After NHIF and NSSF, Uhuru now wants to create NHDF.
According to the recently read budget,
To fund housing, the government will introduce a new deduction to your pay slip to go into a fund that will help make housing affordable.
CS Rotich proposed an amendment in the employment law that will see 0.5 per cent of your gross salary or a maximum of Sh5,000 sent directly to the National Housing Development Fund. Employers will also be required to contribute the 0.5 per cent to the kitty.
“An employer shall contribute to the National Housing Development Fund, in respect of each employee’ in his or her employment 0.5 per cent of the employees’ gross monthly emolument subject to a maximum of Sh5,000 while the employee will contribute 0.5 per cent of their monthly gross earnings,” he said. Analysts have warned that this will increase labour costs on employers.
Housing and Urban Development PS Charles Hinga said the money will be sunk over five years and would be used to buy back houses built under President Kenyatta’s Big Four agenda that would not have been sold off by private developers.
The government expects that guaranteed demand in a huge public service together with counties will take up the bulk of the half a million houses.
Upuss. NHIF na NSSF huwa raided na politicians kila wakati, sasa hii ni yet another fund for guys to put their hands into
But on the other hand, sisi watu wa mjengo may benefit kazi ikiongezeka
I dont think this will trickle down to the common mjengo man. It will all evaporate mahali pale juu. What am saying is that the fat cats watakula kona na hio niadu yote
It’s like this guy we elected for president doesn’t live in Kenya.Yaani hata saga ya NYS haijaisha and he’s already opened a new tap for taxpayers money to be looted.
Uhuru will tax us to death.
Let’s hope MPs and senators will block this foolishness and any other foolishness that makes the lives of Kenyans harder than they already are.