Wednesday, June 16We Break the News

Each Kenyan to Pay KSh 200 monthly to the Housing Fund

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NAIROBI, KENYA — Kenyans will have to part with 200 shillings per months to beef up the National Housing Development Fund, if new proposed regulations published by the State come into effect.

The regulations set to be tabled in parliament are contained in the National Housing Development Fund Regulations 2020.

salaried workers will however not be coerced into contributing 1.5 per cent of their gross salary as housing levy had earlier been proposed.

“Every member shall contribute a minimum of two hundred shillings per month to the National Housing Development Fund and the contributions shall be immediately credited to the member’s individual account as provided for under regulation 9,” the regulations read in part.

A few months ago, President Uhuru Kenyatta asked the National Treasury and the Ministry of Housing to make the necessary changes to the Housing Fund Levy then send them to Parliament for adoption.

The President seems still ambitious about the affordable housing plan her outlined in his Big 4 agenda that is now a pale shadow of itself.

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