The 0.5% levy is payable to the authority by owners of projects above Sh5 million.
A group of rich Qataris jetted into Kenya this week to scout for deals in the country.
The property is expected to appeal to high net worth international buyers.
The construction loans will be offered at interest rates of between four and six per cent.
The one-bedroom apartments will be sold for as low as Sh2 million.
The firm has launched a spirited campaign to market its prefab houses.
The Kenya VAT Act 2013 has brought about a new construction materials pricing regime.
The company will target 'small and medium construction projects'.
More than 60 road projects countrywide have stalled due to lack of funds.
Hope City will be built in an area of about 1.5 million square meters.