9This document is based on Kenya’s housing market, along with a brief of its demography. The housing market in Kenya has evolved considerably since independence in 1963. The 1968/76 National Housing Policy promoted a strong role for the government in providing affordable housing for the citizens of the country through its parastatal or quasi-government institution, the National Housing Corporation (NHC), through municipal councils, and through civil service housing. For more than two decades, the NHC was the market leader in the housing industry, responsible for the development of government run and managed public housing. The Kenyan economy performed relatively well in the years between 1964 and 1980. The growth rate of GDP in this period averaged 5%. Fiscal deficit and the overall balance of payments were manageable and ranged between 36% of GDR Despite the positive economic trends, economic growth in 1973-76 began to decline and averaged 3.4% per annum.