NATIONAL HOUSING CORPORATION

What NATIONAL HOUSING CORPORATION does

National Housing Corporation (NHC) is a statutory body established in 1953 by Act of Parliament Cap. 117 and wholly owned by the Government of Kenya, mandated as the principal implementing agency for the country's public housing policy and currently tasked with delivering against a 150,000-units-per-year government objective. NHC develops and sells residential housing across 15+ Kenyan towns (including Nairobi, Mombasa, Nakuru, Kisumu, Kericho, Siaya, Maralal, Kakamega, Nyeri, and Meru), operating through 7 regional offices plus an EPS panel manufacturing facility in Mavoko, Machakos County, with a staff of 107.

NHC's product portfolio spans residential units (bedsitters through 3-bedroom apartments, priced KES 2.47M to KES 10.4M), mixed-use developments with commercial leasing (Meru and Nyeri), and office space at NHC House in Nairobi CBD. The company's core technical differentiator is its proprietary EPS (Expanded Polystyrene) panel technology, manufactured in-house since 1996, which combines an insulating polystyrene core with galvanized steel mesh and shotcrete to deliver up to 30% cost savings and 8-12 week build times versus traditional brick-and-mortar construction. EPS panels are sold both internally for NHC projects and externally to third-party builders. The corporation is ISO 9001 certified and led by Managing Director/CEO QS. David Mathu Njuguna, MBS.

NHC's business model combines one-time property sales (outright purchase or long-duration tenant purchase with 10% down payment and 10-20 year financing at 10-13% revisable interest), recurring commercial and office rental income, hardware sales of EPS panels, and professional services through a Public Private Partnership (PPP) framework that targets corporate land owners, financial institutions, construction technology providers, and diaspora investor groups (minimum 30-unit schemes). Distribution combines direct field sales through regional offices, a self-serve website and NHC Mobile App, e-Citizen payment integration, and partnership-driven channel development. The end customer base is dominated by individual Kenyan homebuyers (Wananchi) seeking affordable housing finance, with secondary segments including commercial tenants, diaspora groups, and government ministries.

Name

NATIONAL HOUSING CORPORATION

Legal name

National Housing Corporation of Kenya

Website

https://nhckenya.go.ke

Company type

Private

Founded year

1953

Operating status

Operating

Headcount range

101–250 employees

Short description

National Housing Corporation (NHC) is Kenya's government-mandated statutory body that develops, sells, and rents affordable residential and mixed-use housing across 15+ Kenyan towns, using proprietary EPS panel technology to deliver lower-cost, faster-built homes via tenant purchase and outright sale financing.

Ownership category

akta.pro rank

Product category

Public Affordable Housing Development

NAICS

Lessors of Residential Buildings and Dwellings (53111), New Multifamily Housing Construction (except For-Sale Builders) (236116), New Housing For-Sale Builders (236117), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)

SIC

Operators Of Apartment Buildings (6513), Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Residential Affordable Housing Development & Construction (IMAFABAI)

akta.pro secondary industries

Multifamily (Apartment) Property Management (BPAJAGAD), Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB), National Housing Finance Agencies & Ministries (FSALAKAB), Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

Keywords

• Affordable housing development
• Public housing financing
• Residential property sales
• Commercial real estate leasing
• Construction technology manufacturing

Headquarters

HQ city

Nairobi

HQ country

Kenya

HQ region

Africa

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Property Sales - Residential Units: NHC sells residential apartments directly to the public through tenant purchase terms (10% down payment, balance over 10-20 years at revisable interest rates of 10-13%) or outright purchase terms. Units range from bedsitters to 3-bedroom apartments across multiple locations in Kenya with prices from KES 2.47M to KES 10.4M per unit.
2. Commercial Space Leasing: NHC leases commercial and retail spaces at mixed-use developments. Rental prices are quoted per square foot plus VAT and service charge. Examples include Meru Mixed-Use Development offering up to 3,878m2 of prime commercial space at KES 75-116 per sq.ft.
3. Office Space Rental: NHC rents office spaces at NHC HOUSE in Nairobi CBD, with spaces available from KES 80-110 per square foot plus VAT and service charge. Multiple floor sizes are offered from 175 sq.ft. to 4,133 sq.ft.
4. Tenant Purchase Loan Financing: NHC provides housing financing through tenant purchase schemes where buyers pay 10% deposit and the balance over 10-20 years at annual interest rates of 10-13%. NHC manages these loan portfolios and collects repayments.
5. EPS Panel Sales: NHC manufactures and sells EPS (Expanded Polystyrene) building panels directly from its factory in Mavoko, Machakos County. Customers can purchase panels for construction projects, with orders processed and goods available within three working days of payment confirmation.
6. Consultancy Services: NHC provides technical know-how and consultancy services in housing development to partners and clients. This includes design, project management, and implementation support for housing schemes.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels8 records

