VP Binay bares his vision and plans as Housing Czar …

August 1, 2010

www.pna.gov.ph
Manila Aug. 1 (PNA) – Vice President Jejomar Binay said he envisions providing Filipino families with quality homes and communities, not just mere houses and neighborhoods.“My vision for the housing sector is simple –to provide families not just with the infrastructure of a house, but the framework of a home; to build not just a neighborhood, but a real harmonious community,” the country’s housing czar said.

Binay, who was appointed by President Benigno “Noynoy” Aquino III as the chair of the Housing and Urban Development Coordinating Council (HUDCC), disclosed his plans before members of the Chamber of Real Estate and Builders’ Association (CREBA).

With this, he aims to gain the support and empower the local government units (LGUs), adding that it is important for them to have an active role in the planning and implementation of housing programs.

“They [LGUs] are in the best position to provide the inputs we need in ensuring that our housing programs truly address the housing needs in the locality. They are also in the best position to help us achieve our vision,” Binay said.

The Vice President also plans to develop an investment-friendly business climate for the housing sector, as he targets to solicit support and build strong partnership with the private sector in the implementation of localized housing projects for the poor.

“I will likewise seek to simplify the procedures and reduce red tape in the processing of housing loans, registration and issuance of land titles, and housing permits both at the national and local levels; give incentives to participating private donors; and rationalize the housing finance and subsidy framework for housing and urban development,” he said adding that this was consistent with President Aquino’s promise of a government responsive to the needs of ordinary Filipinos.

Binay said he also intends to strengthen the implementation of the asset reform program involving the utilization of idle and underutilized government lands, and to require the online publication of all projects and loans granted by the key shelter agencies.

“We can and we will succeed in building homes, and not just houses; in providing lasting opportunities, instead of temporary dole-outs; and transforming our seemingly forgotten human resources into productive members of the society,” he added.

Recently, Binay tapped the services of actor Robin Padilla to serve as his housing “ambassador” in Mindanao.

Binay said Padilla’s Muslim background will help the HUDCC address the housing shortage in Muslim communities.

Aside from the HUDCC post, Binay also asked Padilla to help promote membership in the Pag-Ibig Fund, especially among overseas Filipino workers (OFWs). (PNA)
LDV/CLTC

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March 25, 2010

Pag-IBIG Southern Mindanao releases P5.9B for salary, housing loans in 2009

DAVAO CITY, Feb. 10 (PNA) — A total of P5.9 billion was availed of by a good number of Pag-IBIG Fund members of Southern Mindanao in 2009.

Pag-IBIG Fund vice president for Southern Mindanao operations Jose W. Banzon, Jr. reported that both the multi-purpose loan (MPL) and housing loan registered double-digit percentage increases.

For the MPL alone, he said almost half of the Pag-IBIG members in their area availed of this type of loan, accounting to P3.398 billion by some 208,291 borrowers or an increase of 20.91 percent as against 2008 with only P3.001 billion with 198,303 who borrowed.

The multi-purpose loan is among the sought after services in the Davao branch, which receives 400 applications daily. With all requirements met processing is done within the day.

“Traffic is heavy during the months of May and October as most of the borrowers use the proceeds of their loan for enrollment purposes of their children,” Banzon said.

Meanwhile, Banzon said as to housing loans they were avail to release P2.361 billion to some 5,270 borrowers as against the P1.935 billion in 2008 availed of by 4,825 loan takers.

He said with regards to loan value, it generated about 21.98 percent for the year in review while number of takers registered an increase of 9.22 percent.

More than half of the borrowers were from Davao of about 2,868 and valued at P1.451 billion followed by General Santos with P494.9 million of 1,108 borrower, Tagum (Davao del Norte) with P294 million and 931 borrowers and Cotabato, P120.4 million by 363, he said.

The average loan value for last year was pegged at P448,077 in 2009 and P401,206 in 2008. Its housing loan collection in 2009 was at P1.239 billion or an increase of 19.03 percent compared to 2008 with P1.041 billion.

Banzon also reported that active membership level in Southern Mindanao as of last year totaled 484,302 compared to 2008 with only 469,020 or an increase of 3.26 percent.

Among the operating units within the Southern Mindanao Group (SMG), he said the Davao branch still has the most number of members with 204,045 in 2009 compared to 197,401 in 2008 or a 3.37 percent increase and followed by General Santos with 105,911 or an increase of 3.27 percent against the 2008 figure of 102,556.

He said Tagum had 89,974 members as of last year and registered an increase of 5.45 percent as against 85,325 the previous year while Cotabato had 84,372 members or a .76 percent increase from the previous year with only 83,738 members.

With regards members contribution almost half of the pie was contributed by the Davao branch with P509.3 million in 2009 compared to P473.5 million in 2008 or an increase of 7.54 percent. Half of Davao’s contribution was shared by General Santos with P256.8 million last year or an increase of 8.57 percent against 2008’s figure of P236.6 million. Tagum branch delivered a big increase with 22.16 percent or P240.1 million compared to its 2008 contribution of only P196.5 million. Cotabato had 241.9 million in 2008 which lower by -9.04 percent compared to that in 2008 with P265.9 million.

Total member’s contributions of SMG accounted to P1.248 billion or 6.44 percent increase compared to the 2008 total contributions of P1.172 billion.

The developer’s loan release posted an increase of 70.74 percent in 2009 with P247.980 million as against the 2008 figure of P145.236 million.

Of the operating branches, he said Davao registered 112.84 percent increase in 2009 with P178.143 million as against the P83.700 million in 2008, General Santos posted a decrease of -14.98 percent with P48.637 million last year compared to P57.207 million the previous year while Cotabato had P21.200 million in 2009 or a 389.72 percent against P4.329 million in 2008.

As to developers’ loans collections, the Group noted an increase of 51.68 percent with P229.562 million last year as against the previous year with only P151.342 million.

As to its financial highlights, Banzon said the SMG registered a gross income of P1.293 billion with net income of P1.002 billion or a percentage change on net income of 43.26 percent with that of 2008 with only P699.565 million.

Banzon attributed the positive performance to the increasing number of workers covered by the Fund and the number of members who availed of their line of services plus the lowering of interest rates applied to housing loans.

He also said some of the areas covered by SMG had become growth areas and noted that proceeds availed of by members through the multi-purpose loans were plowed back to the economy as more money were in circulation within the area while housing carries multiplier effect of 16 times as it opens also several economic activities. (PNA)
LAP/Prix Digna D. Banzon/lvp


March 25, 2010

Pag-IBIG Fund Davao notes 10% growth housing loan borrowers as of Sept. ‘09

DAVAO CITY, Nov. 5 (PNA) — Pag-IBIG Fund Davao noted a 10 percent increase in housing loan borrowers as of September 30 this year compared to same period last year.

Pag-IBIG Fund branch manager Manolito Olegario said the increase of loan borrowers could be attributed to their active promotion of the program.

Olegario said there is also demand for more housing units.

He said 50 percent of their borrowers are from outside of Davao City like Cotabato and Surigao provinces.

He said the government-owned corporation sold P278.9 million of its acquired assets or 849 units from January to September 2009 in Davao City alone.

“For disposal starting October this year, some 566 units located in established subdivisions within Davao City and Davao del Sur,” he said.

On the other hand, Eduardo Manicio, executive vice president of the Social Housing Finance Corporation, said their office assisted hundreds of settlers in Davao City.

Manicio said they have already spent almost P84 million in legalizing the tenure of their occupancy in the area. (PNA)    … published at Davao dailies and at http://www.pna.gov.ph