The Standard | Online Edition :: Sh4.8 billion boost for low cost housing
The Standard Online Edition :: Sh4.8 billion boost for low cost housing Published on 07/08/2008 By Lucianne Limo The Government has set aside Sh4.8 billion for the construction of affordable houses. Housing Minister Soita Shitanda said the Government had committed to funding the National Housing Corporation (NHC) to build houses. He also said Sh1.5 billion had been released to NHC this financial year to build affordable houses. Soita said there is an annual deficit of 120,000 housing units. He said 150,000 housing units were needed every year, but the Government could only construct 30,000 units. He was speaking at Lang’ata estate, Nairobi, during a groundbreaking ceremony for the construction of Lang’ata Phase III housing project at a cost of Sh350 million. The project consists of 110 three-bedroomed houses, expected to be complete by April 30 next year. NHC chairman Bosire Ogero said the provisional selling price for Phase III would range between Sh4.5 million and Sh5 million. Last