Core offering

National Housing Corporation develops, sells, and rents residential housing units (bedsitters to 3-bedroom apartments) across multiple Kenyan towns under tenant purchase (10% deposit, 10-20 year financing) and outright purchase terms. The corporation also develops and leases mixed-use and commercial spaces, manufactures and sells EPS (Expanded Polystyrene) building panels from its Mavoko factory, and offers housing development consultancy services under PPP frameworks.

Product overview

National Housing Corporation (NHC) is Kenya's principal government agency for housing policy implementation, operating as a statutory body established under Act of Parliament Cap. 117. NHC's product portfolio centers on residential and mixed-use property development across Kenya, offering units for sale through tenant purchase schemes and outright purchase, as well as commercial space rentals. The core housing products include multiple ongoing projects across major Kenyan towns (Kericho, Siaya, Maralal, Kakamega, Nakuru, Kisumu, Mombasa, Nairobi). NHC also offers innovative EPS Technology building panels for cost-effective construction, an NHC Mobile App for digital service access, and a Public Private Partnership framework for housing development collaborations. The company provides financing through tenant purchase schemes (10% deposit, balance over 18-20 years) and offers consultancy services for housing development.

Differentiator

Problem solved

Functional benefit

Products and services

• NHC Meru Mixed Use Development Mixed-use development located off Meru-Nanyuki Road in the Milimani (Tuntu) area of Meru Town, comprising residential apartments and prime commercial space offering up to 3,878m2 for lease. Target customers are anchor tenants and retail occupiers seeking commercial space in growing urban centers.
• NHC Nyeri Mixed Development Mixed-use development in Nyeri town along Kimathi Street comprising commercial and residential units available for both sale (starting KES 8,763,000 for 2BR) and rental (starting KES 20,000/month for 2BR). Serves both individual homebuyers and commercial tenants.
• NHC House Office Space Office spaces available for rent in Nairobi CBD along Aga Khan Walk, offering various floor sizes from 175 sq.ft. to 4,133 sq.ft. at rental prices from KES 80-110 per square foot plus VAT and service charge. Serves corporate and professional tenants seeking CBD office locations.
• EPS Technology (Expanded Polystyrene Panels) Factory-engineered building panels comprising two metal wires bonded to a fully insulating EPS core, covered with concrete (shotcrete) to create solid walls, floors, and flat roofs. Saves up to 30% on construction costs and reduces build time to 8-12 weeks for a 3-bedroom house. Manufactured at NHC's Mavoko factory and sold directly to construction companies, contractors, fundi, and developers.
• NHC Residential Housing Projects Residential housing developments across multiple Kenyan towns (Kericho Phase 1, Siaya Phase 1, Maralal Phase 1, Amalemba Kakamega, Olympic View Kibera, Changamwe Phase III, Nakuru MUD, Kisumu Kanyakwar Phase III, Stoni Athi Economy II, Stoni Sector 2A) offering bedsitters, 1-bedroom, 2-bedroom, and 3-bedroom apartments for sale on tenant purchase terms (10% deposit, balance over 18-20 years at 10-13% interest) or outright purchase. Targets individual Kenyan homebuyers seeking affordable homeownership.
• Housing Development Consultancy Services Technical know-how and consultancy services in housing development and the built environment provided by NHC to corporate partners, government entities, and clients. Includes design, project management, implementation support, and advisory for housing schemes. Partners bring financial resources, land (minimum 5 acres), or cost-effective construction technology while NHC provides technical expertise and government backing.

