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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@Inquirer’s Opinion Page July 18, 2010 …Public Lives of Randy David

July 18, 2010


Church, others hopeful of P-Noy’s campaign vs corruption

July 18, 2010

also posted @ www.pna.gov.ph
DAVAO CITY — After President Benigno Aquino III formally announced his agenda in governance during his inaugural speech on June 30, the Catholic Church on Sunday took note of the government’s move to curb corruption.

Fr. Gilbert Sataya, during the homily at Our Lady of Lourdes Parish in Bangkal, Davao City, cited the call of Pres. Aquino’s administration to work on addressing the issue on corruption.

He likened the Gospel that “with the huge harvest, few came to do the task” to the call of the President, which he said was a big challenge to the Cabinet members.

While he urged the parishioners to bring the messages to as many people of taking part in the Church evangelizations of spreading the good words, he said everyone should take part in the task in making the Philippines a better country.

In a separate interview, taxi driver Epifanio Amihan said sa pagpaminaw naku sa mga gibatbat sa bagong President bahin sa pang gobiyerno sa iyang inagurasyon, dili naku isalig ning tanan sa iyaha kay maningkamot ko nga makatabang ko pananglitan sa pagsunod sa balaod sa trapiko (after listening to the President’s detailed agenda of his government, I will do my share of helping the government by way of following traffic rules).

“Mouyon ko sa pagpawala sa “wang wang” kay ang datu ug pobre pantay dapat nga mogamit sa karsada (I support the ban of sirens because there shoud be equal road access between the rich and the poor,” he said.

“Bahin sa korupsyon sa gobiyerno, dili ma ni mawala gyud pero kung kitang tanan motabang ilabina nang taga gobiyerno makuhaan gyud ni (with regards corruption, I don’t think this will be eradicated but if all of us will help especially those in government, I think this will be lessened),” he said.

Government worker Roger Martel of Bangko Sentral ng Pilipinas in Davao said that what the President said was a call for government personnel to work harder.

Davao City Mayor Sara Duterte-Carpio said she was happy to hear the President stressing hard on tackling government corruption and for government workers to show more of their skills and talents as public servants.

President Aquino said not all in government were corrupt and for those who were performing well he said “panahon na nila ngayon na magpakitang gilas (it’s time for them to show their utmost abilities)”.

Duterte-Carpio, as part of her priorities as the new mayor of Davao City, started reviewing the performance of the city government workers and for those who lacks skills will be trained while they will offer retirement packages for those who would want to avail of the package although everyone will be assessed as to their performance.

Davao City Chamber of Commerce and Industry, Inc. (DCCCII) president Engr. Robert C. Quinto welcomed the President’s directive of transparency in dealing with the business sector.

He said this was a big boosts for the business community and for those prospective investors.

On the other hand, Philippine Constructors Association (PCA), Inc. president Levy Espiritu said he liked the President’s governance and he was firm and bold when he detailed his agenda during his inauguration speech.

Global Link chief executive officer Patrick Lawrence Tan said there was high optimism in the construction industry especially when President Aquino launched a call against corruption.

“The construction industry probably was the worst sector and hearing him said that the stakeholders are happy and with high optimism they are willing to support this government”.

He said this can be seen perhaps after three years but then they are happy to work in an environment where the leader is sincere in pushing for a better Philippines. (PNA)
RMA/Digna D. Banzon/lvp/rsm


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 chief cries foul over housing developer’s accusations

