FACILITATIVE ROLE OF CURRENT REGULATIONS ON ACCESSING HOUSING BY HOUSEHOLDS IN NAIROBI COUNTY THROUGH DIFFERENT HOUSING MODELS
Abstract
Purpose of Study: This research aimed to evaluate the impact of current regulations on housing access for households in Nairobi County, focusing on various housing models. The study was conducted in Ruai Sub-Location, Ward of Kasarani Sub County, Nairobi County.
Statement of Problem: Access to affordable housing in Nairobi County is a significant challenge, influenced by government regulations, market forces, and social equity. This study investigates how current regulations either facilitate or hinder housing accessibility in this region.
Methodology: A mixed-methods approach was used, combining descriptive research design with both qualitative and quantitative data collection methods. In-depth interviews were conducted with key stakeholders, including officials from housing financing organizations, government representatives, and heads of households in Ruai Sub-Location.
Findings of the Study: The study revealed complex dynamics between current regulations and housing models in Ruai, Nairobi County. Key stakeholders like the Kenya Mortgage Refinance Company, National Housing Cooperative Union, and Housing Finance Company of Kenya play essential roles in housing finance and solutions. Challenges identified include high construction costs and land governance issues, necessitating streamlined regulatory processes.
Conclusion: The study concludes that current regulations and stakeholder involvement are critical in shaping housing access in Ruai, Nairobi County. Collaborative efforts among financial institutions, government bodies, and housing cooperatives are vital.
Recommendation: The study recommends regulatory simplification, increased financial education, and ongoing advocacy for supportive policies to enhance housing accessibility in Nairobi County. These measures are expected to address the housing crisis and improve the quality of life for residents.
Keywords: Housing Models, Housing Regulations, Mortgage, Cooperative, Affordability
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