If you have been dreaming of one day owning your own home, then you should register for the innovative government pioneered Boma Yangu Initiative.
And here is why:
- The houses pricing is unbelievably low
First, the prices are amazing. Can you imagine a complete one-bedroom house costing at just about shs.1 Million only?
Well, this could become a reality with the affordable housing programme (AHP).
Two bedroom house is going at KSh2 million only while a 3 bedroom unit will set you back Sh3 million.
In comparison, a 3-bedroom house in Kilimani costs between shs.11.8M to 12.8M.
- The monthly contributions are pretty affordable
Then, unlike costly mortgages that can render you bankrupt, here you’re required to contribute a maximum of shs.2500 per month (formally employed- the employer also contributes an equal amount) and whatever you can afford for self-employed/business people.
Voluntary contributors can contribute beyond the shs.2500 maximum if you so wish.
- You will get back your money (if you don’t get a house)
The Boma Yangu project is government driven so your money is safe. Indeed, you’re given back your contributed amounts after 15 years of contribution or when retiring- whichever comes earlier.
Best of all, the amount is treated as a saving so it will be earning some interest.
And by the way, the first lucky 228 Kenyans are to be allocated their houses before the year end (These 2-bedroomed houses are in Ngara, Nairobi).
Who is eligible to register for the Boma Yangu Initiative?
To register on Boma Yangu for a future house allocation, you need to:
- Be at least 18 years old.
- Have a genuine national ID card
- Be a Kenyan.
You also submit myriad personal details when completing your personal profile data on the portal including your preferred type of house.
Even those without a regular income qualify provided they can manage to make the monthly repayments (prove needed).
Type of houses on offer under the Boma Yangu Initiative and the pricing
The AHP homes range from bedsitters to three-bedrooms with varying unit sizes. Here is a summary:
|Type of house||Official Size||Price|
|1 Bedroom||30 sqm.||Shs.1M|
|2 Bedroom||40 sqm.||Shs.2M|
Social Housing Houses:
Contributors who fall under the social category (more below) have the following options:
|1 Room||shs 600, 000 (installment @shs.2500 per month)|
|2 Room||shs 1M(installment @shs.4500 per month)|
|3 Room||shs 1.35M(installment @shs.6500 per month)|
Types of contributors
The AHP is intended at facilitating home ownership for these income brackets:
Group 1: Social
This covers those who earn up to shs 19, 999 and as noted above, they have the most affordable pricing.
Group 2: Low Cost
This caters for Kenyans earning between shs 20, 000 to shs 49, 999.
Group 3: Mortgage Gap
This is for those who make between shs 50, 000 and shs 149, 999 per month.
Group 4: Mid-high income earners
This is for Kenyans earning over shs.150000 but lack decent housing
How much will I be paying if I get the house and for how long?
The monthly installment will depend on the house allocated, what you’ve contributed so far, plus your desired payment period.
The typical payment duration is however 25 years.
Still there, the payments will remain fixed over the entire financing life.
Other available financing options
You can also apply for a loan from the housing fund to help you pay for the affordable housing under the mooted tenant purchase scheme.
In return, you will be submitting an amount equal to your current rent to the fund every month until you pay off the finance facility.
In which areas are the houses being constructed?
The AHP is nationwide meaning houses will be put up across the country even in the rural zones. The first phase is, however, in Nairobi (at Park Road) with a projected 1,370 units.
Pangani, Kibra (4400 units), Shauri Moyo (8000 units), Lukenya, Athi river (100000 units), Suna Road/Toi Market, Bachelors’ Quarters, and even Mukuru Kwa Njenga will also be hosting Boma Yangu homes.
Mariguin, South B (2600 units) and Kiambiu, Eastleigh (4000 units) are in the list too.
When will the allocation of houses begin?
Allocation of homes to qualified applicants would is planned to commence immediately the construction of the first batch of houses begins.
You’re put on the waiting list if not successful during the initial allocation and prioritized in subsequent allocations
What factors does the Boma Yangu initiative consider when allocating houses?
For the inaugural allocation, the government will be looking at factors like when you registered, your family’s status and prevailing demand across the aforementioned housing categories.
How sure am I that I will be allocated my dream house?