July 16, 2010

Pag-IBIG Fund chief executive officer Jaime Fabiaña yesterday slammed a housing developer for berating Fund officials for “losing the vision to serve,” saying Pag-IBIG “continues to be a strong and viable institution because of its hardworking and dedicated men and women.” Fabiaña was reacting to a report published in the Philippine Star that quoted Globe Asiatique Realty Holdings Corporation owner and president Delfin Lee as saying Pag-IBIG officials “have been there too long … they have become lazy and have lost the vision to serve.” “Pag-IBIG continues to be a strong and viable institution because of its hardworking and dedicated men and women whose focus to serve the Fund’s more than eight million members nationwide remains unwavering,” Fabiaña said. He cited statistics that showed housing loan approvals grew at an average of 42 percent for the last three years – P22 billion in 2007, P34 billion in 2008, and P46 billion in 2009. “Every day, 300 families are able to acquire homes through Pag-IBIG’s housing loan program. In times of calamity, Pag-IBIG provided an immediate lifeline to 800,000 calamity-stricken members through loans amounting to P14.7 billion. On a daily basis, the Fund releases P185 million in short-term loans which helped finance the emergency needs of 10,454 members,” he said. Fabiaña also belied Lee’s accusation that a memo providing that a member applying for a housing loan must have complied with the twelve-month residency requirement beginning July 1 of this year was unusually timed. “It was not unusually timed. To properly disseminate the new requirement, the Fund has undertaken intensive consultations with developer groups including the Subdivision and Housing Developers Association (SHDA) and the Organization of Socialized Housing Developers of the Philippines (OSHDP) as well as with the Fund Coordinators who serve as liaisons of Pag-IBIG with employer-companies,” he said. “We also made sure that the Fund included this policy in all its housing loan briefings both here and abroad. It was thoroughly discussed in a lot of meetings,” he added. Fabiaña said the amendment was duly approved by the Pag-IBIG Board headed by former Vice President and HUDCC chair Noli de Castro. “However, in a recent memo, the Senior Management of the Fund heeded the request of developers and members to defer its implementation and allowed the payment of 24 monthly contributions until September 30 of this year, provided housing loan applications are submitted not later than December 29, 2010,” Fabiaña said. According to Fabiaña, the 12-month residency requirement was established under HDMF Circular No. 55 to build up more funds for re-lending. “In March 2000, the residency requirement was two years. In 2001, Pag-IBIG lifted the two-year residency requirement allowing members to pay in lump sum, the 24 monthly membership contributions to avail of a housing loan because there were only a few borrowers then. At that time, total housing loan approval was only P3.5 billion,” he said. “Following the reduction in interest rates and lengthening of loan term to 30 years, Pag-IBIG has experienced immense growth in loan approvals recording an average growth rate of 42 percent for the last three years – P22 billion in 2007, P34 billion in 2008, and P46 billion in 2009. At this rate, it is no longer sustainable for Pag-IBIG to finance the growing demand for housing,” he added. Fabiaña also observed that instant membership has been prone to abuse, citing monitoring reports that indicated that abuses have been committed, particularly in the Pampanga area, “including Mr. Lee’s Xevera Projects, where almost 400 approved accounts were confirmed to be doubtful because the borrowers denied they availed of the housing loans.” Fabiaña said Lee himself “confirmed the existence of these problematic approved accounts.” “In a letter to Pag-IBIG, Lee wrote that ‘based on our internal monitoring, there are buyers who have not been paying since take-out (loan approval). We are closely monitoring some 1,000 accounts which we suspect are of questionable buyers. We have since cancelled 400 of these accounts…’,” Fabiaña said Fabiaña also took exception to Lee’s statement that HDMF officials are “lazy… they put the money in treasury bills and avoid innovative and challenging work that can fulfill the mission to provide low-cost housing to Filipinos”. He said according to the agency’s figures, Pag-IBIG has long surpassed its mandate to provide 70 percent of its funds for housing. “In 2009, 78 percent of the P256 billion total assets of the Fund are housing- related. For the first five months of the year, this has already reached 80 percent representing P204 billion out of the P271 billion total assets,” he said. Emma Linda Faria, Deputy Chief Executive Officer for the support services cluster, said Pag-IBIG “we cannot put all our funds in housing as we must be able to pay our members’ Provident claims on time. Plus we must always be liquid.” On Lee’s estimate that 70 percent of low-cost housing clients of real estate developers would be affected by the policy, Fabiaña said out of the 8 million members of Pag-IBIG, only around 800,000 members have housing loans. There are more than seven million remaining members who have made 24-monthly membership contributions who have not yet availed of a housing loan. “If sales agents are not lazy, they can easily tap this potential,” he said. Fabiaña said the Fund is what it is today – “one of the top government corporations and the leading financier of the government’s housing program” – because of the singular dedication and hard work of its 5000-strong work force of the Fund. “As a result, Pag-IBIG has been recognized locally and internationally for its contribution in housing. To cite a few: a Triple A minus (Aaa) rating from PhilRatings in 2005 for creditworthiness; UN-Habitat Scroll of Honour in 2006 for providing affordable home financing, making the Fund the first government agency to receive such commendation; Congressional Citation in 2008 for its exemplary contribution in the government’s battle against homelessness and poverty; and Civil Service Commission PASADA Awardee since 2007 for exhibiting the value of customer care and meeting the expectation of the transacting public for prompt, courteous, and responsive service,” he said. Fabiaña assured the Fund that he will continuously refine its housing program to ensure that the dream of homeownership can be easily attained by every Filipino worker. (with ref. Margie Jorillo at 811-4198)


