Kenyans applying for homes under the Affordable Housing Programme will now pay more following the government’s revision of housing prices across its affordable and market housing projects.

The State Department for Housing announced on Thursday, October 1, that the new prices would apply to new applications submitted from October 1, 2026.

Under the revised pricing structure, Affordable Housing units have increased by 20 per cent, while Market Housing units have risen by 10 per cent.

“The Affordable Housing Programme has revised house prices across the Affordable and Market housing typologies, effective October 1, 2026,” the State Department for Housing stated.

Two-Bedroom Units Rise By Ksh600,000

Under the Affordable Housing category, the price of a studio apartment has increased by Ksh300,000, rising from Ksh1.5 million to Ksh1.8 million.

A one-bedroom unit now costs Ksh2.4 million, up from Ksh2 million, representing a Ksh400,000 increase.

The price of a two-bedroom apartment has risen from Ksh3 million to Ksh3.6 million, an increase of Ksh600,000.

The revised prices apply to new applications across all projects from October 1.

Existing Applicants Protected From Increase

The Housing Department said applicants who had already applied under the previous pricing structure would continue paying the earlier prices.

This means the new prices will not affect existing applications submitted before October 1.

Boma Yangu had announced on September 15 that prices would be revised and encouraged Kenyans to apply under the existing pricing structure before the increase took effect.

Who Qualifies For Affordable Housing?

The Affordable Housing Programme categorises applicants according to their monthly income.

Social housing is reserved for Kenyans earning up to Ksh19,999 per month, while the affordable housing category targets those earning between Ksh20,000 and Ksh149,999.

Applicants earning above Ksh150,000 per month fall under the affordable middle-class category, with different housing options available depending on household needs and income.

How To Apply

Applicants can access the Boma Yangu platform through eCitizen by selecting the Boma Yangu option.

They can also register through the Boma Yangu website or use the USSD code *832#.

The revised prices take effect from October 1, 2026, meaning prospective applicants who had not submitted applications before the deadline will be subject to the new rates.

The post Kenya Raises Affordable Housing Prices By Up To Ksh600,000 appeared first on Housing TV Africa.

Affordable Financing Could Help More Nigerians Become Homeowners, Mixta Africa Says

Access to adequate and affordable financing remains critical to helping more Nigerians overcome the barriers to homeownership, real estate developer Mixta Africa has said.

The company made the observation as it handed over keys to 27 new homeowners at Ibudo Wura, an affordable housing estate located along the Lekki-Epe Expressway in Lagos.

The latest handover brings the total number of completed homes at the development across Phases 1 and 2 to 192, according to the company.

Mixta Africa said the development demonstrates how appropriate financing options can make homeownership more accessible to prospective buyers.

The company noted that the latest handover also builds on its more than two decades of housing delivery across Africa, with more than 30,000 homes delivered to date.

According to the developer, homeowners at Ibudo Wura were able to access financing with as little as 10 per cent equity, payable over six months.

The financing comes with an interest rate of 9.75 per cent per annum and repayment tenors ranging from five to 20 years. Indicative monthly repayments start from N534,785.

The financing is available through the Ministry of Finance Incorporated Real Estate Investment Fund.

Mixta Africa Group Chief Commercial Officer, Tola Akinsulire, described the latest handover as an important milestone for the company and the beneficiaries, marking the point at which buyers move from purchasing their homes to taking possession.

Akinsulire said handing over keys was an important part of the relationship between the developer and its customers because it turns the company’s promise of home delivery into something tangible.

She acknowledged that buying a home represents a major financial and emotional commitment and said customers needed confidence that the homes they had paid for would be delivered.

With the latest handover, 27 additional families have taken possession of homes at the development, she said.

Akinsulire added that the company’s responsibility was to continue earning the trust of its customers through consistent delivery across its housing communities.

One of the new homeowners, Mrs Soprinye Banjo, said Mixta Africa’s track record influenced her decision to purchase a home at the estate.

