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Affordable Housing by Government of Kenya
Angelica _ann
#131 Posted : Monday, May 27, 2019 3:26:33 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,936
Thitifini wrote:
Sir invest wrote:
KMRC SHAREHOLDERS

National Treasury
World Bank/IFC
AFDB
KCB
DTB
COOP
HF Group
Credit Bank
NIC
Stanbic

SACCOS

Imarika sacco
Mwalimu National
Kenya Police
Tower Sacco
Safricom Sacco
Harambee Sacco
Stima Sacco
Ukulima Sacco
Bingwa Sacco
Unaitas Sacco

Micro finance

KWFT
Shelter Afri


Ekeza & Banda should have been in tge list


KUSCCO?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
wukan
#132 Posted : Monday, May 27, 2019 3:31:09 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,656
Much Know wrote:
Housing levy barred again by the courts. What David Ndii was saying (WARNING US) about this programming is coming to pass. What am wondering is why the government does not want to go to the open housing market, builders, financiers etc, when you go to boma yangu, it is virtually impossible to participate. They require 'a history" of managing major housing projects, they require you go for the tax clearance certificates which the KRA guys were demanding bribes for, e.t.c. The small man has been relegated to supplying jua kali doors and windows only.

What is the problem with a developer, innovator house designer, and an institution agreeing on the houses, the mortgaging company assessing the value of the house, or even kebs approving the model and construction and then an individual forwarding a form to his HR department to deduct the 1.5% from his salary after CHOOSING FOR HIMSELF on the OPEN MARKET. Shame on you

Why are some people driving out competition and making participation so difficult for kawaida Kenyan players?


Housing levy will still come to pass the courts are only postponing the inevitable. Either way the balance sheet must balance. It's either levy or indirect taxes. In the UK people own what are former council houses so get with the program.

Kawaida kenyan players can't raise average 5-9 billion required to develop the project sites.
Obi 1 Kanobi
#133 Posted : Monday, May 27, 2019 3:41:10 PM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
This tax (1.5% deduction) must go.

Housing is a basic need, with proper planning, everyone should get atleast a decent shelter which meets the basic needs that include access to utilities and in a secure and hygienic setting.

Many Kenyans especially in urban areas currently can't afford this, so my question is why can't the govt spend a specific amount to construct this houses instead of burdening us with additional tax nonsense like this housing fund.

They should allocate funds to construct this houses from within the budget and suspend other expenditures such as sitting allowances travel allowances etc until they raise additional capital. Let them sit in their offices, work from their desks like me, communicate through emails and be productive.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
Much Know
#134 Posted : Monday, May 27, 2019 4:56:11 PM
Rank: Elder

Joined: 12/6/2008
Posts: 3,581
wukan wrote:
Much Know wrote:
Housing levy barred again by the courts. What David Ndii was saying (WARNING US) about this programming is coming to pass. What am wondering is why the government does not want to go to the open housing market, builders, financiers etc, when you go to boma yangu, it is virtually impossible to participate. They require 'a history" of managing major housing projects, they require you go for the tax clearance certificates which the KRA guys were demanding bribes for, e.t.c. The small man has been relegated to supplying jua kali doors and windows only.

What is the problem with a developer, innovator house designer, and an institution agreeing on the houses, the mortgaging company assessing the value of the house, or even kebs approving the model and construction and then an individual forwarding a form to his HR department to deduct the 1.5% from his salary after CHOOSING FOR HIMSELF on the OPEN MARKET. Shame on you

Why are some people driving out competition and making participation so difficult for kawaida Kenyan players?


Housing levy will still come to pass the courts are only postponing the inevitable. Either way the balance sheet must balance. It's either levy or indirect taxes. In the UK people own what are former council houses so get with the program.

Kawaida kenyan players can't raise average 5-9 billion required to develop the project sites.

We now know, they are being reserved for the usual tenderprenuer "billionaires" who usually qualify, the usual peoples relatives, girlfriends, e.t.c, KES 500 billion has already been set aside in the budget!
Ras Kienyeji Man
2012
#135 Posted : Monday, May 27, 2019 4:59:53 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
I would support this 100%, all they have to do is show me the location, the house plans, my unit and floor, timelines and the agreement. Then I sign and start contributing. Simple.

BBI will solve it
:)
githundi
#136 Posted : Monday, May 27, 2019 9:23:57 PM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
Delete
Democracy does not belong to the dead
githundi
#137 Posted : Monday, May 27, 2019 9:25:11 PM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
We, the so called 'middle class' is not getting it. This a tax on formally employed people to support social housing for the poor and business for the rich.
The scrap from this will only be our contribution which shall be decimated by inflation by then. The employer portion is not refundable and contributions do not earn any interest.
Democracy does not belong to the dead
githundi
#138 Posted : Monday, May 27, 2019 9:36:38 PM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
How I pray that the government reverts to its role as an enabler without putting its ugly foot on carrying out projects. There is no doubt that key policy enablers on taxation and ownership of land in the country will go along way in supporting affordable home ownership.
Just imagine polices such as non_taxation of building materials, taxation of undeveloped speculative land, tax breaks on investing entities and removal of bureaucracy and charges in necessary approvals: would most likely half the cost of housing
Democracy does not belong to the dead
githundi
#139 Posted : Monday, May 27, 2019 9:45:33 PM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
Taxes.. Taxes.and more taxes especially on the formal sector is dragging the country back. It increases wages and cost of products way ahead of comparable economies and makes the country unfavorable for foreign domestic investments. When you add other issues of government regulation of the economy such as capping it becomes extremely difficult for the country to create sustainable jobs. No wonder the current regime both at national and county government falsely think that governments are supposed to create projects and employ. This is unsustainable.
Democracy does not belong to the dead
githundi
#140 Posted : Monday, May 27, 2019 9:50:58 PM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
How I would love to see a lean government only involved in facilitative role for business.
History has shown that the most efficient and effective facilitator of progress is the private sector.
Government has a lot of wastage corruption etc to optimize utilization of resources.
Dare I say that government has no role in doing business
Democracy does not belong to the dead
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