By JAMES KARIUKI More by this AuthorMore than 300,000 people have expressed interest in the 228 low-cost houses put up in Nairobi’s Ngara estate. Housing and Urban Development Principal Secretary Charles Hinga said allocation will be done based on gender equity and diversity. The development will see 548 units reserved for civil servants while the rest will be sold at fixed prices to other people. AdvertisementThe units are in three different types – a one bedroomed unit worth Sh1 million, Sh2 million for a two-bedroomed unit and Sh3 million for a three-bedroomed unit. To generate ready demand, the government recently formed Kenya Mortgage Refinance Company that will enable banks to give out low-cost mortgages.

Source: Daily Nation June 18, 2020 10:58 UTC