Affordable Housing Financing will give ordinary citizens the opportunity to become homeowners.
President William Ruto said the project will have two components, social housing and affordable housing, to ensure all Kenyans benefit from the programme.
The President observed that low-income earners will pay an interest rate of as low as 3 per cent a year as compared to the market rate of 18 per cent annually.
“We have an opportunity in our lifetime to change and transform Kenya,” he said.
The Head of State made the remarks during the groundbreaking of the 2,000-unit-Mzizima Affordable Housing Phase I and 1,400-unit-Buxton Point Affordable Housing Phase 2 in Mvita, Mombasa County.
The President also handed over the Buxton Point Affordable Housing Phase I to its new owners.
Earlier, in Lunga Lunga, Kwale County, President Ruto inspected the Ksh 2 billion Shimoni Fish Port and issued Ksh 691 million cheque to support Beach Management Units in the five coastal counties.
He also commissioned an electricity mini-grid in Wasini and Mkwiro Island, Kwale County.
Later, the President hosted Their Royal Majesties King Charles III and Queen Camilla during their visit to the Kenya Navy Base Mtongwe, Mombasa County.
Present were Deputy President Rigathi Gachagua, First Lady Rachel Ruto, Prime Cabinet Secretary Musalia Mudavadi, Cabinet Secretaries Davis Chirchir, Salim Mvurya, Alice Wahome, Aden Duale and Kipchumba Murkomen, Governors Fatuma Achani (Kwale) and Abdullswamad Nassir (Mombasa), a host of MPs and MCAs.
![The signing ceremony took place in Kisumu, with Governor Prof. Anyang’ Nyong’o representing the county government and UN-Habitat Executive Director in Kenya, Anaclaudia Rossbach, signing on behalf of the UN agency. Under the agreement, both parties commit to jointly implementing the housing upgrade project, which Governor Nyong’o said will primarily target vulnerable groups. “The PINUA programme [is] designed to benefit the most vulnerable members of the community,” Nyong’o said, reaffirming his administration’s commitment to fostering sustainable neighborhoods equipped with essential services. Beginning November 1, 2025, the county government, working with UN-Habitat, will launch pilot projects in Kibuye Estate and Muhoroni Sub-County, based on designs and models developed through extensive public participation. The programme will focus on upgrading informal settlements by providing essential social infrastructure such as schools, sanitation facilities, affordable rental housing, early childhood development centres, and public open spaces. It also supports incremental housing models, allowing families to progressively build and eventually own decent homes. Rossbach emphasized UN-Habitat’s global commitment to driving transformative change in urban areas: “This partnership is crucial in advancing our new strategy, which focuses on improving housing access and digitally transforming informal settlements for everyone.” According to UN-Habitat housing architect Fred Omenya, the pilot phase will begin in January 2026 with the construction of two blocks of 24 housing units in Kibuye Estate.](https://businessinsights.africa/wp-content/uploads/2025/10/About-us-still-25957706200_7ca2db7e5e_k-100x70.jpg "Kisumu, UN-Habitat sign Ksh2.7bn deal for social housing upgrade")
