national housing corporation presentation at the kenya uk sacco agm on 8 th november, 2014 by anne...

NATIONAL HOUSING CORPORATION

PRESENTATION

AT THE KENYA UK SACCO AGM

ON 8TH NOVEMBER, 2014

BY

ANNE SARUNI

NATIONAL HOUSING CORPORATION KENYA

Introduction

National   Housing   Corporation   (NHC) is   a   statutory  body established by an  Act of  Parliament Cap. 117  of the Laws of Kenya.

The primary mandate of NHC is to play a principal role in the implementation of the Government’s Housing Polices and Programmes.

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Mission and Vision Mission and Vision

Vision Sustainable and decent housing

for Kenyans

MissionTo efficiently provide and facilitate

access to innovative housing solutions

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PRODUCTS AND SERVICES◦Tenant Purchase Housing Scheme◦Rental houses◦Houses for direct sale (Mortgage)◦Rural and Peri-urban housing loans◦Site and service schemes◦Undertaking project management◦Provision of building plans to Customers

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PRODUCTS AND SERVICES cont…◦Provisions of Project and Estate management Services

◦Supervision of Building Construction

◦Manufacture of EPS panels for Building construction

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Trust: The Corporation is wholly owned by the Government thus its sustainability is highly certain

Experience: NHC has a long history in housing development

Proven Record: NHC’s developments are evident

Why purchase houses from NHC

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Why purchase houses from NHC cont....Direct Bank Transfer: Kenyans

abroad can purchase a house while it is under construction by making installment payment through our bank account. 

Finance: Financiers are readily willing to provide long-term finance for our projects.

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Recently completed and sold NHC Projects

Project Name Units

Madaraka, Nairobi 540

Nairobi West 182

Kakamega 80

Kisii I 40

Langata Phase IV 110

Langata Phase V 125

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11. . Madaraka Sectors B,C,D,EMadaraka Sectors B,C,D,E

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22. Nairobi West Apartments

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3. 3. NHC Kakamega Court NHC Kakamega Court ApartmentsApartments

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4. 4. NHC Kisii Phase NHC Kisii Phase II

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5. NHC Langata Court Phase IV 5. NHC Langata Court Phase IV

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NHC’S On going House NHC’S On going House Projects Projects

Project Name Units Provisional Price

Langata VI 80 2 BR- 6.0 m

Kisii Phase II 40 2 BR- 4.0

TOTAL 120

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NHC’S UPCOMING PROJECTSNHC’S UPCOMING PROJECTS

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Project Name Units Provisional Price

Kisumu Kanyakwar I

100 2 BR- 4.8 m3 BR – 6.6m

Stoney Athi Phase 1 120 9.5 – 11m

Stoney Athi Phase II 200 12.5-13.5m

Kibera Mixed Development

78residential 79Shops

2 restaurants

3.5- 5.5m3.7- 7 m12-13m

Kisumu Kanyakwar II

600 1 BR- 3.4 M2 BR- 4.8 m3 BR – 6.6m

Langata commercial 36 residential

Shops Food court

Supermarket

Prices to be determined

before project commencemen

t

NHC’S UPCOMING PROJECTS cont...NHC’S UPCOMING PROJECTS cont...

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Project Name Units Provisional Price

Changamwe 2000 Prices to be determined

Meru MixedDevelopment

60 ResidentialCommercial

space

Prices to be determined

Nyeri MixedDevelopment

40Commercial

space

Prices to be determined

Nakuru MixedDevelopment

40Commercial

space

Prices to be determined

TOTAL 3276

1. Langata MUD / The Mall Cum 1. Langata MUD / The Mall Cum Residential – PictorialResidential – Pictorial

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2. Langata VI Apartments- Typical 2. Langata VI Apartments- Typical ElevationElevation

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3. Kisumu Kanyakwar Apartments – 3. Kisumu Kanyakwar Apartments – Google mapGoogle map

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Kisumu Kanyakwar Apartments – Phase I–Kisumu Kanyakwar Apartments – Phase I–Sample ElevationSample Elevation

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Kisumu Kanyakwar II (600 units)

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4. NHC Stoney Athi Court – 4. NHC Stoney Athi Court – Google MapGoogle Map

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NHC Stoney Athi Court –Unit Type A – Facades

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NHC Partnership Project - NHC Partnership Project - Sunset Boulevard Apartments Sunset Boulevard Apartments Location: Mombasa Road, Athi RiverAccommodation: 1br, 2br & 3brPrices:1br- Kshs. 2.7M- 3.2M (Avg. 32,900 USD)2br- Kshs. 3.8M- 4.7M (Avg. 47,400 USD)3br- Kshs. 5.4M- 6.6M (Avg. 67,000 USD)Expected rental rates1br- Kshs. 18,000.00 per month2br- Kshs. 25,000.00 per month3br- Kshs. 32,000.00 per month

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FeaturesFeaturesCar free zonesShopping centrePlaying GroundEducational centre24/7 security & Electric fenceSwimming poolNatural lightingLush mature gardenBorehole & Water towerProximity to social & industrial

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The Sunset Boulevard The Sunset Boulevard project imagesproject images

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Modes of saleModes of saleThe houses shall be sold through: -

(a) Outright sale - This is where the purchaser pays 20% of the purchase price as a deposit and pay the rest within 90 days from the date the house is ready for sale.

(b) Tenant Purchase (TP) – is where the purchaser pays 10% deposit and then pays the balance of purchase price monthly at 13% for 18 years.

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POSSIBLE AREAS OF ENGAGEMENT◦Consultancy Services – Designs and approvals, project management

◦Partnership under the Public Private Partnership Act – Kenya Diaspora partnering with NHC in realizing their investment dreams

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POSSIBLE AREAS OF ENGAGEMENT cont…◦New Technology – Partnering with NHC in introduction of new/innovative building technology (Research and Development)

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Q AND A? Q AND A?

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THANK YOU THANK YOU

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