NCBA BANK THROUGH PARTNERSHIP TO OFFER AFFORDABLE MORTGAGE FINANCING

NCBA partner with Mi Vida to offer affordable mortgage financing.

 

 

By Douglas Muriithi

 

NCBA Bank partnered with fully capitalised developer, Mi Vida

homes to provide mortgage finance for the purchase of apartment

units at their Garden City project.

The units being financed will include 1, 2-and 3 bedroom

apartments with prices ranging from Kshs. 8.8 to 16.7 million. Phase

One construction is very advanced with completion due in March

2022.

Commenting on the signed Memorandum of Understanding (MOU),

NCBA Head of Property Finance Stella Mutai noted that NCBA Bank

is committed through partnership with institutions, to facilitate

affordable long-term mortgage financing thus supporting the

agenda of delivering affordable housing to Kenyans by participating

in both the supply and demand side.

‘’NCBA is seeking to partner with credible developers who have a

notable real estate portfolio locally and internationally and are able

to deliver quality middle-income homes on time, in line with Vision

2030, and the governments agenda of offering affordable Housing to

Kenyans.” she said.

On his side, Mi Vida homes CEO Chris Coulson said ‘’Our aim at Mi

Vida is to address the shortage of middle-income housing that

families can afford, by delivering a minimum of 3,000 units over the

next five years that boast innovative design, modern engineering,

trusted construction, quality materials and finishes and of course on

time delivery. ‘’

Mi Vida’s project at Garden City, is a first of its kind with the

development cantered on green space and family living. Launched

in 2019, the project is 50% sold, under construction and on course to

be complete by Q1 of 2022.

NCBA customers will further be able to take advantage of property

financing to invest in current and future Mi Vida projects.