HF in low-cost housing plan with counties

May 24, 2013
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Housing Finance Managing Director Frank Ireri said the company has rolled out an ambitious plan to develop substantial number of affordable housing units in counties/FILE
Housing Finance Managing Director Frank Ireri said the company has rolled out an ambitious plan to develop substantial number of affordable housing units in counties/FILE
NAIROBI, Kenya, May 24 – Housing Finance wants to partner with county governments to deliver houses that will target middle to lower income earners.

Housing Finance Managing Director Frank Ireri said the company has rolled out an ambitious plan to develop substantial number of affordable housing units in counties.

Ireri revealed this during the opening of a new branch in Meru where he said the institution was strategically placed to tap growth in the county and beyond.

“Our ultimate goal is to become a major contributor to increased property stock targeting the lower and middle income segments of the market,” he said.

He said the strategic position of Meru County will enable it harness its potential in agriculture, tourism, trade and property development.

Meru Governor Peter Munya said the county is set to benefit from the recently launched Lamu Port and Lamu Southern Sudan-Ethiopia Transport Corridor.

“The cash and subsistence crops grown in Meru will have a larger market and will be easier to transport to the coast, northern Kenya, Sudan and Ethiopia,” Munya noted.

He added that the planned infrastructure projects will also open up the region’s produce to a larger market.

“The planned airport in Isiolo will make shipping of miraa, flowers and horticultural products quicker and more profitable. There are additional opportunities in value addition through food processing and packaging, warehousing and logistics.”

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