500,000 Affordable Homes Program Ho Housin ing g Port rtal al - PowerPoint PPT Presentation

500,000 Affordable Homes Program Ho Housin ing g Port rtal al Overview rview February 2019

HOUSING SING PORTAL Overview – Demand consolidation • The Housing Portal is a platform that connects individuals to the Affordable Housing Program & Housing Fund • Provides real live evidence of demand aggregation to strategic partners of the AHP • Will make the National Tenant Purchase Scheme more accessible online • Facilitates allocation of homes through a ballot- based system • It will accept payments • Will be accessible through a variety of platforms including: USSD, mobile app, mobile web, and web portal Aug-19 CONFIDENTIAL 2

HOUSING SING PORTAL Individual Registration • The system registers aspiring home owners & will allow them to make contributions into their wallets in the Housing Fund • Registration Options: 1. Web-based • Visit www.bomayangu.go.ke 2. Huduma Centres – with web- enabled stations that allow: • Registration • Update of Details • Upload of KYC documents • Call Centre: 0206900020 Aug-19 CONFIDENTIAL 3

HOUSING SING PORTAL Fair and Transparent Allocation Allocat catio ion Move e In 06 • Preference of location and housing 05 • TPS/Mortgage/ Cash Sale typology available • Sign Agreements • 12.5% Deposit Saved Qualif lific ication ion 04 Contribut ibutio ions • KRA registered 03 • Continuous saving • Statutory & Voluntary • Need assessment • Savings for Deposit Regist stra rati tion 02 • Online Portal • Provide all personal details 01 Pre-Qua Quali lifica ficatio tion • ID Verification • Income Verification • Credit Profile Aug-19 CONFIDENTIAL 4

HOUSING SING PORTAL Allocation Procedure & Process • This information will be used to • Allocation will be conducted determine grou oups ps to place through a tran ansparen sparent t and unbiase sed d process with no human individuals interference • The groupings will then have • Potential home buyers will be draws aws from which individuals will required to regis ister ter on the be awarded their homes Housing Portal • Objective of grouping individuals • During registration individuals is to ensure that housing projects will provide details such as have dive vers rsity ity within • Marital status communities, so avoid selection • Monthly income of only one type of family or that • Do they have children, etc. only very vulnerable families are selected in a particular settlement Aug-19 CONFIDENTIAL 5

HOUSING SING PORTAL Allocation Procedure and Process • In order to be eligi gible le and • It also allows for balancing of considered for a draw, a scales among those who have registered user must have: the most t need – eg: low • a complete profile on the income single parent with four Housing Portal children => social housing • Have been making bracket consistent contributions to • It allows for housing projects to their online wallets for at cater to speci cial al groups ps least six months • Police officers, • Accumulated 2.5% of the • Doctors & nurses, value of the home they wish • Disability, etc. to purchase, Aug-19 CONFIDENTIAL 6

HOUSING SING PORTAL Allocation Grouping Example – Income Range Social Housing ng Low Cost Housing ng Mortga gage ge Gap Mortga gage ge Market et Incom ome e Range nge KES 0 – 20,000 KES 21,000 – 59,999 KES 60,000 – 149,999 KES +150,000 (monthl hly) Tax Regi gistrat ration on Unlikely to have tax Some probability of tax Likely to have tax More likely to be tax registration registration registration registered Unbanked or solely on Mix of traditionally banked Banked Banked Bank nked ed mobile money and mobile banking only users Trans nsaction on Histor ory Less visible transaction Somewhat visible Visible transaction history Highly visible transaction history transaction history history Capa pacity ty for Savings ngs Low capacity for savings Some capacity for savings Decent to good capacity Better capacity to save towards housing to save towards housing towards housing contributions contributions Purcha hase e Profile Best candidates for TPS Mixed candidates: TPS & Good candidate for low Best candidate for low Mortgage interest mortgage interest mortgage Aug-19 CONFIDENTIAL 7

HOUSING SING PORTAL Strategic Partners Access to • • Online registration Overview of demand • • Property Developers Customer profiles by category • • Financial Institutions/Investors • Land owners • User access • Ability to upload: • Descriptions of Projects • Breakdown of housing typologies • Price points per type • GIS/Mapped locations • Images – incl. renderings, floor plans • Financial Products offering Aug-19 CONFIDENTIAL 8

www.bomayangu.go. ke Disclaimer mer: The purpose of this Presentation is to provide recipients with information on proposed program approach for the 500,000 Affordable Homes Program. This presentation is subject to change as the development framework is challenged and subjected to stakeholder engagement and market sounding.