Affordable Housing Conference: Govt Lauds KMRC for Issuing Over KSh 21b Mortgage Loans to Kenyans
The 4th Kenya Affordable Housing Conference (KAHC) kicked off in Kisumu County, bringing together key stakeholders in the sector
CHECK OUT: How to Start Earning with Copywriting in Just 7 Days – Even if You’re a Complete Beginner
Lands and Housing Cabinet Secretary (CS) Alice Wahome lauded Kenya Mortgage Refinancing Company (KMRC) for its efforts in spearheading the housing agenda
CS Wahome revealed that KMRC has so far disbursed more than KSh 21 billion in mortgage loans to Kenyans
Kisumu, Kenya — The Kenya Mortgage Refinance Company (KMRC) is a game-changer in the affordable housing agenda.
Source: UGC
This is according to the Lands and Housing CS Alice Wahome, who lauded the firm for helping bridge the housing finance gap.
Search option is now available at TUKO! Feel free to search the content on topics/people you enjoy reading about in the top right corner ;)
How KMRC supports Affordable housing
Speaking at the opening of the 4th Kenya Affordable Housing Conference (KAHC) in Kisumu, CS Wahome revealed that KMRC has so far disbursed more than KSh 21 billion in mortgage loans for low- and middle-income earners across the country.
“KMRC is instrumental in closing the affordability gap. To date, it has disbursed more than KSh 21.4 billion in long-term, fixed-rate loans to primary mortgage lenders, translating into over 4,500 affordable home loans across 39 counties,” said Wahome in a press statement seen by TUKO.co.ke.
KMRC, a non-deposit-taking institution licensed by the Central Bank of Kenya, significantly boosts the government’s Bottom-Up Economic Transformation Agenda (BETA) by refinancing home loans at affordable rates.
What to know about Affordable Housing Conference
The company hosted this year’s conference under the theme “Revolutionising Housing Finance: Innovation Meets Sustainability.”
The meeting brought together housing policymakers, developers, financiers, and leaders from across East Africa and beyond.
They included delegations from Tanzania, Uganda, Malaysia, India, and Pakistan, as well as international housing finance institutions like Cagamas, NHB, and the World Bank.
KMRC CEO Johnstone Oltetia urged delegates to use the forum to push beyond dialogue and toward practical, scalable solutions that combine innovation, sustainability, and inclusive financing.
“We must go beyond theory. This conference is a springboard for action to build homes, uplift families, and empower communities. Affordable housing cannot succeed without addressing financing, legal, and demographic bottlenecks,” said Oltetia.
Kisumu Governor Anyang’ Nyong’o said his county was leading by example in implementing the affordable housing programme.
In the county, affordable housing projects are cited at the Makasembo Estate (1,870 units), Anderson Ofafa (1,200+ units), Lumumba Estate (2,384 units), and the expansive Kanyakwar Project with 2,600 units.
Source: UGC
What's the agenda of the conference?
The conference agenda includes interactive sessions on innovative housing finance products, risk-sharing facilities, and the evolving role of county governments in co-financing housing and infrastructure.
A standout feature of this year’s edition will be guided field tours to Kisumu’s ongoing housing projects in Makasembo, Anderson-Ofafa, and Lumumba Estate.
These visits are designed to showcase real-life impact, offering attendees an up-close look at how national policies are being translated into affordable homes.
Kenya Mortgage Refinance Company plays a catalytic role in unlocking housing finance for underserved populations.
Source: TUKO.co.ke
