stakeholders involved in delivering the same. This will include: to the economy of Ksh3 for every shilling invested private-sector led Government will provide state-owned land for free/low-cost The state will to reduce project delays Price capping: Housing units will be provided at agreed upon , including A house buyer’s guidance on the ownership process. to limit risk as much as possible, thereby ensuring costs are kept at a minimum and How AHP will be funded AHP’s success will be based on a unique funding model, which will aim to ease the burden on government. Key features will include: from employees and employers to the Rental revenue from the current available stock of housing provided by the State Department of Housing and Urban Development Returns from NHDF’s investments and capital Other equity investors. Main features of the National Housing Development Fund and contributions houses in bulk from developers for purposes of the AHP. These units NGOs + (i) Employers will contribute 1.5% of monthly basic salary from each employee and remit to the NHDF (ii) Employees will contribute 1.5% of monthly basic salary (iii) Ksh5,000 per month. (iv) (v) (vi) dependants or pension funds of choice. the fund management. Manufacturers @PSCharlesHinga and @HousingUrbanKE AHP Financiers For more updates on AHP visit www.housingandurban.go.ke, follow Development Signing MOU with Nyandarua County. Signing MOU with Vihiga County. Signing MOU with Kiambu County. JOB CREATION There will be at least 5 jobs created for each unit built WEALTH CREATION Enhancing local capacity to incorporate - ing materials and technology Partnering with local TVET TVET will be labour intensive ABTM GDP Investment over 4 years will contribute close to 6% of GDP 47 Houses to be built in ALL 47 Impact of AHP at County level Private sector players KEPSA, AAK, KPDA, SACCOs Government Parliament, • AHP’s success will greatly depend on the unstakeholder groups and categories. • These stakeholders will to a large extent deterand sustained over the next 3 – 4 years. • holders to ensure AHP is a success. -
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