Pag-IBIG commits P250B to gov't housing program

  • 📰 manilabulletin
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

The government’s housing program got a big boost after the Home Development Mutual Fund, or the Pag-IBIG Fund, has allocated P250 billion to address the 6.5 million housing backlog in the country.

Department of Human Settlements and Urban Development Secretary Jose Rizalino Acuzar said the huge fund allocation, along with the commitment of support of several financial institutions and local government units , puts the goal of building one million housing units every year on the right track.

“This is a huge boost to our President’s Pambansang Pabahay para sa Pilipino Program –a giant step towards realizing the dream of every Filipino family to have decent, safe and affordable shelters,” Acuzar said. Part of the program is the building of in-city, on-site housing units in order to ensure that the beneficiaries would keep their jobs in the areas where they live.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

allocated 250 billion to address 6.5 million backlog? looks like something is very wrong here..someone is going to be very rich..

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in PROPERTY

Property Property Latest News, Property Property Headlines