The Nairobi County government has launched a Sh7 billion public residential apartments project in Ngara Estate in a move aimed to help the national government meet its affordable housing agenda.
The project, River Bank Apartments, will see 3,000 units comprising eight blocks with 34 storeys each put up for low and middle income earners in line with the government’s commitment to provide affordable shelter for Kenyans.
The venture, undertaken by Erdemann Property Limited, is set to be completed in less than one and half years.
Nairobi Governor Mike Sonko said his government had approved construction of more than 200,000 houses for middle and low income earners and this was just the beginning.
“To ensure that we are going to speedily achieve this, we have waived building approval fees and also want to engage contractors who will use local building materials and employ youth,” Mr Sonko said during the ground-breaking ceremony on Wednesday.
Erdemann Property Ltd Managing Director Zeyun Yang said each of the eight blocks, financed jointly by the national and county governments, will have 340 units, three lifts and two stairways.