Quantifiable outcome

• 30% cost savings on materials, labor, and time compared to traditional brick-and-mortar construction using EPS technology
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Corporate Land OwnerscoreStrategic or Co-development PartnerNHC facilitates acquisition of land suitable for housing development while partners mobilize financial resources. Minimum land size of 5 acres required, preferably in urban/peri-urban centers. Partners provide capital for land acquisition while NHC handles project development and management.
• Construction Technology ProviderscoreTechnology or IntegrationPartners bring cost-effective housing construction technology for NHC projects. NHC provides implementation framework and market access for innovative building technologies. The corporation has been using and promoting EPS technology and is open to other proven cost-effective construction methods.
• Public Private Partnership (PPP) PartnerscoreStrategic or Co-development PartnerNHC facilitates interested corporate entities to help realize the government objective of building 150,000 units per year through PPP arrangements. Engagements include joint ventures, PPPs, and consultancy services in built environment. NHC provides technical expertise, project management, and government backing.
• Consultancy Service ProvidersminorImplementation/ SI/ Consulting PartnerNHC offers consultancy services in built environment and also partners with external consultants for specialized services. The corporation has in-house architects and engineers while collaborating with external professionals for EPS technology adoption and other specialized requirements.
• Kenyans in Diaspora GroupscoreStrategic or Co-development PartnerNHC develops houses for groups with specifications provided by diaspora Kenyans. Minimum scheme size of 30 units. NHC packages and delivers housing schemes on behalf of diaspora investors who provide specifications and financing.
• Government Ministries and TreasurycoreStrategic or Co-development PartnerNHC's Board includes Principal Secretary from State Department for Housing and Urban Development and Cabinet Secretary for Finance. The corporation is a statutory body under the Ministry and receives government support for housing policy implementation.
• Local AuthoritiesminorStrategic or Co-development PartnerNHC has historically assisted Local Authorities in building decent affordable houses through various schemes including Tenant Purchase, Outright Sale, Rural and Peri-Urban Housing Loans and Rental Housing. Local authorities provide land and community access while NHC provides technical expertise and financing.

Scale indicators6 records

Recent moves6 records

Expansion highlights7 records

Others

• African Development Bank (AfDB): Continental development finance institution funding affordable housing programs across Africa including direct lending and technical assistance to national housing agencies. Comparable as a capital and technical assistance provider supporting affordable housing delivery at scale.
• Knight Frank Kenya: Major international real estate consultancy with a strong Kenyan presence offering property sales, leasing, valuations, and advisory services. Adjacent to NHC's property operations as a service provider and competitor in commercial property leasing and property management.
• International Finance Corporation (IFC): World Bank Group member focused on private sector development in emerging markets, with significant affordable housing finance and technical assistance programs across Africa. An enabler and capital provider that complements rather than competes with NHC, often partnering with similar national housing agencies.

Broad incumbents

• Centum Investment Company: East Africa's largest investment company with a significant real estate arm (Centum Real Estate) developing Two Rivers and other mixed-use developments. A broader incumbent operating across multiple asset classes including property development competing with NHC's mixed-use developments.
• National Social Security Fund (NSSF) Kenya: Kenya's statutory social security provider with significant real estate investments including housing and commercial property development. A broader institutional incumbent with similar statutory government mandate, competing with NHC for prime urban land and development opportunities.

Direct peers

• Federal Mortgage Bank of Nigeria (FMBN): Nigerian government-owned housing finance institution providing mortgage finance to civil servants and the public through the National Housing Fund. Directly comparable to NHC in its statutory housing finance mandate, government ownership structure, and affordable housing focus.
• Hass Consult: Leading Kenyan real estate developer offering residential and mixed-use developments including affordable housing across Kenya and East Africa. Competes with NHC directly in the residential property development space but as a private sector operator without the statutory mandate.
• Shelter Afrique: Pan-African housing finance and development institution owned by African governments and institutional investors. Provides mortgage refinance, project finance, and equity for affordable housing across the continent - a direct peer to NHC's housing finance and development mandate at a continental scale.
• Kenya Mortgage Refinance Company (KMRC): Kenyan mortgage refinance company providing long-term funding to primary mortgage lenders to expand affordable housing finance. Directly comparable to NHC's tenant purchase financing arm within the same Kenyan affordable housing finance ecosystem.
• National Housing Finance Corporation (NHFC) South Africa: South African government-established housing finance entity providing wholesale and retail housing finance to developers and end-buyers. Operates a similar statutory mandate to NHC Kenya, focusing on affordable housing finance across multiple income segments with government backing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/nhckenya
• YouTubeyoutube.com/channel/UChLEBBgvEqTBtNVhgHr0mww
• Facebookfacebook.com/nhckenya.go.ke
• LinkedInlinkedin.com/company/national-housing-corporation

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NATIONAL HOUSING CORPORATION