6.5 million housing units needed for informal settlers nationwide — DHSUD

Aileen Cerrudo   •   September 9, 2021   •   176

MANILA, Philippines — At least 6.5 million housing for informal settlers are needed nationwide, according to the Department of Human Settlements and Urban Development (DHSUD).

DHSUD Secretary Eduardo Del Rosario reported that the department already accomplished 1.07 million housing which is 89% out of the 1.2 million housing target for 2022.

Del Rosario said they are on track with the mission. However, he lamented that it is still far from the 6.5 million target units.

“Concerning the 6.5 million housing needed nationwide, medyo mababa ito (it is low) because that is only 20% of the total requirement,” he said.

Del Rosario said that from 2017 to 2021, the department’s budget is only ranging from about P4 billion to P5 billion, or only 10% of the recommended budget for their housing projects.

The official also added that the department needs P50 billion in order to address housing challenges in the country.

“Housing is capital intensive. Kailangan natin ng pondo (we need funds). We have been saying that we need P50 billion a year para makapagpagawa tayo and mai-transfer natin ang mga informal settler families to safer grounds (to build and transfer informal setter families to safer grounds),” he said.

Meanwhile, for the construction projects during the pandemic, Del Rosario reported that production decreased by 28% in 2020. However, he said the production this year has been improving. AAC

Manila begins construction of city’s fifth housing projects for informal settlers

Aileen Cerrudo   •   August 30, 2021

MANILA, Philippines — The Manila City government has begun construction of the 20-storey Pedro Gil Residences.

The local government broke ground on Monday (August 30) the city’s fifth housing project for informal settlers and renters.

Manila City Mayor Francisco ‘Isko Moreno’ Domagoso led the groundbreaking ceremony of the Pedro Gil Residences located in San Andres Bukid.

The Pedro Gil Residences will have 125 parking slots, a health center, five elevators for residential units, swimming pool, activity lawn, function room, fitness center, roof garden on the 6th-floor roof deck, five units of rentable space, outdoor activity area at 7th, 13th, and 18th floors, and a roof deck basketball court.

Manila City Mayor Isko Moreno Domagoso said that the construction of the said housing project aims to uplift the status of the informal settlers in the nation’s capital.

“We will not stop. We will put a roof over people’s heads. Bibigyan natin ng kapanatagan sa pamumuhay ang mga taong habangbuhay na lang nangungupahan. We will give them homes,” he said.

Domagoso was joined by Manila City Vice Mayor Honey Lacuna-Pangan, City Engr. Armand Andres, City Arch. Ely Balmoris, and City Health Officer Arnold Pangan during the groundbreaking ceremony.

Meanwhile, the Manila City government targets to complete the construction of Tondomnium 1 and 2, as well as Binondominium, within the year. AAC

Manila City to construct three new housing projects for informal settlers

Aileen Cerrudo   •   July 16, 2021

MANILA, Philippines—The Manila City Government is set to construct three new housing projects to continue to address the plight of informal settlers.

Manila City Mayor Isko Moreno Domagoso on Thursday (July 15) said the housing projects will be constructed in San Sebastian, San Lazaro, and Pedro Gil areas. According to Domagoso, the San Sebastian Residences, San Lazaro Residences, and Pedro Gil Residences will be a 20-storey high building with 300 units each and health center based on the ground floor.

“If Singapore did it, Manila can do it. Ang mga pinatayo nating bahay ang magbabalik ng dignidad sa buhay ng mga Manilenyo (The housing we have constructed will bring back the dignity in the lives of Manileños). There will be an opportunity for them,” he said.

Domagoso previously led the inauguration of the 42-square meters two-storey townhouse unit called BaseCommunity last July 5. The unit includes two bedrooms, one living room, one kitchen, one laundry area, one toilet and bath area.

According to the Manila Public Information Office (MPIO), the future housing projects is on top of the ongoing construction of city government’s flagship housing projects called Tondominium 1, Tondonminium 2, and Binondominium. All of which are now more than 50% complete. AAC

Pag-IBIG Fund members save record-high P10.7B in MP2 Savings in Jan-May 2021, up 109%

UNTV News   •   June 23, 2021

Pag-IBIG Fund members collectively saved P10.67 billion under the agency’s voluntary Modified Pag-IBIG 2 Savings program in the first five months of the year, setting another record-high despite the ongoing health crisis, top officials of the agency said on Monday (June 21).

“We are happy to report that despite the impact of the pandemic to our economy, the amount saved by our members in the MP2 Savings from January to May of this year has reached P10.67 billion. This amount is a record-high for any January to May period in our history and hence, speaks highly of the trust that our members have in Pag-IBIG Fund,” said Secretary Eduardo D. del Rosario of the Department of Human Settlements and Urban Development and Chairperson of the 11-member Pag-IBIG Fund Board of Trustees.

We would like to assure our members that we will continue to safeguard their savings and do our best to gain the best possible return for every hard-earned peso they save with us. This will also go a long way in helping us serve more members by providing funds for their cash loans and home loans, all in line with President Rodrigo Roa Duterte’s directive to help uplift the lives of more Filipinos especially during these difficult times,” he added.

The MP2 Savings is Pag-IBIG Fund’s voluntary savings program that has a 5-year maturity period and a minimum savings requirement of only P500. Made available to members in 2010, the MP2 Savings has seen phenomenal growth over the last 5 years due to the program’s consistently high dividends. In 2020, amid the pandemic-induced economic slowdown, the program still posted a 6.12% annual dividend rate.

Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy P. Moti cited the MP2 Savings’ remarkable growth, noting that even in midst of the pandemic, more members continue to save in the program.

“It was only in 2017 when collections from our MP2 Savings surpassed the P1 billion-mark, which was then a historic feat. By the end of 2020, in a span of just three years, MP2 Savings reached a record-high P13.28 billion, surpassing the previous high of P12.01 billion saved by our members in 2019 – an 11% growth,” said Moti.

“This year, despite the ongoing health crisis, MP2 Savings continue to increase as collections in January to May are up by 109% compared to the same period last year. In fact, the amount of MP2 Savings collected in the first five months of 2021 is already equivalent to 80% of the P13.3 billion saved in MP2 for the entire year of 2020. We thank our members for their continued support and enduring trust that despite the challenging times, they opt to save voluntarily in our MP2 Savings Program,” he added.

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