Minister John Kaupa said the reform will allow for the rental ceiling for National Housing Corporation to be increased to realistic levels.
The Minister told parliament that the housing policy is outdated.
“As a government we must cater for all.”
Kaupa said the ceiling, which was around during the colonial times, was around K7.50 to K128 to K200.
“This is not enough to maintain all the existing properties of the NHC,” said the Minister.
He has directed for the establishment of housing policy reform team, which will lead to the overhaul of the policy.
“That policy from the colonial times is still there. Everyone knows about the ceiling because every time we try to put the rent up, they say, ‘No, we know there is a ceiling for rent and NHC is not a business entity, it’s supposed to provide affordable housing for all citizens of the country’.
“As the country is moving on, the rental price must also be competitive.
“So we will look at a new rate; over K200 and above so that we can make enough money for maintenance purposes.”
The Minister will be giving a ministerial statement next week on his progress so far.
He also stated that he will be talking with the Independent Consumer and Competition Commission so that real estate in the country can be regulated, making it more affordable.