Housing policy explained

THE National Housing Corporation takes this opportunity to explain the underlying meaning of the new housing policy as to provide equilibrium to the market.
The new policy will only make provisions for NHC to meet the demand of housing at an affordable rate.
Currently, the policy is at National Research Institute for its second review.
Once the review is done, it will be brought forward to the National Executive Council for review and hopefully, approval.
After the approval, it becomes the new National Housing Policy (NHP) 2018 that will replace the outlived one which was created in 1994.
This is the strategy that the corporation will use to clamp down on uncontrollable increase in the rates of housing in the market.
NHC will now become a major player to influence housing prices by supplying more houses to the citizens at affordable rates, so to give chance to medium and low-income earners to live in decent homes.
The policy has a neutral nature and will not directly affect any stakeholder or supplier in the market.
It will only provide the competition needed to see demand and supply of housing meet at an equilibrium and at an affordable price.

Kenneth Cooke
NHC – managing director