United Nations to Invest Ksh 64.7 Billion in Affordable Housing Project

The United Nations Office for Projects (UNOPS) announced on 24th January on reaching a major agreement with the Kenyan government. As part of the agreement, the UNOPS Social Impact Investment Initiative (S3I), and its partners will seek to invest KSh. 64.7 billion to deliver at least 100,000 affordable and sustainable homes across the country.

Announcing the details of the project in New York, Executive Director Grete Faremo said that the agreement is a major milestone in UNOPS commitment to fostering innovative financing for the Sustainable Development Goals (SDGs), and will help the government of Kenya open access to sustainable, affordable and environmentally sound housing for its citizens.

“By reducing the investment risks of development activities, we are helping to bring about new partnerships between the private and public sectors. The knock-on effect means unlocking new opportunities and providing jobs for local communities, which all helps drive progress towards the SDGs,” she added.

SOURCEEstateCloud Kenya.