Articles worth reading
Photo Courtesy of Manila DRRM Office

Floods hit parts of Manila 

account_balanceManila access_time4 days ago

A heavy downpour caused gutter-deep floods in several areas in Manila on Tuesday afternoon, Sept. 27, according to a report by Manila Bulletin. The Manila Disaster Risk Reduction and Management Office (DRRMO), in an advisory, said gutter-deep f...

Paranaque holds medical caravan

account_balanceParañaque access_time4 days ago

Sa pangunguna ni Mayor Eric L. Olivarez, at sa pakikipagtulungan ng City Health Office, isinagawa noong Huwebes ang Health and Wellness Medical Caravan sa Baclaran Elementary School Central sa Parañaque City sa pamumuno ni Dr. Himmler Cos. An...

Manila mayor leads turnover of hard hats to Court of Appeals 

account_balanceManila access_time4 days ago

Manila Mayor Dr. Honey Lacuna, together with Vice Mayor Yul Servo Nieto and City Administrator Bernie Ang, led the turnover ceremonial of 100 hard hats to the Court of Appeals held last September 14, 2022. These hard hats will serve as an extra laye...

Metro News

GSIS, DHSUD join forces to address housing backlog 

account_balanceMetro News account_circleAmihan Reyes chat_bubble_outline0 Comments

State-run pension fund Government Service Insurance System (GSIS) has vowed to support and assist President Ferdinand “Bongbong” Marcos Jr.’s priority housing program, according to a report by Philippine News Agency.

GSIS president and general manager Jose Arnulfo Veloso made the commitment during a meeting with key officials of the Department of Human Settlements and Urban Development (DHSUD) on Monday.

Veloso said the GSIS will team up with the DHSUD to address the two main challenges in the housing sector – affordability and access to funds.

Advertisement

“If this serves the Filipinos and if this is for the ultimate development of the country, then you can expect our 100-percent support. In fact, just like the electoral alliance of President Bongbong and Vice President Sara [Duterte], let us become a ‘UniTeam’,” Veloso said.

DHSUD Secretary Jose Rizalino Acuzar, meanwhile, welcomed GSIS commitment to support the government's housing thrust to close the housing gap in the Philippines.

“Tutulungan natin, lalo na ang ating mga kapwa Pilipinong naghihirap, na magkaroon ng sariling tahanan na kanilang maipagmamalaki (We will help our poor countrymen in acquiring their own homes which they can be proud of)," Acuzar said.

He also emphasized the role of government financial institutions (GFIs) and other commercial organizations as fundamental pillars in the new administration’s housing program.

Acuzar previously met with the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP) to also enjoin them in promoting the Marcos administration’s housing program designed to address the country’s 6.5 million housing backlog.

Both LBP and DBP officials have expressed support to the national housing program with a memorandum of understanding underway once its terms and conditions, among other prerequisites, have been finalized.

DHSUD Assistant Secretary for Support System Avelino Tolentino earlier said the department targets to build six million housing units in the next six years through its Pambansang Pabahay para sa Pilipino program, with a production average rate of one million housing units per year.

Tolentino said the funds that will be allotted in the program will not be directly used in housing construction, but in housing interest support instead.

"Kapag po naglagay tayo ng housing interest support doon sa ating mga benepisyaryo, tataas po ang kanilang affordability level at magiging bankable po sila –meaning to say, iyong account po nila, pwede po nating i-takeout sa bangko at iyon po ang sikreto ng programang ito dahil po hindi na po magiging dependent sa General Appropriations Act ang pagtatayo po ng pabahay (If we put housing interest support to our beneficiaries, it will increase their affordability level and they will be bankable, meaning to say we can take it out from the bank and that is also the secret of this program because it will not be dependent to General Appropriations Act in building houses)," he said.


date_rangeDate Published
1 week ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

Senator advises against replication of ‘Libreng Sakay’ program

account_balanceMetro Manila chrome_reader_mode3 days ago

A senator advised the Office of the Vice President (OVP) not to replicate the services of other government agencies like the "Libreng Sakay" program that is under the Department of Transportation (DOTr), according to a report by GMA News. ...

Binay envisions Makati as climate-resilient model city

account_balanceMakati chrome_reader_mode5 days ago

Mayor Abby Binay is determined to make Makati City a model for other local governments in formulating disaster risk reduction and climate action plans, according to a report by Philippine News Agency. She said Makati can become the first resili...

Taguig holds workshop on nutrition plan 

account_balanceTaguig chrome_reader_mode4 days ago

Nagsagawa ng isang workshop ang lungsod ng Taguig, sa pangunguna ng Taguig City Nutrition Office, bilang bahagi ng paghahanda ng City Nutrition Action Plan para sa taong 2023-2025. Nagtipon sa Center of the Elderly Conference Room sa Brgy. North Sig...

CHED reiterates guidelines on class suspension 

account_balanceMetro Manila chrome_reader_mode3 days ago

The Commission on Higher Education (CHED) on Wednesday reminded higher education institutions (HEIs) to follow the agency's own guidelines on canceling or suspending classes, according to a report by Philippine News Agency. The CHED made th...

Let's Stay Connected Like us on our Facebook page.
×
Click on the article to continue reading
Quezon City adopts no contact apprehension system Red Cross pushes saliva test Vaccines from COVAX to arrive in Q1 Makati Shangri-La to close doors on Feb. 1 Cities in NCR to start vaccination simultaneously Mother, girlfriend of Filipino infected with UK variant also test positive Send Press Release MNC Facebook Page MNC Twitter Page MNC Instagram Page LGU Spotlight Barangay Front Business Sports Entertainment Metro Gen Metro Feature