LAOAG CITY – About 2,400 individuals on Thursday signed up to avail of the low-cost housing project of the city government here and a property developer which is eyed to break ground in Barangay 31 Talingan in December this year with an initial 600 units.
Baltazar Acapuyan Adra, 55, single, of Barangay Magnuang in Batac City, Ilocos Norte, and a former utility worker in the municipality of Paoay, in an interview Thursday, said that as soon as he learned about the implementation of the national government’s Pambansang Pabahay para sa Pilipino (4PH) program in Laoag, he immediately inquired about it and signed up for the needed documents on the same day.
“This is a good opportunity for me and my mother to have a house on our own,” Adra said, citing that the minimum PHP2,500 monthly amortization of the housing unit is within his budget.
Miguel Puig, marketing officer of El Sands Residences, the property developer, told the Philippine News Agency that applicants would be assessed if they were qualified to avail of the program.
“Even low-income earners can avail of the program since the government, through the Pag-IBIG Fund, is giving a 5 percent subsidy to eligible applicants of the housing unit, which is payable in 30 years,” he said.
Launched in September 2022, the 4PH program is a government housing program being implemented by the Department of Human Settlements and Urban Development in collaboration with other government agencies to address some 6.5 million housing backlogs for the poor.
"I am very happy that we are the first in the entire region to implement this initiative of our beloved President Ferdinand “Bongbong” Marcos, Jr.,” Laoag City Mayor Michael M. Keon said Wednesday following the signing of a memorandum of agreement with EL Construction & Development Group, Inc., the contractor and developer of the 106,000 square meter property in Talingaan village, which will be soon called EL Sands Residences.
The European-style housing project will be comprised of a total of 4,600 units spread across 46 five-story buildings, with each floor accommodating 20 units. (PNA)