CS Alice Wahome: "The Housing Levy is a Tax, Not a Saving"

Clarifying the Levy

In a landmark clarification, CS Alice Wahome stated that the Housing Levy contributions are primarily used to fund construction, not as a direct savings pot for the individual. This means contributors still need to purchase or rent the units post-construction through separate financing like Boma Yangu.

The government aims to release 500,000 units in 2026, focusing on the rent-to-own model for those in informal settlements.