President Ruto interacted with homeowners in Nakuru County
President William Ruto interacted with homeowners during the commissioning of the Bondeni Affordable Housing Project in Nakuru County.
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00:00 - Three bedrooms? - Three bedrooms.
00:03 - These are your kids? - These are my kids.
00:06 - First one is in school. - Oh, he's in school?
00:10 - Yes, he's in school. - How many years have you been here?
00:13 - Eight. - Eight? Very good. So this year you are doing something?
00:16 - I'm doing an exam. - Are you doing an exam?
00:19 - No. - No, next year.
00:21 Do you know how much this house would have been without the affordable housing program?
00:27 - How much would this house be? - This would have been between 70,000 and 50,000 a month.
00:32 - So 50,000 a month? - Out.
00:36 The difference between making it affordable to you and not being able to get it.
00:41 Exactly. And the setting itself, in a city, right in the middle.
00:47 - Right in the middle. - So one is very ideal.
00:51 Now it's come down to four. That's the difference.
00:55 So it is important for people like her who are contributing to the housing fund
01:04 for them to know how the housing fund is making it possible for them to own a home.
01:10 - Very true. - Because it is that 1.5% that you paid
01:16 that now we have used to reduce the mortgage from 20% to 6%.
01:25 - That's the difference. - That's a lot.
01:28 If you went to the open market for a mortgage to buy this house, you'd pay 30%.
01:34 But now under this program, you're going to pay 6%.
01:38 - And it's fixed. - It's fixed, yes.
01:42 So somebody earning 100,000 and less, how is she going to pay 70,000 for a house?
01:48 - Impossible. - It means 70% of her salary would go down.
01:52 - And the kids are going to school. - Exactly.
01:55 So we have now made it possible for citizens to own a home.
02:01 - Exactly. - To own a home in a decent place.
02:05 - This is a three bedroom. - It's a three bedroom.
02:09 So how much is she going to be paying?
02:13 I'll have to discount the 1 million and then I'll work out the figure.
02:16 - But it will be around 10,000. - On average?
02:19 On average, because we paid a deposit of a million.
02:23 - So anyway, the other people here will be paying about 16,000. - 16,000.
02:27 - So 16,000 for this property. - Yes.
02:30 Ordinarily in this area of Nakuru, this would be double that.
02:35 Two bedrooms here is about 35,000.
02:39 - Oh yeah, they will be 35,000. - Next door.
02:43 - And that is rent? - Rent.
02:47 - Not you own? - Yes.
02:50 So you know how we have managed to get the Kenyans to own a house?
02:59 Number one, we have said that we will pay the government.
03:05 Number two, the mortgage here would have been 20%.
03:10 - Now you will pay 6%. - 6%.
03:14 - That's a lot of money. - You see?
03:17 That's the amount you see in Telugu. From 35,000 to 15,000.
03:21 And that is our goal, to make sure that Kenya changes.
03:26 So that they get a place to live, we build slums.
03:30 - And you saw the young men working here? - Yes, yes.
03:34 - 3,500 workers, directly and indirectly. - Yes.
03:37 - Here? - Yes, on this side only, 3,500.
03:40 So, in this area, you have got a house.
03:46 Some of the 3,500 have got a job.
03:49 We have built a house.
03:55 You know, this area was like a slum.
04:01 Now it is like a state of the art, even in Nairobi.
04:07 - It's smart. - So, where do you work?
04:11 I work here in the school market, as a saloonist.
04:15 - So you have a job? - I have a job.
04:19 I live here. I have a job.
04:22 - I don't pay rent. - You don't pay rent.
04:26 - Yes. - So, you know, this house is two bedrooms.
04:30 - Do you know how much it costs to have a two bedroom house like this? - Yes.
04:36 - The rent. - The rent.
04:38 - How much does it cost? - 35,000.
04:41 - 35,000. - Yes.
04:44 - And that is the rent. - Yes.
04:46 - So, you have a house here because of the government's affordable housing program. - Yes.
04:54 - So, you pay 35,000. - Yes.
04:56 - So, you pay 16,000.
05:00 - But the house is yours. - Yes.
05:03 - I am very grateful. - Right? - Yes.
05:05 - And you know how much we have built here? - Yes.
05:07 - How many floors? - Three.
05:09 - Floor one. - Yes.
05:11 - We have removed the grass. - Yes.
05:14 - So, the grass has been removed. - Yes.
05:17 - Floor two. You know, the money for the housing levy.
05:23 - Now, we are using the housing levy. Instead of paying 20%, you pay 6%. - Yes.
05:30 - You see the money has come? - Yes.
05:34 - So, what do you do here? - I sleep and pray that God will help me.
05:39 - Yes. - Very good.
05:41 - So, how much do you pay now? - I am a housewife.
05:46 - I live with 10,000. But I live in a car. - In a car?
05:50 - Yes, in a car. - In a car with a job?
05:52 - Yes, in a car with a job. - So, you pay 15,000.
05:55 - It is your job and your house. - Yes.
05:58 - Very good. - Now, I use transport.
06:01 - You use transport and you pay. - Yes.
06:04 - Okay, thank you. - Yes.
06:06 - Thank you.
06:07 [END]