RP’s home builders holds first nat’l confab in Davao City

August 18, 2010

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)


Construction industry players to submit new scheme to gov’t for infra works

July 18, 2010

Also published @ www.pna.gov.ph
The construction industry players are working on a scheme which they could partner with the public sector in support to the government’s implementation of infrastructure projects.
Levy V. Espiritu, president of Philippine Constructors Association, Inc. (PCA) said the association’s proposal would be presented to President-elect Simeon Benigno Aquino III during the Construction Industry Congress in Manila next month.

He said that details of the mechanism were the results of group discussion among stakeholders in the different regions of the country since January this year.

He said the association was looking at a model that was used in the neighboring Asian countries where private and public collaborated through the Public and Private Partnership (PPP) program.

He said a roadmap of the construction industry, which hopes to spur development of the country for the next six to 10 years, would also be presented to the President.

Espiritu said the financial institutions like banks were willing to finance the identified projects, in collaboration with the government, with their P7 trillion deposits and special deposit account.

He said the locals can fund these projects and the Philippines, through the PPP, is more than capable to do the projects on their own and funded locally.

He said while the government needs infrastructure to the development of the regions, it is also appropriate to tap the private sector for project development.

Espiritu cited that in public education, the Department of Education (DepEd) still needs several school buildings but DepEd does not have the resources which the private sector can pitch in.

He also cited the Tarlac-Pangasinan-La Union Expressway (TPLEx) as an example of a consortium where the PPP model has been applied.

In the PPP, the industry players collaborate with the government for the implementation of important projects.

He said they are optimistic that the new administration will consider the proposal as this will do away with sourcing out funds through loans.

He also said that when foreign funds come in, it would be 30 to 40 percent higher compared to projects funded locally, which is cheaper of about 40 percent and carries no risk.

Meanwhile, he said there is a boom in construction anywhere in the country as seen from the ongoing demand for housing units.

But, he said while there is demand for housing development, which he said is a multiplier effect in the construction business, homebuyers already shifted to their pattern of acquisition as they shifted to lifestyle buying.

He said developers now are not only building core houses but are already into semi-furnished units.

Manolito P. Madrasto, PCA executive officer, said buyers were now keen on items that were geared towards protecting the environment and these concerns were included in their advocacy of the Green Building.

He said the technologies are now into prioritizing environment protection. (PNA)
RMA/Digna D. Banzon/lvp

Pag-IBIG Fund to launch Info System Programs

March 13, 2009



The Home Development Mutural Fund (HDMF) or Pag-IBIG Fund is working on its Integrated Information System Program (IISPP) project as it continuosly seek to improve its services to members and partners.
Pag-IBIG Fund chief executive officer Atty. Romero F S Quimbo made the announcement during the recent Mindanao Housing Forum held in Davao City where close to 200 participants joined coming from Regions IX, X, XI, XII and XIII.  The forum was also attended by the Fund’s managers in Mindanao.
Quimbo said they never stop working on strategies inorder to make the Fund become responsive to the needs of the stakeholders.
The IISP is a system the Fund will implement where relevant data could be accessed at the shortest time possible.
He said the moment IISP becomes operational the membership service verifiication slip (MSVS) which is a requirement for housing loan application could be generated in few seconds to determine whether the applicant is qualified to borrow or not.
Given this, it would also provide developer faster processing time in terms of take out as it allows the Fund to come up with a better system, he said.
He said when data is available it will also help developer locate and find potential markets even as he said that partnership will be forged with developers in creating a data base that would help them locate areas where there is a need.
He said this is one thing that the Fund is trying to develop inorder for them to target individuals who need homes.
Right now he said only 10 percent of the 7.5 million members of Pag-IBIG Fund access the housing loan program.
But he said they had been reaching out to members to avail of the program saying that Pag-IBIG Fund has been created for the long haul program or the housing loan program.
The Fund has been sustaining its program and Quimbo said that for 2009 some P50.50 billion has been earmarked for housing loan.
Quimbo who assured developers that funds is ready for housing projects said they would deal with developers who are resourceful and those whose businesses are gaining even as he encouraged them to avail of the opportunity where they could build more homes by tapping house loan window through institutional loan with Pag-IBIG Fund.
He emphasized however that Pag-IBIG Fund is implementing lending program that is sustainable and as far as their relationship with the developers are concerned they make sure that the program is sustainable.
The Fund has in its menu of Institutional Loans nine types of loan windows that developers could choose from.
Pag-IBIG Fund vice president for southern Mindanao operations Jose W. Banzon, Jr. said these loan facilities include Development Loan Program, LGU-Development Loan, Credit Facility, Pag-IBIG City, Medium/High Rise Building, Housing Receivables Financing Facility, Home Construction Financing Line.
He said for the Southern Mindanao area alone they already had financed a total of 91 projects.  74 of these projects were fully paid, eight are current projects while nine in default.
He said their success rate for institutional loans to developers is at 90.11 percent for the P2.119 billion loan facility since it started giving out loans to developer where total units built accounted to 24,119 spread out in their area of coverage.
Meanwhile both Pag-IBIG Fund deputy chief executives Jaime A. Fabiana and Tessie M. Gonzales told developers during the open forum that they will continue to study areas where it will be more easier for the developers to implement projects by accessing financing with the Fund just like the case of reducing the processing time of take out and the release of notice of approval.   




Today’s news — Revised zoning ordinance

October 20, 2008

Davao City is expected to have its revised Zoning Ordinance by the first quarter of 2009.

This was said by Majority Floor Leader Councilor Danilo Dayanghirang during the Kapehan sa Dabaw at SM City who also added that the Committee on Housing headed by Councilor Arnulfo Cabling and City Planning Head Engr. Ma. Luis Jacinto still have to come up with a decision on the complaint filed by Ma-a residents against real property developers Villar and Consunje who owns the high-end properties in the area.

The issue, he said was due to the complaint about development in the area which the residents said is without permit.

He said the ordinance already went to several adjustments and it is high time for the ordinance be reviewed.

Davao City‘s revised zoning ordinance was passed in 1996 and enacted in 2002. The zoning code regulates the use of the city’s land resources in the implementation of the Comprehensive Development Plan of Davao City. It is supposed to be updated every five years.

The updating of the Comprehensive Development Plan and Zonification Ordinance of Davao City is actually a priority project of the 15th City Council (2007-2008).

The purposes of the Revised Zoning Ordinance of 1996 capture this need for balance: to guide, control and regulate future growth and development of Davao City in accordance with its Comprehensive Development Plan; and to promote and protect the environment, health, sanitation, safety, peace, comfort, convenience and general welfare of the inhabitants in the locality.

Meanwhile Councilor Pilar Braga said that they deemed it proper that before development permit is granted they should get a clearance from the traffic management.

She said in the case of property development like malls, traffic plans are already done before the construction of the mall kaya late na. “We will review also the traffic ordinance,” she sai