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According to the Authority, some of the main reasons behind the failures include failure to follow building standards, inadequate supervision by professionals, poor workmanship and the use of substandard construction materials.
Speaking on Radio Generation on Thursday, Mokua said this was evident in areas such as housing, where poor planning and weak oversight could expose residents to unhealthy living conditions.
The bond was divided into two tranches. One raised $900 million (about Sh116 billion), carrying an interest rate of 7.9 per cent and maturing in 2034. The second raised $1.35 billion (about Sh174 billion), carries an interest rate of 8.7 per cent and will mature in 2039.
The President said elections should never be treated as a matter of life and death, adding that leaders have a responsibility to promote national cohesion instead of deepening divisions for political gain.
According to the SACCO Societies Regulatory Authority (SASRA) Quarterly Statistical and Soundness Report released by The Sacco Regulator on Monday, for the period ending March 2026, lending to the land and housing sector remained the largest credit segment, accounting for Sh33.74 billion of the Sh115.73 billion advanced across all economic sectors
Members of Parliament raised concerns during House proceedings, saying a number of projects launched in their constituencies have failed to progress as expected despite continued collections under the Housing Levy.
Mudavadi said conflicts in different parts of the world, including the Middle East and Eastern Europe, are continuing to affect Kenya through higher fuel prices and increased transport costs, putting pressure on public spending.
Data from the State Department for Housing and Urban Development shows that only 292,326 Kenyans had signed up on Boma Yangu by the end of June, far below the government’s target of 565,800. This reflects a lukewarm response to President William Ruto’s flagship housing project, intended to provide affordable homes across the country.
As of late 2025, the Ruto administration's Affordable Housing Programme (AHP) has between 140,000 and 161,911 units in various stages of construction across 44 counties, with 3,171 units reported as complete and handed over to beneficiaries.
The push by governors adds a new layer to the national housing agenda, which is one of the key pillars of the current administration. They say the model, as it stands, puts counties at a disadvantage because they part with valuable land but do not get a clear return once the housing units are completed and handed over to private owners.
The SRC circulars advised counties to provide official residences or lease houses at a rent not exceeding Sh185,000 in Nairobi, Mombasa, and Kisumu, and Sh90,000 elsewhere.
Under the programme, the Affordable Housing Board will retain ownership of the houses for the first nine years, overseeing their upkeep and ensuring the developments gain value over time.