She also cited the availability of authentic property titles and the prospect of having a seamless transaction as factors behind her decision.

Another homeowner, Tunji Adeyemi, said the quality of construction at Ibudo Wura was one of the main reasons he decided to invest in the development.

Adeyemi said he understood the quality of construction carried out by Mixta Africa and considered it an important factor in his decision.

He also pointed to Lagos New Town, where the development is located, as another attraction.

According to him, the area offers a setting where residents could live and work, while also providing an environment suitable for people considering the location for retirement in the future.

Another homeowner, Mrs Yetunde Oyegunle, praised the estate’s appearance, the quality of the finishing and the surrounding environment.

She said the development provided a conducive environment and expressed confidence in recommending it to people interested in purchasing property.

The latest handover highlights the role that accessible housing finance can play in supporting homeownership, particularly as prospective buyers face the challenge of raising large upfront payments for residential property.

Mixta Africa said its financing structure at Ibudo Wura is intended to provide prospective homeowners with a pathway to purchase homes through manageable equity requirements and longer repayment periods.

The post Housing Finance: Mixta Africa Hands Over 27 Homes at Ibudo Wura appeared first on Housing TV Africa.

By Adebayo Tobi

Nigeria’s housing conversation has focused heavily on one question: How many homes does the country need to build?

With the country facing a housing deficit estimated at more than 28 million units, increasing housing supply is clearly important. But there is another question that deserves just as much attention: How many Nigerians can actually afford the homes being delivered?

That question could define the next phase of Nigeria’s housing and real estate market.

Across Lagos, Abuja, Port Harcourt, Ibadan and other growing urban centres, residential development continues to expand. New estates, apartments and gated communities are appearing in areas where demand for housing remains strong.

Yet a growing number of Nigerians are finding themselves priced out of homeownership.

READ ALSO : Why Government JVs Struggle to Deliver Affordable Housing in Nigeria

The house may exist, but can people afford it?

Housing affordability is not simply about the price attached to a property.

For a prospective homeowner, affordability also depends on income, mortgage rates, deposit requirements, land costs, construction expenses, transportation, infrastructure charges and the general cost of living.

This means that a property can be technically available without being financially accessible.

A young professional may have a stable income and still struggle to raise the required deposit. A family may be able to afford monthly payments but not the initial equity contribution. Another household may find a property within its budget but reject it because its location creates unaffordable transportation costs.

These realities show why Nigeria’s housing challenge cannot be solved by construction alone.

The affordability gap is widening

The cost of delivering housing has become a major concern for developers and buyers.

Land, building materials, labour, infrastructure and financing all influence the final price of a property. When these costs rise, developers face pressure to increase selling prices or reduce the scale and specifications of projects.

Buyers, meanwhile, are dealing with household incomes that may not increase at the same pace as property prices.

This creates what can be described as an affordability gap  the distance between the cost of available housing and what households can realistically pay.

Closing that gap should become a central part of Nigeria’s housing conversation.

Developers must understand the real market

The private sector has an important role to play.

Developers naturally respond to market opportunities, and there will always be demand for premium residential developments. But Nigeria also needs housing products designed around the purchasing power of the broader population.

The question should not only be, “What can we build?”

It should also be:

“Who is the intended buyer, and can that buyer realistically afford it?”

This requires developers to pay closer attention to housing design, location, construction methods, infrastructure costs and payment structures.

Smaller but well-planned homes, efficient designs and phased developments could provide alternative ways of reducing the entry cost for some buyers.

Financing remains a critical piece

Even where property prices are relatively manageable, access to long-term housing finance remains important.

For many households, homeownership cannot be achieved through savings alone. A functioning mortgage market, longer repayment periods and suitable financing products can help spread the cost of purchasing a home over a period that is more consistent with household income.

Developers and financial institutions also have room to explore innovative payment models that can make property acquisition more accessible.

The objective should be simple: make the journey to homeownership financially realistic.

