Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Love him, hate him, the guy is a fighter. Copy and Paste: Quote:To build a community with comprehensive lifestyle amenities – where you are providing, not just shelter, but also open green spaces, elevated children’s playground, a commercial center, a gym, heated swimming pool, day care, etc, you need capital for large scale developments.
This capital is not available in regulated markets; hence we have turned to private markets. That is what we have done at The Alma, a Kshs. 5 billion comprehensive lifestyle development bringing 500 apartments to the market.
The Alma has primarily been financed by private markets, which CMA is attacking.
CMA has already made it hostile for developers to raise funds in the regulated markets.
There isn’t a single residential development I know that has been developed with CMA-regulated funds.
Having failed the President’s housing agenda in the regulated markets, they should not try to introduce their regulatory rigidity into the private markets.
Developments such as The Alma are solving the housing problems we face in Nairobi.
Since moving in in 2019, the residents have never known a dry tap.
We are building a sewer treatment plant, treating waste, and then building a 400m storm water drainage to dispose clean treated water.
You’d think a regulator would at best support or at worst keep off rather than kill a tax base, killing jobs and take us back to unplanned neighborhoods.
The current CEO, Mr. Shamiah, does not seem to understand housing, he ought to pave way for people who can develop policies that are in line with national priorities. Source: https://edwinhdande.com/...nts-housing-initiative/
As the Lawyers are want to say in Television Court Room Dramas, Your Witness ...
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