Govt says tax incentives to attract private sector to affordable housing program » Capital News

NAIROBI, Kenya, May 27 – Head of Public Service Felix Koskei says the government is set to put in place policy reforms to accelerate private sector involvement in affordable housing program through tax incentives and exemptions.

The government targets to construct over one million housing units annually. Given that Kenya grapples with an annual housing deficit of over 200,000 units, the government is also banking on the support of the private sector to deliver the units.

Players in the private sector have been calling on the government to work with private institutions in the implementation of the Affordable Housing Programme.

They cited that their involvement will work to enhance building standards and streamline building approvals for the project’s integrity.

Additionally, they say the housing levy will enable private sector developers to invest in housing due to the availability of the ready market.

About The Author