With all the talk going around on the now legislated deductions towards government hosuing project, President William Ruto has just dropped a one of kind program that will rock the housing market. Introducing Boma Yangu, the digital platform that will revolutionize homeownership in Kenya. It’s like having your very own genie granting your wish for an affordable home. Cue the applause!
So, what’s all the fuss about? Well, Boma Yangu is the upgraded version of the government’s digital services portal, E-Citizen. This swanky new platform is where Kenyans can register, save, and finally own their dream homes. Yes, you heard that right! Say goodbye to the days of endlessly searching for affordable housing. Boma Yangu has got your back.
Picture this: studio apartments, one-bedroom havens, cozy two-bedroom nests, and spacious three-bedroom paradises. These dreamy dwellings are part of ongoing real estate projects carried out in collaboration with private developers. It’s a win-win situation for everyone involved.
At the grand unveiling held at the prestigious Kenyatta International Convention Centre (KICC), President Ruto, accompanied by top officials from the Ministry of Lands and Physical Planning, was all smiles. And why wouldn’t he be? Boma Yangu is a game-changer, boosting homeownership among middle to low-income earners and opening doors to employment opportunities. It’s like giving the housing market a warm, comforting hug.
President Ruto himself expressed his excitement, saying, “Boma Yangu is a key component of our bottom-up agenda, making it easy and convenient for Kenyans to own an affordable home. And guess what? Over 25,000 Kenyans are already saving on the platform, contributing a whopping Ksh 1.8 billion. That’s some serious saving power!”
But that’s not all, brace yourselves for some interesting news as well. The Affordable Housing Program is not just about homes; it’s about boosting the economy too. For every unit constructed, an estimated 3-5 jobs will be created. This means a surge in productivity across various sectors, like the vibrant Jua Kali industry, and a significant income boost for hardworking women and youth. Talk about a win-win situation!
Now, let’s dive into the numbers. Hold onto your calculators, because here comes the real shocker. Under the Kenya Kwanza administration, a staggering 38,500 housing units are in the pipeline. That’s right, folks, more homes for everyone! It’s like Santa Claus has come early this year, delivering the gift of affordable housing, but that would be the case if some crafty government official doesn’t divert the funds and if it’s all legit and not politics as usual.
But wait, how does it all work? It’s as easy as 1-2-3. With just a 10% down payment, you can secure your preferred housing unit. Then, the remaining balance can be paid off over a period of up to 30 years. That’s like having your cake and eating it too, all while sipping a cup of steaming chai.
Oh, and did we mention that Boma Yangu is accessible via the USSD platform too? Just dial *832#, and voila! You’re on your way to homeownership bliss. Of course, there are a few requirements, like being a Kenyan citizen above 18 years old and having a valid National Identity Card. But hey, those are small hurdles compared to the joy of owning your dream home.