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{
    "id": 1254189,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1254189/?format=api",
    "text_counter": 140,
    "type": "speech",
    "speaker_name": "Prof. Njuguna Ndung’u",
    "speaker_title": "The Cabinet Secretary, National Treasury and Economic Planning",
    "speaker": null,
    "content": "The cost of housing is a heavy burden to the majority of Kenyans and is the main factor driving the proliferation of slums in the country. The Government commitment is to turn the housing challenge into an economic opportunity to create quality jobs for over 100,000 young people graduating from Technical and Vocational Education and Training institutions (TVETs) every year directly into the construction sector and also indirectly through the production of building products. This, among others, will be achieved through facilitating the delivery of 250,000 houses per year and enabling affordable housing mortgages. To ensure success of this initiative, I propose to the National Assembly to effect a budget allocation of Ksh35.2 billion for the Housing Programme. This includes Ksh7.3 billion under the Kenya Urban Programme (KenUP), Ksh5 billion to Kenya Mortgage Refinance Company for enhancement of the company’s capital as well as for own lending to primary mortgage lenders, Ksh3.2 billion for construction of affordable housing units as well as Ksh3.3 billion for the construction of social housing units. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}