by Florencio P. Narito
[ manilastandardtoday.com ] October 22, 2011
LEGAZPI CITY--Vice President Jejomar Binay, chairman of the Housing and Urban Development Coordinating Council, said a P300 million loan from the Home Development Mutual Fund or Pag-IBIG is available for local government units in Bicol under the Group Housing Loan Program this year.
Speaking on “Strengthening Local Government Units in Housing Delivery and Local Development Planning” at the Pabahay Caravan last week, he cited the urgency of an efficient shelter program in the region.
“The Pag-IBIG Group Housing Loan Program aims to sustain the capabilities of LGUs to fast-track the development and implementation of housing projects in their respective localities,” he told top shelter officials and stakeholders.
Joining Binay in the caravan were lawyer Antonio Bernardo, commissioner and chief executive, Housing and Land Use Regulatory Board; lawyer Darlene Marie Berberabe, HDMF chief executive; Ma. Ana Oliveros, Social Housing Finance Corp. president; lawyer Chito Cruz, National Housing Authority genral manager; laweyer Manuel Sanchez, Home Guaranty Corp. president; and Joseph Peter Sison, National Home Mortgage Finance Corp. president.
Also present was lawyer Felix William Fuentabella, HUDCC deputy secretary general.
Binay said Pag-IBIG had set aside P800 million for multipurpose and calamity loans in Bicol which is prone to typhoons and floods.
Previous calamity loan borrowers have been granted a 3-month moratorium on amortizations.
“The Aquino administration is proud to announce that for the first time the indigenous people are now covered by the government housing programs,” he said, noting that the NHA built a resettlement site for 35,000 families.
Binay presented a check worth P 8.5 million for electrification of Taysan Ressettlement Site at Taysan to Legazpi Mayor Geraldine Rosal and her husband former mayor and now City Administrator Noel Rosal.