The Affordable Housing Programme (AHP) is a Kenyan government initiative under the ‘Big 4 Agenda’ that allows access to decent and affordable housing units for the middle to low-income earners.
The programme is financed via:
1.Statutory contributions from employees and employers as well as through voluntary contributions. For the premier, their contributions shall be capped at KES 2,500 while the latter will not be capped.
Despite the flexibility of contributing either individually or jointly, it is restricted to a single house at a time. However, joint contributions increase the chances of acquiring a house within the shortest time.
Contributing members also have the option of monitoring their contributions through the portal although access to the funds is restricted to after 15 years of contribution or at retirement.
Likewise, a member is not allowed the sale of the house to the open market before the lapse of 8 years though they are granted the option of selling it back to the housing fund within that period.
2.Grants from development partners and investment from equity investors.
Eligibility & registration
Application for the fund is free and requires no prior fees.
To be eligible for the fund, applicants must be Kenyan citizens of at least 18 years with valid national ID card.
To register to the fund, one can do so either through online or mobile device, and make contributions after selecting their housing preference from the available or upcoming housing stock. Click Here to start the registration process. There is no fee for applying.
The houses offered are dependent on the locations and needs of the applicants. They range from 1- room to 3- bedroom units.
In addition, the pricing per unit may vary from one geographical location to another although the unit cost will be significantly lower than the prevailing market value in that region.
Location Of Boma Yangu Houses
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The amount payable for the house will depend on the type of house selected and allocated. The monthly payments will be determined after taking into account the amount of deposit paid and the desired payment period. The typical payment period will be at least 25 years.
Who are the beneficiaries? And what type and size of houses will be available under the AHP by 2022?
The Affordable Housing Programme (AHP) will address the housing needs of the low and middle – income households who fall under the following economic income brackets;
- Social housing for the low-income earners between Ksh 0 – Ksh 19,999
- Low-cost housing will benefit those earning Ksh 20,000 -Ksh 49,999
- Access to Mortgage will benefit those earning Ksh 50,000- Ksh 149,999
- Middle to High-Income earners who earn Kshs. 150,000 +
Depending on the amount an individual accrues through monthly payments, through www.bomayangu.go.ke, the houses that will be available for purchase are;
- One Room to One Bedroom (30 square meters) will cost Ksh 600,000 to Ksh 1,000,000
- Two Bedroom (40 square meters ) to cost Ksh 2,000,000
- Three Bedroom (60 square meters) to cost Ksh 3,000,000
Home allocation procedures
Upon registration, members shall be asked to indicate their preferred locale and will then be provided with information on the type of home they qualify for based on their income, required deposit payments and be provided with information on the projected monthly TPS payments.
The above information will then be used to give priority in the allocation of the houses in addition to other factors which include: household status (priority to families),current assets owned, vulnerable groups, first come – first serve basis and also being a civil servant grants one the priority to 30% of the units while being a disciplined force member offers a right to 20% of the available units.
However, due to a large number of applicants and limited houses, those who may miss out on the allocations shall be put on a waiting list and the applicant will have a higher likelihood of allocation on subsequent developments
Once fully paid, you have freedom of any other homeowner. A proof will be either sectional title or long-term lease depending on whether you are on the National Tenant Purchase Scheme (TPS).
In the end, you own the house even if it has been built on Government land, as long as you have completed the payment.
If you need any guidance or help in registering, please don’t hesitate to contact Boma Yangu Support through the avenues below.
Boma Yangu Housing Programme Contacts
Office location: 6th Floor ARDHI House, State Department of Housing & Urban Development, along 1st Ngong Avenue.