Browsing: NHC

Unity Homes completes 10% of $44.5 million housing project

NHC seeking to raise billions through IFC for affordable housing project in Kenya

Business
  • National Housing Cooperation (NHC) is seeking to raise KSh 7 billion through the International Finance Corporation (IFC) for an affordable housing project in Kenya 
  • NHC will use the investment to fund the construction of 3,500 housing units in Athi River, Machakos County
  • The housing units are part of the KSh 20 billion Stoni Athi Waterfront City project, comprising 10,500 units to be developed on a 150 acres piece of land.

Kenya’s National Housing Cooperation (NHC) is seeking to raise KSh 7 billion through the International Finance Corporation (IFC) under the Public Private Partnership (PPP) model to fund the construction of 3,500 housing units in Athi River, Machakos County.

The housing units are part of the KSh 20 billion Stoni Athi Waterfront City project, comprising 10,500 units to be developed on a 150 acres piece of land.

The affordable housing project comprises one, two and three-bedroom units targeting the low, middle, …