Kenyans to pay Sh200 monthly to Housing Fund
By Kauli Benjamin - 2020-05-21 00:53:29 - [General]
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.
share on
Kindly Login or Register to comment and like and earn
Comments (0)
Others are reading
You should be compassionate and forgiving When I am afraid I put my trust in God Five things successful people do before 8am Success is something you attract by the person you become Christian Ronaldo threatens to break word history ever been made in sport word The most common Beaches in Yimbo West Ward in Bondo sub county The only dispensary in Bunyala south ward in Busia County Do the right thing when it’s hard If you don’t love someone neither use nor take things from them And a number of nations will be joined to the Lord in that day, and will become my people; and I will be living among you, and you will see that the Lord of armies has sent me to you.