By Treezer Michelle Atieno
Kisumu has launched the ambitious Anderson Affordable Housing Project, worth Sh5 billion, to address the demand for affordable housing and stimulate economic growth. The project is a collaboration between the Local Authorities Pensions Trust (Laptrust), the County Pension Fund (CPF), and the Kisumu government.
The groundbreaking ceremony, attended by Kisumu Governor Anyang’ Nyong’o and CPF Group CEO Hosea Kili, marks a significant milestone in the city’s development. The Anderson Affordable Housing Project aims to cater to Kisumu’s growing population, with over 1,200 housing units planned across two phases.
Governor Nyong’o emphasized the project’s role in enhancing the city’s urban landscape and meeting the housing demand. “Housing is not just a basic need but a cornerstone for economic development and social stability,” he remarked. He highlighted the urgent need to bridge the gap between housing demand and supply in urban areas.
The housing units, ranging from one-bedroom to three-bedroom apartments, are designed to blend modern living standards with panoramic views of the Nandi escarpments and Lake Victoria. This integration of natural beauty aims to promote resident’s physical and mental well-being.
Moreover, the project will generate employment opportunities for Kisumu residents. Governor Nyong’o stressed the importance of local participation, from skilled labour to auxiliary services, in the project’s execution. He affirmed the commitment to ensuring that local communities benefit directly from the economic opportunities brought about by this development.
Hosea Kili of CPF Group echoed these sentiments, emphasizing the project’s alignment with their mandate to foster sustainable and inclusive communities. “The Anderson Affordable Housing Project exemplifies our commitment to leveraging pension funds for impactful investments that benefit our members and the broader society,” Kili noted.
In addition to addressing housing shortages, the project promises to enhance urban infrastructure with commercial spaces, recreational facilities, and healthcare services. Ngumbi Road, the artery leading to the development site, will undergo upgrades to improve accessibility and safety, further enhancing the quality of life for residents.
Looking ahead, stakeholders anticipate that the Anderson Affordable Housing Project will set a precedent for urban development in Kenya, showcasing innovative solutions to housing challenges while catalyzing economic growth. Construction will commence immediately, with completion expected within 24 months.
