Affordable housing project: Uhuru speech during launch of Kenya Mortgage Refinance Company
The Affordable Housing Programme is steadily moving towards full-realization and will benefit millions of Kenyans. In the coming weeks and months, I will be commissioning various Projects under this seminal programme; One such project is being implemented by the United Nations Office of Project Services (UNOPS) and is expected to deliver.
The Kenya mortgage refinance company (KMRC), a Treasury-backed lender, is expected to cut the cost of home loans to single digit from the current market rate of about 13.5 percent. president uhuru kenyatta Wednesday presided over the launch of KMRC, which is expected to help drive the State’s agenda of providing up to 500,000 cheap housing.
– Uhuru said the new venture is aimed at addressing the deficit in housing created by the huge rise in the country’s population. President Uhuru Kenyatta on Wednesday, May 22, launched the Kenya Mortgage Refinance Company (KMRC), a financial institution whose sole function will be to provide long-term loans to primary mortgage lenders.
Food security, affordable housing, manufacturing and universal healthcare are the four development linchpins that Mr Kenyatta’s administration pledged to focus on during his second and final term in office.. the Kenya Mortgage Refinance Company owned by the State, commercial banks, and.
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You expressed very clearly during the election. to make available affordable mortgage finance for those wishing to own a home. The Kenya Mortgage Refinance Company will help to extend the tenure of.
What You Need to Know About Refinancing Your Mortgage Assume that the lender will pull your credit reports and credit scores again right before funding your refinance to make sure nothing has changed. While refinancing your mortgage will not be simple, dropping your interest rate will be worth the effort once you consider how much interest you will not pay in the future.
"We expect the refinance company to significantly contribute to the development of the housing finance market in Kenya and help reverse the low mortgage penetration, by increasing the number of mortgages from the current 26,000 to over 60,000 by the year 2022," the President said.
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 new company was launched in partnership with both the government and the private sector with the aim of boosting the delivery of the affordable houses.
To bring this closer to reality, slightly more than a week ago, we inaugurated the Region’s first ever mortgage Refinance Company – the Kenya Mortgage Refinance Company.