Gov’t to focus on socialized housing projects – Binay

August 25, 2010

DAVAO CITY, Aug. 21 (PNA) — The government will further lower the interest rates of housing loans for socialized housing packages to allow more people to access housing loans, especially the informal sector at very affordable rate.

 Vice President Jejomar Binay, the country’s Housing czar, announced during the national conference of the Organization of Socialized Housing Developers of the Philippines (OSHDP) on Friday at Grand Men Seng Hotel here that studies are ongoing to lower the interest rate to 3 percent.

He said current packages offered by the government housing agency of about P400,000 with monthly amortization of P2,300 is not a realistic package for the lower sector but this can be split to packages of P200,000 or P100,000 and with the lowered interest rate the amount for monthly payment could be at P350.

The amount, he said, will only be the cost for the house and the land will be sourced out through the local government units (LGUs) utilizing some of their idle properties through usufruct agreement.

Binay said in administering this kind of project, the developers can be given incentives from the Bureau of Internal Revenue in support to the lowering of cost of business operation.

He said the LGUs will identify the land and put in the roads and they will provide the financing for the construction of houses.

He admitted, however, that there are not enough funds in the government for socialized housing except that of Pag-IBIG Fund even as he said that because the Fund is already tax-exempt, the P2.5 billion savings could be used for projects under socialized housing.

Vice President Binay also addressed the luncheon General Membership Assembly of the Davao City Chamber of Commerce and Industry (DCCCII) where he said the relationship between government and the private sector is both through cooperation and coordination.

He said business is a continual dealing with the future and they deal not only with communities but the customers and consumers.

“As head of HUDCC, I also ask you to consider investing in building of homes and we should not only build houses for families but homes for families where their bodies could rest, their spirit soar and find love and peace,” he said.

He said this dream could not be possible without the help of the local government units of finding areas where these projects can immediately take off.

“We need to sustain this confidence and we need to show this to the world,” he said. (PNA) scs/Digna D. Banzon/lvp

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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