Diaspora University Town (DUT) has a 3,200 apartment’s development plan. The plan will produce 3,200 apartments of 1, 2 and 3 bedrooms. The apartments will be 4 stories up with each building having 80 apartments. 16 apartments, 1 bedroom; 32 apartments, 2 bedrooms; and, 32 apartments, 3 bedrooms.
Dan Kamau Diaspora University Trust - Executive Trustee and Diaspora University Town – Project Director talking about this plan says, “48 acres of the 1,500 acres is allocated to the Apartments Development Plan. It is allocated through 8 plots. This consists of 5 plots of 4.6 acres, 2 plots of 9.2 acres and 1 plot is 7 acres.”
Explaining the plan land usage Dan says, “20 acres will be applied for the building footprints, About 12 acres for car parking and about 16 acres for the green areas. About 20,000 (5%) of the 200,000 trees to be planted in DUT will be planted in the 16 acres.”
On users of the apartments Dan replies, “The apartments will be used by about 10,000 of the 25,000 residents and about 1,000 of the 5,000 Diaspora University students."
He adds, "The residents and students will have access to the following parks for recreation, family outings and other activities. The Diaspora University 69 acres fields and parks; The 47 acres Town park, The 3 school fields of 4.6 acres each; and the other 69 town parks in different areas of the town.”
Asked on the Apartment Development approach Dan says, “The sustainable budgets of development the apartments are budgeted as production cost. Each apartment will have an Apartment Developer who shall use the DUT property development system to develop one or more apartments.
The current DUT budgeted costs are: One bedroom, Ksh 1,962,500 about $13,900; 2 Bedrooms, Ksh 2.8 million about $19,800; and 3 Bedroom, Ksh 3.25 million about $22,900,” he explains.
He adds, “The DUT apartment’s development will have three parties involved: Diaspora University Trust, The Apartment Developer/s and a Kenya Bank.
Dan explains the roles as follows: “Diaspora University Trust role to produce the properties with the 3,200 apartments. On completion the apartments have water, electricity, service roads, environment management plan, ownership titles and users.
"The Developer role to sign an Apartments Development Agreement (ADA), open a bank account in a bank willing to partner, progressively make deposits of between (20% to 100%) of the Apartment development cost; on completion the amount deposited and loan issued, where needed, will be transferred to DUT as the apartment keys and title are handed to the developer or to owner where a developer sells the unit," says Dan
"The Bank role is to open accounts, receive deposits, give deposit interest and give loans to completed property to the developers,” Dan adds.
Asked how many Diaspora Kenyans are expected to be developers of the apartments, Dan replies, “Our budget right now is to have Diaspora Kenyans develop about 2,100 of the 3,200 apartments. Our target is to have over 1,000 Diaspora Kenyans as developers."
Talking about the DUT approach Dan says, “Through the GDP grown systems and plans implementation, the Trust will develop a usage per month value of Ksh 22,000 or more for 1 bedroom; Ksh 32,000 or more for 2 bedrooms and Ksh 37,000 or more for 3 bedrooms. About Ksh 1.2 billion of the Ksh 15 billion will be applied in meeting the rights of housing and environment.”
Dan concludes by saying, “When a Diaspora Kenyan gets a job in the U.S, the job grows the GDP of the U.S as the person works. Diaspora Kenyans live in good houses and towns/cities with clean environment plans, for people developed the plans and systems. Every day the systems are sustained through work and housing plans for the workers. The apartment development plan and system is one for meeting the social economic rights in Kenya constitution 42, 43 and 53 of clean environment, housing, healthcare, clean water, quality food, and children rights.