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Thursday, May 25, 2023 – As the debate on the proposed housing levy continues raging, Housing Principal Secretary Charles Hinga has delivered bad news regarding President William Ruto’s scheme.

This is after he confirmed that Kenyans who falter on payment of the proposed affordable housing units along the 20 to 30-year repayment journey will be thrown out of the houses just like that.

While explaining the housing scheme to journalists at State House yesterday, Hinga also revealed that one will need to pay at least 10 percent of the value of the house before setting foot inside, contrary to the perception of many Kenyans that once you start paying 3% of your monthly salary, you get a house right away.

The PS also revealed more hidden charges that homeowners who qualify to participate in the programme, will be forced to pay that they may not be aware of.

“The criteria for allocation is ‘first past the gate’, you must have raised a 10 percent deposit for that unit and you must register at ‘Boma Yangu’,” PS Hinga said.

“You will pay a service charge because that is your house. The conversation is owners versus renting, you need to take care of that house,” he added.

Hinga also informed people who will opt to exit the Fund after the set seven years would only receive their contributions, while employers’ contributions on the employees’ accounts at the Fund will be held for a further seven years contrary to earlier reports that when you opt-out, you will receive all your money plus those contributed by your employer.

The Kenyan DAILY POST

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1 COMMENT

  1. Imbeciles fat pig!

    This is not a pension scheme.

    Go get debts to fund your primitive brains of providing high rise building then sell it to your hustles.

    Don’t expect employers and employees to fund your useless party dreams.

    Just know upfront come 2027, Nobody will vote for the table banking regime of the day as was the case for the mungiki vampire fraudster abyss/Hades regime: in passing the table banking financial 2023 bill.

    Don’t cry After August 2023 after loosing the election to a newer president that will not be either the azimio la mashetani thugs and neither the current table banking president of kenya kwanza of the day.

    The citizens of the republic of kenya are watching keenly and each of the useless mpigs that will vote for this table banking 2023 financial theft bill will all be voted out starting from the mr president to his zombies mpigs vampires. Watch and see as it is served nice and lovely.

    These baboon should use their looted moneys to fund their dream National Housing pyramid scheme at 0% interest in providing those concrete masonry prisons.

    Usheni is measured by how much one market this open slavery thieving to 7 and 14 years period. This should never be allowed.

    They should go borrow debts at 0% from any Islamic state to actualize their mirage table banking housing dream and keep off the salaries of citizens of the republic of Kenya.

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