Mi Vida Homes CEO Weighs in on the Affordable Housing Conversation - Mi Vida

Mi Vida Homes CEO Weighs in on the Affordable Housing Conversation


Our CEO weighed in on the affordable housing conversation led by the Business Daily.

The article read:

Property developers are looking to the new government led by President William Ruto to cut red tape in approval processes and help unlock cheaper credit. They say this will kick-start the sector whose performance has performed under par in recent years.

Developers said support for the sector will also come through continued infrastructure development, which was a key pillar in the Jubilee administration.

Mi Vida Homes chief executive officer Samuel Kariuki said although tax incentives and rebates which were put in place in the last five years were a welcome relief, a lot remained to address bureaucracy around their access.

“The definition of the qualifying projects is also too narrow and not reflective of the practical minimum cost of delivering residential units, especially closer to the key commercial nodes on Nairobi,” said Mr Kariuki.

“We are also looking to the new national and county administrations to look into the costly statutory compliance processes for developers as they are inconsistent with the necessary partnerships between the government and the private sector to address the large deficient in affordable homes production”

MENU

Mi Vida Homes CEO Weighs in on the Affordable Housing Conversation


Our CEO weighed in on the affordable housing conversation led by the Business Daily.

The article read:

Property developers are looking to the new government led by President William Ruto to cut red tape in approval processes and help unlock cheaper credit. They say this will kick-start the sector whose performance has performed under par in recent years.

Developers said support for the sector will also come through continued infrastructure development, which was a key pillar in the Jubilee administration.

Mi Vida Homes chief executive officer Samuel Kariuki said although tax incentives and rebates which were put in place in the last five years were a welcome relief, a lot remained to address bureaucracy around their access.

“The definition of the qualifying projects is also too narrow and not reflective of the practical minimum cost of delivering residential units, especially closer to the key commercial nodes on Nairobi,” said Mr Kariuki.

“We are also looking to the new national and county administrations to look into the costly statutory compliance processes for developers as they are inconsistent with the necessary partnerships between the government and the private sector to address the large deficient in affordable homes production”