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{
    "id": 1000965,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1000965/?format=api",
    "text_counter": 198,
    "type": "speech",
    "speaker_name": "Amb. Ukur Yatani",
    "speaker_title": "The Cabinet Secretary, National Treasury and Planning",
    "speaker": null,
    "content": "Hon. Speaker, in response to the COVID-19 pandemic, the Kenya Mortgage Refinance Company (KMRC) will help to maintain adequate liquidity among primary housing mortgage providers in order to keep housing finance and the housing market functioning. This will avert potential credit crunch that would hurt lower income households and interrupt efforts to support affordable housing. The new Company is also expected to play a significant role in the structuring of the proposed National Credit Guarantee Scheme in order to create an effective backstop mortgage guarantee component to cover the losses incurred by lenders on future home loans."
}