With the new affordable housing programme of the Kenyan government, home ownership turns into a reality for Kenyans. The 500,000 Affordable Housing Programme brings to you an easy-to-use platform, called Boma Yangu that helps you start your journey to owning your own house. In this article, we take you through what Boma Yangu Affordable Housing Programme is all about and how you can apply for it.
What is Boma Yangu Affordable Housing Programme (AHP)?
The initiative for affordable housing by the government is a part of the ‘Big 4 Agenda’, wherein they want to ensure that low and middle-income households also have access to decent and affordable homes. These houses will be financed and built by private developers on both government and privately owned land.
AHP is a first-of-its-kind comprehensive program wherein the government is planning to use private sector funding to build homes for lower and middle-income Kenyan people. It aims to provide accessible financing options to potential buyers using the National Tenant Purchase Scheme (NTPS) where the beneficiaries can make affordable monthly payments to own a house.
How does it work?
For those interested in availing of the affordable housing scheme, you need to first register yourself.
To register on Boma Yangu, you must be a Kenyan citizen, be over 18 years of age, and have a valid national identity card. You can then fill in the details on your profile application form and pick the house you are applying for.
The house allocation thus begins by Boma Yangu, without any human intervention. The members pick their preferred location and then are provided with the type of home they qualify for based on their income, deposit payments, and other information provided.
The allocation processing is then announced on the Housing Portal and via other communication channels. The actual allocation begins when the projects go live.
Types of Houses
Different types of houses are covered under the AHP scheme, from one-bedroom to three-bedroom units.
Some unit typologies include:
- One Bedroom – 30 sqm @ Kshs 1,000,000
- Two Bedroom – 40 sqm @ Kshs 2,000,000
- Three Bedroom – 60 sqm @ Kshs 3,000,000
Read more here – https://bomayangu.go.ke/Faq
While Boma Yangu is here to fulfill your homeownership dreams, you can also look at other affordable housing options. One such development that catches the eye is Mi Vida Homes – a new residential developer created through a joint venture between Actis, a leading growth markets investor, and Shapoorji Pallonji Real Estate (SPRE), the real estate arm of one of India’s largest conglomerates. Placed right off the 7 Thika Super Highway exit, Mi Vida offers 1, 2, and 3 bedroom apartments at Garden City, Nairobi, Kenya.
