President Ruto signs Affordable Housing Bill into law » Capital News
NAIROBI, Kenya, Mar 19 – President William Ruto has assented to the Affordable Housing law paving the way for the reinstatement of housing levy deductions.
This means the 1.5 per cent tax from both the employer and the employee will take effect at the end of the month.
President Ruto over the weekend highlighted that the affordable housing project will not only provide employment opportunities for young people in the country but also ensure there is sufficient land available for agriculture and food production.
The legislation, which received approval from both the Senate and the National Assembly last week, includes amendments that involve the participation of county governments.
Under the new provisions, governors will establish county liaison committees tasked with overseeing the implementation of the affordable housing program.
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