Refinance News

President Uhuru launches mortgage company for cheap homes

Arrange a credit line (e.g. with WB or AfDB) for providers of long term mortgages Set up the Kenya Mortgage Refinancing Company (KMRC) to manage low cost liquidity for mortgages Work with banks to expand offering to informal sector through new background checks

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Uhuru Launches Mortgage Refinance Company For Cheap Homes – Biashara Leo Digital Purchase and refinance mortgage loans up to $2.5 mil: Up to 80% loan to value. Purchase or Refinance available . 30 year and 15 year fixed rate available. 5 year fixed and 10 year fixed (variable rates) available.

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Unfortunately, insufficient funds, and inability to qualify for long term loans and mortgages, have rendered most of the members incapable of developing the plots. It is against this background that KUSCCO Housing Fund was conceptualised in 1996 to serve SACCOs and SACCO members.

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President Uhuru Kenyatta will by. the President said his administration had made some strides in the construction of 500,000 cheap homes by 2022. "I hope to launch the first of the many.

President Uhuru Kenyatta has said provision of affordable housing is one of his four key priority areas in his second term and aims at providing 500,000 affordable houses in five years.

In his final term in office President Uhuru Kenyatta came up with the Big Agenda focusing on affordable housing, Universal healthcare, Manufacturing and Food Nutrition & Security. On affordable housing, the government has proposed a reduction of corporate tax to 15 per cent for developers who put a minimum of 100 housing units per annum [.]

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President Uhuru Kenyatta said new venture will address deficit in housing created by huge rise in Kenya’s population as well as boost affordable housing and job creation agenda. photo: state house.

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