MPs Recommend Changes to Ruto Housing Bill, Scrapping 10% Deposit
Parliament in Session on November 9, 2023. IMAGE FILE / COURTESY
In Summary:1) The National Assembly Joint Committee on Housing and Finance suggests significant revisions to the Affordable Housing Bill, including the removal of the 10% deposit requirement.2) Proposed changes encompass reducing the time frame for deposit refunds, introducing fair house allocation methods, involving students in housing construction through internships, and integrating students into the housing allocation process.
Nairobi, Feb 15 (TopNews) - The National Assembly Joint Committee on Housing and Finance has proposed several amendments to the Affordable Housing Bill in response to concerns voiced by Kenyans. One key adjustment entails eliminating the mandatory 10% deposit requirement, which many feared w...