Government also has a role

The affordability challenge cannot be left entirely to developers.

Government policies on land, taxation, infrastructure, planning, building regulation and housing finance can significantly influence the cost of delivering homes.

Efficient land administration can reduce delays and uncertainty. Better infrastructure planning can reduce the burden developers pass on to buyers. Clear and predictable regulations can also improve the environment for housing investment.

At the same time, housing policy must recognise that affordable housing is not simply about constructing cheaper buildings. It is about creating communities where people can live safely and sustainably without housing consuming an unreasonable share of their income.

The opportunity in Nigeria’s housing market

Nigeria’s housing challenge is enormous, but so is the opportunity.

Millions of people need decent homes, while developers, investors, financial institutions and construction professionals are searching for sustainable opportunities.

The market can bring these interests together if affordability becomes a stronger part of the development equation.

Nigeria does not only need more houses.

It needs more homes that ordinary working Nigerians can realistically aspire to own.

The future of the housing industry should therefore be measured not only by the number of units delivered, but also by whether those units create genuine pathways to homeownership.

The biggest opportunity may be found in the space between what Nigerians need, what they earn, and what the market currently offers.

Bridging that gap will require collaboration, innovation and a willingness to rethink conventional approaches to housing delivery.

The post Nigeria’s Housing Market Needs Homes People Can Actually Afford appeared first on Housing TV Africa.

Nigeria is facing a housing crisis of unprecedented scale. According to the Federal Ministry of Housing and Urban Development, the 2025/26 housing deficit has reached 14.92 million units, with an additional 15.2 million homes deemed structurally inadequate or substandard.

The economic cost is staggering, valued between N21 trillion and N59 trillion, while soaring construction costs—cement alone now costing around N12,000 per bag—push quality housing further out of reach.

Middle-Class Strain

The crisis is no longer confined to low-income families. Even university lecturers and middle-class workers are struggling. In Lagos, about 40% of lecturers reportedly sleep in their offices due to exorbitant rents, with two-bedroom apartments in Akoka renting for N3.5 million per year.

Rapid urbanisation, overcrowded city centres, and rising rents are leaving families crammed into small, less dignified apartments, while rural communal shelters offer only temporary relief.

Policy Failures and Demolitions

Current government approaches, including forceful demolitions in slum communities like Makoko and Oworonsoki, often worsen the problem, displacing residents without credible resettlement plans.

Experts suggest adopting structured reforms and targeted interventions, similar to measures in Kenya, to create mixed-income communities and sustainable housing solutions.

Solutions for Urgent Action

Recommendations include:

• Upgrading slums instead of demolitions
• Promoting affordable, locally sourced building materials
• Reimagining urban planning to decongest city centres and develop well-serviced suburbs
• Improving mortgage accessibility for developers and individuals

The housing crisis is no longer a distant policy issue—it is a daily reality affecting millions and a test of Nigeria’s willingness to protect its citizens’ dignity.

The post 14.9 Million Homes Missing: Nigeria’s Housing Shortage Becomes a Daily Struggle appeared first on Housing TV Africa.

The post PH Airport City Set to Transform High-End Housing and Drive Economic Growth in Rivers State appeared first on Housing TV Africa.

The Federal Government has handed over 100 two-bedroom energy-efficient homes to widows in Rigachikun, Kaduna State, under the Family Homes Funds Limited (FHFL) Social Housing Programme.

The project, which features urban farming spaces and solar-powered systems, was designed to promote sustainable living and economic empowerment among vulnerable women.

Speaking during the handover, FHFL Chairman Demola Adebise said the initiative represents “renewed hope and restored dignity” for beneficiaries. He noted that the development integrates home ownership with skills training, livelihood support, and climate-smart construction.

The project began when the widows collectively offered their land and sought government partnership to build affordable homes. The collaboration, according to officials, resulted in a model for inclusive housing delivery and empowerment.

