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SHDA submits housing road map to address backlog

By Louella D. Desiderio (The Philippine Star) Updated October 25, 2012 12:00 AM

MANILA, Philippines - The Subdivision and Housing Developers Association (SHDA) has submitted to the Department of Trade and Industry (DTI) a proposed road map which seeks to help address the country’s housing backlog.

The country’s housing backlog is estimated to reach 4.56 million units by the end of 2016.

“Before the road map process, the industry is aware that a housing backlog exists but the extent was noy very clear. Now that we have prepared the road map, we were able to probe the issues affecting our value chain and the factors that could help it grow,” SHDA president Paul Tanchi said.

He said one of the priority strategies identified is for faster processing of housing permits and licenses.

He said there is also a need to sustain affordability of housing through financing schemes.

“We recognize the need for stronger collaboration among industry players, key shelter agencies and the national government to address these gaps,” he added.

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