National Housing Corporation houses along the Southern by pass in Langata, Nairobi. [File, Standard]
The National Housing Corporation (NHC), the State’s agency that handles housing matters, has revealed difficulties in the rental arm of its business citing unfavourable market conditions.
NHC argues that since the Covid-19 pandemic, it has become difficult to retain loyal tenants even as the agency seeks to improve its returns from the units it manages on behalf of the government.
As such, while the corporation mulls increasing rent in its strategic plan to improve income, it is faced with an unresponsive market that may cause a dent in its targets.
Rental properties are expected to play a key role in improving the corporation’s profits by a 540 per cent annual target as set in the strategic plan.
Subscribe our newsletter to stay updated
Thank you for subscribing!
Subscribe our newsletter to stay updated
Thank you for subscribing!