Pag-IBIG Fund works on long-haul program

March 13, 2009

quimbowidjoe4quimbowidjoe5quimbowidprix3(Photo courtesy of Mr. Edgar Arro of Mindanao Times … thank you)  The Home Development Mutual Fund (HDMF) or Pag-IBIG Fund is working on the long-haul program where it seeks to partner with housing developers in providing housing units to prospective homebuyers who are members of the Fund.

Lawyer Romero Federico S. Quimbo, chief executive officer of Pag-IBIG Fund told developers during the recent Mindanao Housing Forum held in Davao City that in support to the long haul program the Fund has earmarked a bigger loan facility this year amounting to P50.50 billion.

Close to 200 participants joined the Mindanao Housing Forum coming from Regions IX, X, XI, XII and XIII.

Quimbo said that Pag-IBIG Fund has enough money for the program and developers can access the fund depending on the kind of program they would avail.

He stressed however that they want to implement lending program that is sustainable yet find ways to make it easier for the developers to access the funds saying that “we want our business sustainable and your (developers) business sustainable too”.

He told the home builders that they need to meet half-way to develop the housing program and the Fund wants to partner with people who are in for the long haul. They invite private sector to come in and invest as they partner with them in delivering homes to the members.

Quimbo said the Fund does not get any subsidy from government and they are the company that must make money because they need to give back to the members in form of dividends out of the money that they use for programs like housing loan.

“If we do not give back in return, the members would think that we are only using their money. We need to give something back to them who are funding the loans to developers,” he said.

He reminded developers that it is the Fund members’ money that they are using through the development loans and Pag-IBIG Fund needs to take care of their fund that is why they see to it that guidelines are followed.

He said out of the 7.5 millon members of the Fund only 10 percent avail of housing loans while the remaining 90 percent has not availed of the program yet contributes to the funds housing loan program.

The housing loan window this year is 53 percent higher than in 2008 of only P34.03 billion. The 2009 will have P43 billion for end-users loan and P7 billion for institutional loan.

He said for a period of ten years the housing loan program allocation in 2001 was only at P3.82 billion followed by P5.40 billion in 2002, P9.32 billion in 2004, P15.30 billion in 2005, P16.10 billion, 2006, and P22.59 billion in 2007.

Quimbo said despite the increased growth they maintain the same budget in 2007 and 2008 of 5 percent as against their revenue of 45 percent.

He said the growth for the past years was at P1.3 billion, but it was only last year they were able to hit P38 billion.


Pag-IBIG Fund to launch Info System Programs

March 13, 2009

quimbotalk61quimbo10

 
 

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.