Each home was constructed using Expanded Polystyrene System technology, cutting costs and carbon emissions by up to 40 percent. In addition, beneficiaries received livelihood training and cottage yards for food processing and income generation.

Managing Director of FHFL, Abdulmuttalib Mukhtar, described the scheme as proof that effective collaboration between citizens and government can drive measurable social change.

Minister of Budget and Economic Planning, Senator Atiku Bagudu, said the project aligns with President Bola Tinubu’s Renewed Hope Agenda, aimed at inclusive growth and tangible development outcomes.

Kaduna State Governor, Senator Uba Sani, commended the initiative as a model of people-centred governance, saying it created over 500 jobs during construction while providing affordable housing for 100 families.

The project was executed in partnership with the National Agency for Science and Engineering Infrastructure (NASENI) and the Kaduna State Government.

The post FG Hands Over 100 Energy-Efficient Homes to Widows in Kaduna appeared first on Housing TV Africa.

The call came during the company’s inaugural board meeting held in Lagos, where key figures gathered to set a new agenda for sustainable housing development in the country.

Dr. Akin Akinpelu, a member of the board, emphasized that Nigeria’s housing crisis cannot be ignored if the country hopes to make economic progress. He argued that the solution lies in providing not just shelter, but affordable, secure, and long-lasting housing options for the Nigerian people. “Bridging the housing deficit is a critical piece of navigating our economic challenges,” Akinpelu said. “We need a framework that supports sustainable development something more than temporary fixes.

He added that the real estate sector is facing significant structural and policy hurdles, which must be addressed through a united front of courage, clarity, and commitment by both the government and private stakeholders. Akinpelu stressed the importance of developers stepping up to play an active role in solving the problem, not just profiting from it.

Also in attendance were respected figures such as Col. Kayode Ajibade, labour leader Mrs. Funmi Sessi, Mrs. Lolade Alli, Mr. Eizu Uwaoma, and Reftop’s Chief Executive, Dr. David Assogba. The meeting marked a turning point in the firm’s drive toward transformative action, setting the tone for deeper engagement with national housing issues.

With the demand for affordable homes growing by the day, Reftop’s message is clear: the time for talk is over—decisive, collective action is now the only way forward.

The post Real Estate Giant Sounds Alarm: Nigeria’s Housing Crisis Needs Urgent Action appeared first on Housing TV Africa.

Ghana’s housing sector is opening up major investment opportunities  and the private sector is being called to take full advantage.

This message came from the Minister for Works, Housing and Water Resources, Mr. Kenneth Gilbert Adjei, in remarks delivered on his behalf at the recent Ecobank-JoyNews Habitat Fair.

Speaking through Mr. Prosper Hoetu, CEO of the National Homeownership Fund, the Minister highlighted how Ghana’s rapid urbanization is driving the need for new homes, modern infrastructure, and flexible financing systems.

Housing Demand Rising, But Delivery Still Struggles

Ghana’s urban population now stands at 59%, and it’s growing by about 3.3% each year. This increase has brought with it a spike in housing demand, but the system hasn’t kept up  especially for low- and middle-income families.

The most recent population census puts the housing deficit at 1.8 million units, a reduction from the previous 2.8 million. However, another issue remains: nearly 13% of homes in Ghana are vacant, showing a serious mismatch between what people need and what’s being built.

“The homes are there, but they’re often not affordable or fit for purpose,” Mr. Adjei noted.

Government’s Vision: Affordable Homes for All

The Minister said the government is putting affordable housing at the center of its national development plans. The goal? To make sure every Ghanaian has access to safe, decent, and affordable housing — not just the wealthy few.

He emphasized a practical strategy that includes:

• Faster land acquisition processes

• Smarter contracting and infrastructure

• Stronger access to funding through public-private partnerships (PPPs)

The plan is designed to create a housing market that truly meets the needs of working Ghanaians.

 A Message to Investors at Home and Abroad

Mr. Adjei also spoke about the upcoming District Housing Programme, a national initiative that will spread housing projects across the country. It aims to serve not just locals, but also Ghanaians in the diaspora who want to own homes in their hometowns, including gated communities.

