Articles worth reading

DFA adopts contingency in Israel amid tensions

account_balanceMetro Manila access_time5 days ago

No Filipino has been reported to be among the casualties in the escalating exchange of airstrikes and rocket fires between Israel and Palestinian militant group Hamas, the Department of Foreign Affairs (DFA) said in a report by Philippine News A...

Bulacan solar power plant starts operations 

account_balanceMetro Manila access_time5 days ago

The 50-megawatts (MW) solar power plant of PowerSource First Bulacan Solar, Inc. (PFBSI) has officially started commercial operations and now provides clean and renewable power to the Luzon grid. Now called BulacanSol, the newly completed plant secu...

PNP arrests sellers of Covid-19 test kits 

account_balanceParañaque access_time5 days ago

Three individuals were arrested for the illegal sale of coronavirus disease 2019 (Covid-19) rapid test kits in Parañaque City, the Philippine National Police (PNP) said in a report by Philippine News Agency. PNP chief, Gen. Guillermo Eleazar,...

Metro News

DHSUD pushes for climate-resilient homes 

account_balanceMetro News account_circleJake Cruz chat_bubble_outline0 Comments

The Department of Human Settlements and Urban Development (DHSUD) is pushing for a housing microfinance strategy that will grant low-income families access to climate-resilient homes at affordable costs, according to a report by Philippine News Agency.

Secretary Eduardo del Rosario said DHSUD will hold consultation meetings and workshops with financial institutions, private developers, and other stakeholders to establish the Inclusive Green Housing Microfinance (IGHM) program.

"With the high price of land, especially in urban areas, affordability remains a major stumbling block to homeownership for many Filipinos who fall below the poverty line," del Rosario said in a statement Sunday.

Advertisement

A total of 6 virtual meetings are scheduled between April and May this year. It will involve the formulation of frameworks and the creation of long-term targets for the rollout of IGHM.

"The department is committed to finding alternative means such as housing microfinance to help them afford their dream homes,” del Rosario said.

The agenda for the consultation meetings include a discussion of major findings from the assessment of existing housing microfinance programs.

The meetings will assess the operations of existing housing microfinance programs nationwide, identify and address challenges related to housing microfinance, and analysis of green housing features.

“We are reaching out to our stakeholders, especially the microfinance institutions that are already implementing housing microfinance in the communities to gather insight, capture best practices, and ease barriers for an effective nationwide implementation,” del Rosario said.

These microfinance institutions include Microfinance Council of the Philippines and Alliance of Philippine Partners in Enterprise Development, ASA Philippines Foundation, Kasagana-Ka Cooperative, and Habitat for Humanity.

DHSUD will also meet with developer groups such as the Organization of Socialized and Economic Housing Developers of the Philippines and Socialized Housing Developers Association, and key shelter agency Social Housing Finance Corporation and Bangko Sentral ng Pilipinas Center for Learning and Inclusion Advocacy.

The IGHM program is aligned with the 2021 agenda of the National Human Settlements Board, a multiagency housing body chaired by the DHSUD that focuses on the pursuit of policy reforms to accelerate housing microfinance as a primary pro-poor housing finance strategy in recognition of the need to provide alternative housing solutions to low-income households.


date_rangeDate Published
4 weeks ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

Manila starts administration of Pfizer vaccines

account_balanceManila chrome_reader_mode5 days ago

The city government of Manila will start the deployment of the newly-arrived Pfizer coronavirus disease 2019 (Covid-19) vaccines for the A1 group (medical frontliners) starting Thursday, according to a report by Philippine News Agency. In a Fac...

PNP and PDEA agree to prevent misencounters 

account_balanceMetro Manila chrome_reader_mode1 day ago

The Philippine National Police (PNP) and the Philippine Drug Enforcement Agency (PDEA) will craft operational guidelines and protocols which will be observed by the two agencies to avoid misencounters during the conduct of anti-illegal drug operation...

PNP reports another Covid-related fatality

account_balanceMetro Manila chrome_reader_mode19 hours ago

The Philippine National Police (PNP) registered another coronavirus disease 2019 (Covid-19) fatality, raising the number of its personnel who died of the disease to 61, according to a report by Philippine News Agency. PNP chief Gen. Guillermo E...

The struggles in 2020 of the casino industry in the Philippines

account_balanceMetro Manila chrome_reader_mode8 months ago

Do you want to learn more about the challenges and predictions for the gambling industry in the Philippines? Find all answers in this article!

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