This project involved the construction of 52 houses that were built incrementally for members of the Faith Foundation Housing Cooperative Society. The cooperative formed in 2005 for victims of post-election violence who had been displaced from the Rift Valley region of Kenya. Members had been saving to permanently resettle, and after partnering with NACHU in 2010 the group registered as a housing cooperative and bought two acres of land in the peri-urban town Ruiru.
On the project site, core units of 1 bedroom bungalows were initially constructed that allowed for future horizontal construction. Electricity and individual toilets were included, and water was supplied from a community borehole that could be run by the cooperative as a business enterprise. The project also used eco-housing concepts such as kitchen gardens.
As part of the project, NACHU was able to seek VAT refunds under the Housing Sector Incentives of the VAT Act. A government initiative, this aimed to subsidise investment in affordable housing and incentivise its development within Kenya. All clients benefitting from the project were advanced with micro-mortgage loans by NACHU, to be paid back over 10 years.
Clients estimated to sit between 11th and 20th percentiles of incomes in Nairobi
|Description||Type||Number Expected||Number Completed||Unit Size (m2)||Sales Price |
|Monthly Cost |
|Loan Length (months)|
|3 rooms & wetcore, 32m2, 137m2 plot||Basic||52||52||32||681847||9970||120|
|Finance Description||Finance Source||Deposit||Interest Rate (%)|
|3 rooms & wetcore, 32m2, 137m2 plot||NACHU||68,185||12.5|
Based on exchange rate on 31/12/2020
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Data last updated on 10/03/2021