Vice President William Ruto on Sunday, June 6, promised to build rent-to-own homes that would allow young people to become homeowners by paying as little as KSh 5,000 in rent.
Speaking at a rally in Uthiru, Kiambu County, Ruto said he had identified developers who would build affordable units that Kenyans would mortgage and maintain through monthly rent.
He added that unlike the conventional mortgage which required Kenyans to access bank loans, the cost of the house would be fully covered by the rent paid over a period of time.
Vice President William Ruto addresses Uthiru supporters on Sunday, June 5, 2022.
“We will partner with property developers to build affordable houses for the youth. In this way, the tenant who pays rent between Ksh 5,000 and Ksh 10,000, the money will be converted into a mortgage.
“After about 10 to 15 years, the house will be in your name because we want to have a program where young people can own houses across the country,” Ruto explained.
The DP believed the time had come to break the impasse where home ownership was a preserve for the elderly and well-to-do in society. He vowed to turn jua kali into a fully functioning manufacturing industry.
The UDA presidential candidate was accompanied by his running mate and MP for Mathira Rigathi Gachagua who mobilized support for the party leader while asking residents to reject Azimio presidential candidate Raila Odinga during the August 9 elections.
Gachagua, while addressing security details at the rally, reiterated the promise that the Ruto government would meet some of the police officers’ needs. However, he pointed out that in return, officers should be nice to people.
“We want to add their salaries and allowances so that they too can go to school, get degrees and get jobs. But they should be fair so that while we increase their salaries, they should allow people to lead their activities freely,” he noted.
“We make sure that if a policeman finds you at night, he puts you in his vehicle. However, he must not drive you to the station but to your home,” added the MP.
Ruto’s allies played down Odinga’s clearance to run for president by the Independent Electoral and Boundaries Commission (IEBC). They promised to give the former Prime Minister a real political battle for the next 60 days.
While receiving clearance from the IEBC on June 4, the DP called on the commission to ensure that the electoral process was free, fair and verifiable. On the other hand, he asked his supporters to do everything to protect him from unnecessary sideshows.
Vice President William Ruto (left) and his running mate Rigathi Gachagua at the Bomas in Kenya on Saturday, June 4, 2022