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Sh30 billion for housing by Cytonn

Category : Business | Sub Category : | Posted on: 2019-12-11 11:28:07

Sh30 billion for housing by Cytonn

Cytonn plans to inject more than more than 30million to support the government’s plan of affordable housing. Cytonn High Yield Fund (CHYF), a savings product by the investment firm, targets at least 6,000 units.

Cytonn CEO Edwin Dande confirmed that the company through CHYF projects plans to use more than Kshs.30M to finance, one of President Uhuru kenyatta’s big 4 agenda of, affordable housing programme. He added that Kenyans with at least sh1 million in their accounts will have their accounts activated for the award of 15% rate on investment.

A statement by Housing and Development permanent secretary Charles Hinga confirmed that the State will deliver more than 200,000 Kenyans with decent and affordable housing every year. The PS said that the ministry had spent 20 months devising a better investment blueprint together with various incentives to support the affordable housing agenda.

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