DAVAO CITY, Aug. 18 (PNA) — About 200 members of the Organization of Socialized Housing Developers of the Philippines (OSHDP), will hold their first national convention to know the direction of government towards addressing the housing needs of the working class of the country to be held on August 19 to 20 at Grand Men Seng Hotel, this city.Dennis Molina, public information officer of OSHDP Davao said the Housing Czar who heads the Housing Urban Development Coordinating Council (HUDCC) Vice President Jejomar Binay will grace the convention.
Molina said expected to attend are heads of the government’s Shelter Agencies under HUDCC among them the Home Development Mutual Fund (HDMF), Housing and Land Use Regulatory Board (HLURB), Home Guarantee Corporation (HGC), National Home Mortgage Finance Corporation (NHMFC), Social Housing Finance Corporation (SHFC) and National Housing Authority (NHA).
He said House committee chair on Housing and Urban Development Congressman Roodolfo G. Valencia is guest speaker during the opening and will discuss their legislative agenda while Congressman Romero Federico Saenz Quimbo of Marikina City will discuss the highlights of existing or proposed laws that can simulate a better environment for Philippine housing.
He also said Senator Teofisto L. Guingona III is expected to present the Senate Legislative Agenda.
Meanwhile, Engr. Sol Lagmay, vice president of OSHDP Davao Chapter said they want to know which way the government is heading and a clear cut direction needed especially for socialized housing.
Lagmay said there is a big demand for socialized housing but then there are some concerns that their sector need to thresh out with other government agencies.
Lagmay mentioned that the slow release of Transfer Certificate of Title (TCT) of the Register of Deeds (ROD) has a big impact on the processing documents especially with Pag-IBIG Fund because the latter would require the TCT in the takeout of loans and this becomes a nationwide problem.
Lagmay said there is really a big effect in the conversion and take out because from only a number of days waiting period before it will take months even for the issuance of a certified copy of the title although she said they don’t have problem with Pag-IBIG because takeout would only take seven days for as long as the requirements are complete.
She said they even learned that their counterpart in Marikina would rather have the ROD operations are back to manual to ensure a speedy delivery of the required documents.
“I know the problem is temporary but with the voluminous record stored through the years this will take time,” she said.
She said they expect positive updates from the Land Registration Authority (LRA) as the computerized land titling process will also be discussed.
She said there is big demand for socialized housing especially here in Davao saying that if they look at the profile of the working class, this is the sector that needs housing of this type.
She admitted that there are only about seven developers here engaging in socialized housing, the reason of which is the high cost of raw land.
Properties here she said is quiet expensive and developing units for socialized housing compared to low-cost subdivision is almost the same that is why many would rather choose to build low-cost or middle level subdivisions.
She also said socialized subdivisions nowadays are built with amenities unlike before when they only allocate open spaces.
“But we see this as marketing strategy because buyers even for socialized housing already check on what other amenities the subdivision has other than roads and drainage,” she said.
Meanwhile Molina also revealed that they incur losses in terms of financing because their supposed to be collection in that particular period will also be delayed as ROD could not release to them the corresponding titles.
“The amount could be rolled out as additional capital for their project. When ROD implemented their computerization system starting January this year the process of release became slow and the period of waiting is longer,” he said.
The other concern that Lagmay raised is the attitude of the borrower as to their obligation to pay their loan.
She said with the buyback mechanism of Pag-IBIG Fund, they are strict in terms of loan approval because this will become a problem later.
“We would rather do it the right way like conducting a comprehensive background investigation of the borrower to save us from incurring problem in the future.” she said.
She said they welcome this scheme applied by the Fund because it will also protect them — their company, the borrower and the government housing institution.
As to the public-private partnership scheme, Lagmay said the government really must be strict in the implementation so as to avoid another massive foreclosure with a private corporation like the Balikatan Housing Finance, Inc. (BHFI).
“The borrowers must be screened thoroughly and government must also come up with realistic projects where homebuyers are given options that they can really afford to pay based on their net take home pay,” she added. (PNA)