“This is a solid opportunity for the private sector to step in,” he said.

 Teamwork Will Drive Results

He added that successful execution depends on unity across the board  including financial institutions, government agencies, private developers, and the public.

“It’s not just a government job,” he stressed.
“It will take all of us  our ideas, investments, and energy  to make this happen.”

 Key Takeaways:

• Ghana’s urban housing demand is climbing fast

• 1.8 million-unit housing deficit remains a challenge

• Nearly 13% of existing homes are vacant  showing poor market alignment

• Government is focused on affordable housing through PPPs and district projects

• Diaspora-targeted communities are in the pipeline

• Private investors have a big role to play in closing the ga

The post Ghana’s Housing Boom: Private Investors Urged to Seize Golden Opportunity appeared first on Housing TV Africa.

Commissioner for Information, Youth, Sports and Culture, Mr. Sagir Musa, made this known after the State Executive Council meeting held in Dutse. He said the project is in line with Governor Umar Namadi’s commitment to inclusive development and improved urban planning.

The housing units are part of Phase II of the state’s Mass Housing Estate initiative. The plan includes a mix of three-bedroom detached and two-bedroom semi-detached units, all enclosed with perimeter fencing for security and privacy.

The project will cover Babura, Birnin Kudu, Dutse, Gumel, Hadejia, Kafin Hausa, Kazaure, Maigatari, and Ringim.

According to the commissioner, the initiative will not only improve housing access but also create jobs and stimulate the local economy through construction activities and demand for materials.

Nigeria currently faces a housing deficit of around 28 million units. The Minister of Housing and Urban Development, Arc. Musa Dangiwa, recently noted that more than 75% of the country’s 42 million homes are substandard, with a large portion of the population living in informal settlements.

To tackle this, the Federal Government launched the Renewed Hope Cities and Estates programme in 2024. The initiative aims to deliver 100,000 homes nationwide, with flexible ownership options such as single-digit mortgage loans, rent-to-own models, and full purchase plans.

In April 2025, the government also announced an additional 77,400 housing units. Of these, 80% will be allocated to low-income earners who can pay gradually using one-third of their monthly income.

Despite these efforts, the Housing Minister has called for a minimum annual allocation of ₦500 billion to the sector. He said meeting the goal of 550,000 new homes each year over the next decade would require ₦5.5 trillion annually making the proposed budget less than 10% of what is needed.

The post Jigawa Approves ₦19.6 Billion for New Housing Projects in Nine LGAs appeared first on Housing TV Africa.

Chancellor Rachel Reeves revealed the plan during the recent spending review, calling it the largest funding move for social housing in 50 years.

The plan aims to support Labour’s goal of building 1.5 million homes in five years. Reeves said £10 billion will go through Homes England to help bring in private investors. This, she explained, should unlock hundreds of thousands of new homes.

Since Labour took office last year, construction has slowed. Housing projects have dropped more than any other sector. Deputy Prime Minister Angela Rayner blamed the issue on what she called a poor legacy from the last government. She admitted the current housing goal will be tough to meet.

Experts believe the UK could miss its target by about 25% this year. One reason is the pressure on housing groups that usually buy affordable units from private builders. Rising interest rates have increased their debt costs, forcing them to scale back. A February survey from Knight Frank showed 80% of developers are struggling to find buyers for these affordable homes.

Still, the new plan promises change. By 2029–30, the government expects to spend £4 billion a year on affordable housing. That’s nearly double what it spent over the past five years. Starting next year, rent increases in social housing will be capped at the inflation rate plus 1%.

Many in the property sector welcomed the move. Justin Carty of CBRE said the funding gives the sector a much-needed boost. But he also warned that planning rules and delivery delays still stand in the way of real progress.

With this new push, the government hopes to speed up building, help more people find homes they can afford, and fix one of the country’s biggest problems.

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