Kisumu County is set to benefit from a Sh24 billion housing project by the Lake Basin Development Authority (LBDA). The agency is planning to build affordable housing units and office space to meet surging demand in the region.
LBDA chairman Onyango Oloo told the Business Daily that a study had shown massive shortage of houses in the lakeside city.
“We expect the President to officially launch the housing project as part of the commitment of the government to improve access to basic amenities,” said Mr Oloo.
Environment secretary Judi Wakhungu said in a statement the construction will be executed in two phases through a private-public partnership.
“The project envisages a two-phased implementation process and is likely to serve as a benchmark for PPP initiatives in Kenya,” said Prof Wakhungu.
She said that the first phase of the project will fully use the existing 58 acres of land belonging the agency before it is expanded to other regions.
An architectural impression of the project shows it will include a complex comprising three office blocks that will serve as the agency’s headquarters in Kisumu.
The plan also has one ultramodern retail mall, a five-star hotel, a regional resource centre and more than 1,000 housing units. Of the housing units, 640 will be one-bedroom, 320 will be 2-bedroom and 50 will be 3-bedroom.
A child care centre, retail shops and a club house are also included in the layout.
The Environment secretary said the second phase will involve development in other towns in the region.
“We also plan to extend to other parts of the country for the development of modern high quality housing units,” she said.
Prof Wakhungu said the agency had, in an effort to seek alternative funding, identified two private developers.
“This culminated in the signing of a joint venture agreement with Hawthorne Development Corporation of USA for construction of low cost houses within the region,” she said.
The second contract was signed with Erdemann Properties Limited for co-financing and construction of the shopping mall in the headquarters complex.
LBDA managing director Aguko Abok had earlier said the mall is designed to have all the social amenities required for a modern shopping mall.
He said the mall will have ample parking space for 500 cars and a total built up area of 25,000square metres, which will comprise a basement, ground, mezzanine, first and second floors.