Describe one measure the Kenyan government could take to help increase the supply of houses in the country
Answers
Answer:
The most direct way the federal government could relieve housing cost burdens on low-income households is by giving them subsidies. Unlike food stamps or Medicaid, federal housing subsidies are not an entitlement: currently around one in five eligible renter households receives federal assistance.
Explanation:
The federal government could reduce financial stress for low-income families by expanding housing subsidies, like vouchers or the National Housing Trust Fund.
Kenya has an annual housing demand of 250,000 units with an estimated supply of 50,000 units, culminating in a housing deficit of 2 million units, or 80% deficit. Housing affordability is a key challenge in Kenya with many people unable to afford to buy or build their own home.
In addition to above said measures, the Govt. has taken several fiscal and monetary measures to encourage the private sector to construct houses. Lowering of interest rate for housing loan. Income tax concession over housing loans, rationalisation of rent. Central laws etc.