The United Nations Office for Project Services (UNOPS)
First homes in Kenya ready in landmark affordable housing initiative
President Uhuru Kenyatta of Kenya today launched the first project as part of an ambitious 100,000 affordable homes agreement between the government of Kenya, UNOPS, and Sustainable Housing Solutions, signed last year on the fringes of the UN General Assembly in New York.
UNOPS S3i seeks to de-risk and structure infrastructure investment projects in an effort to help attract financing from the private sector to national development agendas. Projects selected are subject to a rigorous and comprehensive due diligence process that will ensure positive environmental, social and economic impacts, with financial returns for private sector investors.
“Today, we are here for the launch of one of our strategic partners’ projects that will deliver 8,888 units. Habitat Heights is one of the projects of UNOPS and their partners,” said President Uhuru Kenyatta.
The Habitat Heights development in Lukenya is part of Kenya’s broader national affordable housing programme, which aims to build 500,000 homes. Show homes have been constructed for two and three bedroom apartments, which are now ready to view.
“The partnership addresses the lack of access to affordable and accessible financing for ordinary Kenyans who want to own an affordable home. To date, 270,000 Kenyans have expressed desire to be considered as beneficiaries of the Affordable Housing Programme,” added the President.
“This project, part of UNOPS Social Impact Investing Initiative (S3i), will lay the foundations for a more affordable and sustainable housing market in Kenya. The construction phase of the first homes is a significant step forward for the initiative,” said UNOPS Deputy Executive Director, Vitaly Vanshelboim.
To date, UNOPS S3i has announced several major affordable housing schemes in the Caribbean, Ghana, India, Kenya and Pakistan. More than 850,000 new affordable homes will be built in total as part of the broader initiative, making it one of the most ambitious affordable housing projects in the world.