Kenya: 228 Home Owners to Occupy New Government Units in September
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real estate news | feb 19 2019 Feb 19 2019 | 2022 views | 9 comments Kenyans in the diaspora and wealthy local executives have purchased 86 units off-plan in an.
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Owner-occupancy or home-ownership is a form of housing tenure where a person, called the owner-occupier, owner-occupant, or home owner, owns the home in which they live. This home can be house, apartment, condominium, or a housing cooperative. In addition to providing housing, owner-occupancy also functions as a real estate investment.
President Uhuru later visited Parkroad Estate in Ngara where the government is building 1,370 houses with the first 228 units expected to be ready by September.
World News Story: Long-Term Mortgage Rates Fall as 30-Year Average Hits 3.82% KMRC A Positive Step Towards Addressing the housing finance shortage What can policymakers-and those trying to influence policy-learn from California’s passage and implementation of the local control funding Formula, a sweeping, equity-focused reform?Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year, fixed-rate mortgage dipped to 3.82% from 3.99% last week. By contrast, a year ago the benchmark rate stood at 4.54%. The average rate for 15-year, fixed-rate home loans declined this week to 3.28% from 3.46%.
More than 200 houses will be ready for their new owners to occupy in the next four months through the government’s affordable housing project, the spokesman Col (Rtd) Cyrus Oguna has said. The State targets to complete and allocate 228 units by September this year.
On housing, the Government’s plan to construct 500,000 affordable housing units by 2022 under a big four agenda. Currently, Park road Estate in Ngara is building 1370 houses with the first phase of 228 units expected to be ready by September this year.
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Kampala – In Kenya, poor building practices and corruption undermine construction, turning crowded buildings in poor neighborhoods into death traps. But across the Kenya-Uganda border, the city of Kampala has emerged as building zone where government officials and building developers mostly get it right – even if this bustling capitol also faces extreme pressure from population growth and a housing shortage.
Reached at home, Huffman said he was ill and did not want to get the. City officials have agreed to 1,460 units on the property, of which 10 percent would be “affordable” at 80 percent of area.