Ministry of Housing has accused the Treasury of not honouring its promise to pump 4.6 billion in National Housing Cooperation (NHC), a fact that has hampered NHC’s ability to provide adequate and affordable housing for the country.

While speaking to the media, Minister of Housing, Soita Shitanda said, “In the last five years treasury promised to pump 4.6 billion shillings in National Housing Cooperation, and not a shilling has come to date.”

NHC is the government body charged with the responsibility of efficiently providing adequate and affordable housing for the country.

“We borrowed 1.6 billion shillings from banks at commercial rates and accessed KES 2.4 billion from contractors through contractor finance projects which are normally at commercial rates. ” added Shitanda.

As reported in NTV news, NHC has spent at least KES 9 billion, since 2002, in housing projects across the country. Out of this treasury has only given 1.6 billion. Part of the Vision 2030 plan was to put up at least 200,000 housing units and house a large number of the population by the year 2012. Half way into 2012, many Kenyans still remain unhoused for two reasons: Lack of enough houses being constructed and the few houses available are way too expensive.