Pension funds eye piece of affordable homes pie

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Nation | by James Kariuki

Pension fund trustees and administrators are in talks with the government over partnership in financing construction of affordable housing units across the country.

Players overseeing investments of Sh1.32 trillion said they will engage with housing and urban planning permanent secretary Charles Hinga for possible participation in the mass housing initiative.

The development follows recent Retirement Benefits Authority (RBA) regulations review that unlocks upto 40 percent of each pensioner’s savings for use in purchasing residential homes or building the same…

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