Ruto’s Ambitious Housing Plan To Create 8 Million Jobs Annually

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/HP

In his first Finance Bill, President William Ruto has set out an ambitious Affordable Housing Plan that will see the government create over 8 million job opportunities and build 250,000 houses annually.

The Kenya Kwanza Administration Housing Plan also requires salaried Kenyans to contribute 1.5 percent of their earnings to the government for the construction of affordable Houses across the country.

”The reason why I am pushing for housing is to create employment. Through the construction of 250, 000 houses annually I aim at creating millions of jobs for our youths,” the President said at a church service in Lurambi, Kakamega county last week.

President Ruto has committed to turning the current housing challenge in Kenya into an economic opportunity meant to create quality jobs for over 100,000 young people graduating from TVETs every year directly, in the construction sector, and indirectly through the production of building products.

This, the government says will be achieved through among other measures facilitating the delivery of 250,000 houses per annum and enabling affordable housing mortgages.

A single housing unit, the Housing Plan says is capable of employing 3-5 workers directly, and an additional eight workers indirectly, in the manufacturing of construction products, transport, and logistics.

The Treasury has allocated Ksh 35.2 billion in the Finance Bill 2023 for the Housing Programme.

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