Kenyans will pay Sh200 per month to the National Housing Development Fund, according to new proposed regulations published by the State.
The amendments are contained in the National Housing Development Fund Regulations 2020. The regulations are set to be tabled before Parliament for adoption.
Under the new regulations, salaried workers will not be forced to contribute 1.5 per cent of their gross salary as housing levy as was earlier proposed.
“Every member shall contribute a minimum of two hundred shillings per month to the National Housing Development Fund and the contributions shall be immediately credited to the member’s individual account as provided for under regulation 9,” the regulations proposed by the Ministry of Housing read in part.