President William Ruto has confirmed new changes to the housing levy aimed at expanding access to affordable housing for all Kenyans.
In a dispatch released on Tuesday, June 24, the Cabinet announced the reduction of the housing deposit requirement from 10 per cent to 5 per cent, as part of efforts to operationalise the Affordable Housing Programme, a key pillar of President Ruto's Bottom-Up Economic Transformation Agenda (BETA).
According to the statement, the reduced deposit is intended to boost Kenyans' participation in the Affordable Housing Programme and improve their chances of home ownership. "This reform is about equity and opportunity," the Cabinet dispatch stated. "By easing the financial burden on ordinary Kenyans, we are enabling more families to move from renting to owning dignified, decent housing." A section of the Cabinet during a meeting at State House Nairobi on March 11, 2025.
PCS Beyond the lowered deposit, new regulations under the Affordable Housing Regulations, 2024, have also established a legal framework for a more inclusive and transparent allocation process across all income groups.
