Affordable Housing Levy Stories
The National Assembly’s Public Accounts Committee has linked the drastic reduction in net income to additional deductions introduced under President W...
The Parliamentary Budget Office reveals that while the government aimed to deliver 200,000 housing units annually, it has achieved only 1.2 per cent o...
Senators questioned why Kenyans were being taxed for houses they were not assured of owning.
PS Hinga attributed the meagre 25 per cent absorption rate to delays in the disbursement of funds by the Affordable Housing Board.
In March 2023, Housing and Urban Development Principal Secretary Charles Hinga had indicated that the housing levy is a form of saving, not a tax.
CS Wahome cited a variety of factors including court cases and a lack of streamlined processes as the reasons for the delay.
The KNBS report shows that 46.4 per cent of Kenyans have no information about the initiative, with only 53.5 per cent being aware of it.
A recent report by the Architectural Association of Kenya suggests that only 1,189 houses have been finished by the current administration.
As of now, 500,000 Kenyans have expressed their desire to occupy the first phase of the affordable housing units.
The CS also emphasised the importance of ensuring that Kenyans have more disposable income after taxes.
The change, included in amendments to tax laws, would replace the current system, which gives a tax relief of 15 per cent on these contributions.
A three-judge bench determined that public participation in the process was sufficient.
The Act that established the Affordable Housing Project was signed into law by President William Ruto in March of this year.
Official data shows revenue collection was 95.5 per cent of the revised annual target of Sh2.49 trillion, leaving a gap of Sh83 billion.
Some of the petitioners argued that the high court lacks jurisdiction to hear the petitions
KRA reiterated that individuals, who pay the affordable housing levy, shall be entitled to affordable housing relief.
Ruto is expected to sign the Affordable Housing Bill (National Assembly Bills No. 75 of 2023) anytime.
The estate has a total of 365 housing units mainly occupied by civil servants and a few others who are not government employees.
LSK President Eric Theuri says there is no legal basis for the deduction, which he said constitutes contempt of court and the arbitrary imposition of...
This paves the way for President William Ruto's government to collect levies for the implementation of the housing project.
