Uasin Gishu Youth Turn to Affordable Housing Programme to Secure Future Assets
Young people in Uasin Gishu County are embracing the Government’s Affordable Housing Programme to secure homes and build assets early in life.
In Brief
- •Young people in Uasin Gishu County are embracing the Government’s Affordable Housing Programme to secure homes and build assets early in life.
- •23-year-old Shammah Kipkemboi has registered for a studio unit under the social housing category at the Pioneer Housing Project in Kapseret Sub-County.
- •Kipkemboi has paid a deposit of Sh32,000 and will pay monthly installments of Sh3,800 towards the studio unit, which costs Sh640,000.
- •27-year-old Stella Bittok has acquired a one-bedroom unit valued at Sh960,000 under the social housing category after paying a Sh48,000 deposit.
- •Bittok has committed to paying monthly instalments of Sh5,200 from her stipend and intends to live in the house once she moves in.
Why It Matters
The Affordable Housing Programme in Uasin Gishu County offers young people an opportunity to secure their housing future without the financial strain associated with conventional home ownership. This initiative not only provides young individuals with a place to live but also creates employment opportunities and equips them with skills that can help them generate income. By embracing this programme, young people can build assets early in life and reduce the financial burden of housing, which is crucial for their long-term stability and economic growth.
Key Details
- Shammah Kipkemboi's Deposit
- Sh32,000
- Shammah Kipkemboi's Monthly Installment
- Sh3,800
- Shammah Kipkemboi's Unit Cost
- Sh640,000
- Stella Bittok's Deposit
- Sh48,000
- Stella Bittok's Monthly Installment
- Sh5,200
- Stella Bittok's Unit Cost
- Sh960,000
Context & Background
The Affordable Housing Programme is part of the Kenyan government's efforts to provide affordable housing solutions to young people and low-income earners across the country. The programme aims to address the housing shortage and financial strain associated with conventional home ownership by offering installment-based payment models and creating employment opportunities.
Original Reporting & Sources
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