Unlocking the Affordable Housing Dream

For William Malalo, a father of three in Nairobi, Kenya, being offered the option of renting-to-own his home has allowed him to leave behind the poorly built rental units he and his family used to live in. Thanks to an initiative by the Kenyan government, supported by IFC, to increase access to quality housing through affordable mortgages and rent-to-own options, Malalo is on his way to owning is own home. The project has supported the development of a series of low-cost modern apartment blocks with flexible repayment plans that support home ownership. According to a World Bank Group study, Kenya’s affordable housing crunch is estimated at two million units, with the deficit growing by 150,000 units annually.

Видео Unlocking the Affordable Housing Dream канала International Finance Corporation