President Uhuru Kenyatta has welcomed the restructuring of the UN-Habitat and called on the established organs to re-engineer its processes to enable it deliver on its core mandate as the lead agency in urbanization and human settlements.
President Uhuru Kenyatta launched the Kenya Mortgage Refinance Company (KMRC) as part of efforts to achieve affordable housing, one of his Big Four Agenda. Borrowers with a monthly income of not more than Sh150,000 per month are eligible for the loans that will be capped at Sh4 million in Nairobi, Kiambu, Machakos and Kajiado and Sh3 million.
"We expect the refinance company to significantly contribute to the development of the housing finance market in Kenya and help reverse the low mortgage penetration, by increasing the number of mortgages from the current 26,000 to over 60,000 by the year 2022," the President said.
President Uhuru Kenyatta (center) during the launch of the company at Windsor Golf Club on May 22, 2019. Twitter President Uhuru Kenyatta, on Wednesday, launched a new firm, Kenya Mortgage Refinance Company, that will be tasked with overseeing his government’s Ksh2 Trillion Affordable Housing project.
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The 2019/20 budget prioritised the ‘Big Four’ – the economic agenda of President Uhuru Kenyatta’s administration – manufacturing, housing. to make mortgages affordable for other citizens through.
Lowering cost of land mutation and mortgage. refinance windows etc.). There is a need for more measures to incentivise demand rather than supply in semi-urban / urban housing. Surplus inventory in.
President Uhuru Kenyatta on Saturday ordered the Trade ministry to immediately operationalise the proposed Sacco Societies Fraud Investigation Unit (SSFIU) within the Sacco Societies Regulatory.
President Uhuru Kenyatta will next month launch flagship projects across the country aimed at achieving his Big Four development agenda. Uhuru to launch 7 housing projects : The Standard Digger.
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In a bid to boost mortgage financing in the country for housing delivery and home ownership schemes, President Goodluck Jonathan has launched the nigeria mortgage refinance company plc (NRMC).
A news story shared on the NTV Kenya Facebook page claiming that President Uhuru Kenyatta launched the Kenya Mortgage Refinance Company (KMRC) geared towards making the affordable housing programme of the Big Four Agenda a reality is TRUE.. The May 22 report, which has been flagged as potentially false, further adds that the World Bank and the African Development Bank have approved Sh25.