Ekaterina Handa Calls for Accountability and Reform of Housing Levy, Says Fund Must Revolve Before More Taxes or Loans
Incoming Women JSC Representative Ekaterina M. Handa has called for urgent reforms in the management of Kenya’s Affordable Housing Fund, warning that the current Housing Levy model risks placing an increasing financial burden on Kenyans without delivering homes at the scale promised. Handa said the Government’s recent admission that the mandatory 1.5 per cent Housing Levy is insufficient to finance the targeted 200,000 housing units annually raises important questions about the sustainability, accountability and legal administration of the programme. Housing Principal Secretary Charles Hinga recently disclosed that the State collects approximately Sh6 billion monthly from the levy, amounting to about Sh72 billion annually, but acknowledged that the collections alone cannot sustain the Government’s annual housing target. According to Handa, the figures expose a significant gap between the amount collected from workers and the cost of delivering affordable housing. She n...