President Uhuru launches mortgage company for cheap homes

NAIROBI, April 15 (Xinhua) — The Kenyan government plans to launch a low cost housing project that will see 30,000 houses constructed in east of Nairobi as part of President Uhuru. to set-up of.

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President Uhuru Kenyatta (center) during the launch of the company at Windsor Golf Club on May 22, 2019. Twitter President Uhuru Kenyatta, on Wednesday, launched a new firm, Kenya Mortgage Refinance Company, that will be tasked with overseeing his government’s Ksh2 Trillion Affordable Housing project.

The company will be expected to provide fixed rate long-term funding to primary mortgage lenders, which will be passed to home buyers. "Fixed rate mortgages would protect homeowners from the risk of interest rate volatility, hence allowing them to be in control of their monthly commitments and afford their homes," Uhuru said.

BY NAMULONGO PETER,NAIROBI,22ND MAY 2019-Just days after 4 Chinese contractors assaulted a Kenya National Highways Authority (KeNHA) officer ,the Authority is now seeking to have their work permits revoked .The Authority through a statement to newsrooms said it had noted with concern reports from a section of the media regarding the incident that took place last week.

President Uhuru Kenyatta witnesses shareholders of the Kenya Mortgage Refinance Company (KMRC) commit to the initiative which is aimed at availing cheap mortgage facilities to Kenyans/PSCU Kenya has unveiled a mortgage refining facility-Kenya Mortgage Refinance Company (KMRC), a short in the arm in President Uhuru Kenyatta’s affordable.

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President Uhuru Launches Mortgage Company for Low-Cost Houses REAL ESTATE NEWS | May 22 2019 May 22 2019 | 388 views | 1 comment

CBK is yet to offer Kenya Mortgage Refinancing Company (KMRC) a licence. Economy.. cbk licence hitch hits sh35bn cheap State-backed mortgage. more than two months after President Uhuru.

Arrange a credit line (e.g. with WB or AfDB) for providers of long term mortgages Set up the Kenya Mortgage Refinancing Company (KMRC) to manage low cost liquidity for mortgages Work with banks to expand offering to informal sector through new background checks

President Uhuru Kenyatta has said the Government is working on innovative ways of delivering affordable houses to Kenyans. The President said the government has embraced new building technologies.