Use of Public-Private Partnerships for Provision of Low-Cost Housing in Kenya
Abstract
PPPs have become strategic solutions for harnessing strengths of government and business stakeholders. The study delves into utilization of PPPs in advancement of affordable housing in Kenya, offering comprehensive examination of PPP arrangements and recent successful case studies. The insights gained from literature review demonstrate that despite considerable contributions of PPPs to affordable housing, obstacles like regulatory barriers, financial issues, and stakeholder coordination still persist. The findings suggest that PPPs have significant promise for improving supply of affordable housing in Kenya. The study recommends reviewing PPP Act, exploring innovative funding options, clearly defining stakeholder roles and responsibilities, developing clear risk-sharing frameworks, implementing strict quality controls and regular affordability assessments. The upcoming paper will examine the "Effectiveness of PPPs in delivering low-cost housing: A Case study of Nairobi City County," with the goal of offering a comprehensive evaluation of the effectiveness and influence of PPPs within the Kenyan setting.