By Eric Akasa
Jamii Bora Makao (JBM), a low income
housing company managed by Urbanis Africa, has recently announced that it has
signed a partnership agreement with Housing Finance.
The partnership will enable Housing Finance corporate
clients’ employees to acquire houses from JBM and offer mortgage financing to
buyers.
Housing Finance has recently entered
the real estate agency business through its property sales arm named, Property
Point, which will implement this partnership.
“The Housing Finance deal opens the
affordable housing market to mortgage providers. The approach of sales to
corporate clients is both innovative and convenient to the client. Corporations
can now offer houses to employees of all levels of income,” says Mr. Wagane
Diouf, JBM chief executive officer.
The deal is pegged to JBM’s latest development, Kisaju View
Park project in Isinya, which comprises 2,000 housing units selling from KSh1.5
million to KSh4.9 million. The houses are being bought through the off plan
model, where buyers can opt for a stretched payment schedule as construction
progresses.
According to Mr. Diouf, the partnership is a major boost for
home buyers. More so, those buyers looking for modern and affordable houses on
the outskirts of Nairobi for residential purposes or as an investment. Under
the arrangement, JBM will have access to a wide client base held by Housing
Finance, the leading home loans lender in the country.
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