The Diaspora University Town (DUT) Townhouse Investment and Development Agreement (THIDA) enables one to become a townhouse developer through putting in Ksh 11,122 about $90 a month. Diaspora Kenyans continue to establish this approach of investment and development that also creates jobs. The Diaspora Kenyans are becoming DUT Townhouse developers as they take up units of the planned 3,500 townhouses. Currently 1,250 units are taken.
Diaspora Kenyans when visiting Kenya are also visiting the DUT site as part of their developer role. In the month of April, we have had Nancy Kimaru of Seattle and her friend visit the site. Nancy is already a DUT townhouse developer. Kevin of Dallas, TX and his family also visited the site after seeing the Diaspora University Town sign as they were driving along the Voi-Taveta-Arusha highway A23. Rebecca of Seattle and family also paid a visit.
The Diaspora Kenyans are becoming DUT Townhouse Developers based on the following plans and systems:
- Townhouse Design Plan of Double House
The design plan incorporates the development of a double townhouse on a 50ft x 100ft plot. The design is a 5 bedroom and 4 bathroom house.
2. 3,500 Plots Townhouses Development Plan
The Diaspora University Town plan is made up of 1,500 acres with 402 acres applied toward townhouses development.
3. Capital Input Plan of Ksh 500,000 put in as Ksh 11,122 a month. About $90 a month
The townhouse developer capital plan is for Ksh 500,000. The developer can put this in cash or through a DUT Credit Ltd loan of 60 months and put in Ksh 11.122 about $90 every month.
4. Townhouse Development Plan Stages
The townhouse development plan is incorporated in the town plan of 3,778 plots from 1,500 acres serviced by a 60 km road network. The stages include: Townhouses preliminary design that is complete; the Strategic environment assessment (SEA) that is done an approval given by NEMA as found in their website; the physical planning is done; detailed design; Environment Social and Impact Assessment (ESIA) is done; the next stage the building approvals.
5. Town Development Plan
The town development plan is ongoing at the site through the Project Development office. The project developer is Dan Kamau, formerly of Worcester, MA. The town development includes: 3,500 townhouses development on behalf of the townhouse developers; 69 town parks development; environment system set up, 60 km roads and infrastructure development and other developments.
6. Town Water, Power and Internet Plans
The plans will enable attainment of water, power and internet for the town.
7. Clean and Healthy Environment Plan
The Diaspora University Town (DUT) Strategic Environment Assessment (SEA) lays the procedure to achieve a clean and healthy environment plan. The clean and healthy environment plan incorporates the management of dust, waste water, storm water, waste, trees and other plans.
8. Design-Build Plan
The design-build plan is for production of the townhouses, roads and infrastructure. The plan incorporates a list of over 4,000 persons who will be workers; 14 Ndara B companies that will produce building materials; material management system; and other plans.
9. Townhouse Mortgage finance plan
The mortgage plan incorporates the issue of mortgages as 3,500 townhouses are completed. At an average of Ksh 6.5 million the 3,500 townhouses will create new finance of over Ksh 22 billion that will be recorded in the financial sector as loans.
10. Townhouse Usage Plan
15,000 jobs created through the University, Hospital, Town, Medicine Vaccine Company, Finance Company and 300 MSMEs will be the primary users of the townhouses. The jobs created will anchor the settlement that will grow to 25,000 residents. About 60% of the residents will live in the townhouses. The other users will be students enrolled at the university.
