AFFORDABLE HOUSING. Government officials at the groundbreaking ceremony of Recidenza Rizal housing project in Barangay Real, Calamba City on Monday (April 8, 2024). The Department of Human Settlements and Urban Development said four 12-storey residential building will be built under the flagship program Pambansang Pabahay Para sa Pilipino of President Ferdinand R. Marcos. Jr. (PNA photo by Zen Trinidad)
CALAMBA CITY, Laguna – Nearly 2,000 families stand to benefit from a low-cost housing project in Barangay Real here as part of the Marcos administration’s Pambansang Pabahay Para sa Pilipino Program (4PH) program.
The four 12-story buildings will contain a total of 1,904 individual units, each costing between PHP1.5 and PHP1.8 million, Department of Human Settlements and Urban Development (DHSUD) Assistant Secretary Rosve Henson told reporters during the groundbreaking of Recidenza Rizal on Monday.
“This is a project that will answer the basic need for housing without having to put up equity as compared to other housing projects with an average cost of PHP4 million and above,” Henson said.
He explained that Home Development Mutual Fund (Pag-IBIG Fund) members can amortize the cost of their units over a period of 30 years, but even non-members can avail of a unit if they pay the equivalent of 24 months contribution to the government shelter agency.
Henson said the government can even shoulder part of the interest that will be incurred as part of amortization.
According to Henson, the government will not spend any capital investment because the developer, RH Digos Designworks and Construction, will put up the necessary funds for the construction while the city government will assist in legal requirements and the processing of the housing beneficiaries.
“This is a new concept of city dwelling living in high-rise buildings,” he added. (PNA)