The government together with the involved strategic partners has put in place mechanisms to ensure that the allocation process for ready houses is done in a transparent many.
In fact, the state is planning to competitively outsource the projects Administration to professionals as well as install trustworthy trustees to ensure integrity in the entire process and give every Kenyan an equal chance.
Boma Yangu Registration: How to register for the Boma Yangu Initiative
Honesty is crucial when registering. In any case, your details are usually counter-checked by various government stakeholders once you upload them.
- Click here and choose create an account.
- Type in the requested details. Remember to create a strong password and give the result of the math question at the bottom.
- Click create account.
Boma Yangu Activation
An activation code is then sent to your phone number as provided. You are also redirected to activate your account here. You should now type the code and click activate account.
That’s all it takes to complete the Boma Yangu portal registration. You can now log in here and proceed to make a house selection and add the remaining details.
What to do if you’re experiencing problems with the Boma Yangu portal
Problem 1: I am unable to register
Do the following if you’re facing challenges registering on the portal…
- Check that your internet connection is strong enough.
- Ensure that you’re entering your ID number correctly.
Remember that you can only register once.
Problem 2: Help, I can’t log into the Boma Yangu Portal!
Start by activating your account in case you skipped this step (The website sends you an activation code via your phone so your account is not active if you’re yet to receive the code).
What to do: Simply click this link to activate your account
Additionally, ensure that you’re logging in using the ID number or phone number you had used during registration.
Problem 3: I forgot my BomaYangu password!
Easily reset your password by clicking here then following the steps.
Problem 4: My documents are refusing to upload!
This happens if your documents are in an unsupported format. You hence need to convert them into either PDF, PNG, JPG, or ZIP file format.
The portal will also reject your uploaded documents if they are larger than 10MB. Try to compress them not to exceed 10MB.
Boma Yangu Contacts
You can contact Boma Yangu customer care team via the following details if you’re still encountering problems:
Email: [email protected]
Telephone: 020 6900020
You can also pass your query by filling this form. It’s best to visit the nearest Huduma centre for guidance if your registration issues are related to your ID document.
What else should you know about Boma yangu?
- The whole project forecasts to have constructed over 500000 housing units by 2022.
- The balloting system was selected to ensure there is no favoritism/nepotism during house allocation.
- The inaugural Ngara project is being built by a Chinese contractor and is valued at shs.5 Billion. The project has 1370 units in total and is scheduled to be fully completed by 2021.
- To qualify for consideration during the first balloting for the Ngara project, you must have contributed at least 12.5 percent of the house value by handing-over date.
- While initially the contribution was supposed to be mandatory, the state has been forced to make it voluntary after encountering string resistance from Kenyans.
- A total of 250000 people have signed up on the portal though only 15000 are actively making monthly contributions.
- You’re free to pay your monthly amount using any payment method including mobile money as long as you quote your unique identification boma yangu number.
- You can even pay the entire lumpsum if you so with, perhaps with the assistance of your SACCO/Banker.
- You can download the Huduma Life app. to allow you receive the project updates in real-time straight to your phone.
- The government will look at several other factors when selecting the participants for the balloting including the date your registered, marital status, and existing demand across all the housing categories.
- You can only be allocated one house under the programme.
- The state has reserved 30% of all the houses under the scheme for civil servants while 20% goes to members of the disciplined forces (Kenya police etc.) so you might have an added advantage if you’re working with the government.
- You cannot sell the house before 8 years are over in the open market. You can ,however, sell back your house to the fund while retaining your equity.
In its quest to cover the yawning housing deficit in the country, the government came up with the Boma Yangu programme that will see a one-bedroom house costing about shs.1 Million.
And considering that you’re just required to make a maximum of shs.2500 monthly contribution, owning a decent house is now within reach.
Critics have pointed out that the number of houses aren’t that many vis-à-vis the number of registrants. But the thing is only those registered will be participating in the allocation. Again, who knows? Lady luck may smile unto you and make you one of the first allotees of the houses under construction.
Importantly, even if you miss out on a home during allocation, you will get back your funds (plus the accrued interest) within 15 years or when retiring- whichever comes earlier.
So, if you’re able, why not take the Boma yangu Kenya chance?
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