<p>"<strong>Boma Yangu</strong>" is a program in Kenya that is part of the Affordable Housing Program (AHP) under the Big Four Agenda of the Kenyan government. This initiative was established with the aim of making housing more accessible and affordable for Kenyans. The program seeks to facilitate the development of decent and affordable homes for sale at low prices to the contributors of the fund. It is designed to be inclusive, providing financing models that enable people to own homes without the need for a mortgage.<br><br><strong>Key features often include:</strong><br>- Low-cost housing options for Kenyan citizens.<br>- A points-based system to allocate houses fairly, with points accumulated based on the contribution period and other factors.<br>- A transparent application and allocation process.<br>- An online platform where Kenyans can register, apply for houses, track their application, and make contributions.<br><br>The "Boma Yangu" platform is a collaborative project involving various stakeholders, including the government of Kenya, financial institutions, and private developers, aiming to reduce the housing deficit in the country and ensure that more Kenyans can own homes.<br><br>If you're considering participating in the "Boma Yangu" program or have legal inquiries related to housing and property ownership in Kenya, feel free to discuss your concerns for personalized guidance.&nbsp;</p><p><br></p><p>As a prospective homebuyer interested in the Boma Yangu Affordable Housing Program in Kenya, there are several key things you should be aware of:<br><br>1. <strong>Eligibility Criteria:</strong> You must be a Kenyan citizen over the age of 18 and have a valid national ID to register for the program.<br><br>2. <strong>Contribution</strong>: To participate, you need to make a monthly contribution towards the program. The minimum monthly contribution was set at KES 2,500, but you can contribute more to increase your chances of being allocated a house.<br><br>3. <strong>Points System:</strong> The allocation of houses is based on a points system. Points are awarded based on various factors, including the length of time you have been contributing and family size.<br><br>4. <strong>Online Portal:</strong> Registration and all subsequent transactions, including making contributions and tracking your points, are done through the Boma Yangu online portal.<br><br>5. <strong>Type of Houses:</strong> The program offers different types of houses, including apartments and standalone units, to accommodate different family sizes and preferences.<br><br>6. <strong>Affordability</strong>: The prices set for the houses are below market value to enhance affordability. The government subsidizes part of the cost to keep prices low for contributors.<br><br>7. <strong>Mortgage and Financing Options</strong>: There are several financing options available for contributors to purchase their homes upon allocation. These may include mortgage plans and tenant purchase schemes among others.<br><br>8. <strong>Transparency and Fair Allocation</strong>: The program promises transparency and a fair allocation process for all registered members without favor or bias.<br><br>9. <strong>Commitment Requirement</strong>: Once you've been allocated a house, you are required to continue making payments towards the house as per the agreed terms.<br><br>10. <strong>Location of Houses:</strong> The program has various locations where the houses are being constructed. You should be informed about where the developments are situated and whether they suit your personal preferences and needs regarding location.<br><br>Before proceeding, it’s advisable to do your due diligence, including understanding the terms and conditions, reviewing the legal documents provided during the application process, and possibly consulting with a legal advisor to ensure that all your rights as a homebuyer are safeguarded.<br><br>Remember that the specifics of the program can change with policy updates, so it would be prudent to check the latest information from the official Boma Yangu website or through authorized government channels.</p>