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Marcos urges Congress to include housing amortization support in next budget

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Job Manahan, ABS-CBN News 

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="President Ferdinand R. Marcos, Jr. joins House Speaker Martin Romualdez, Quezon City Mayor Joy Belmonte and Department of Human Settlements and Urban Development (DHSUD) Secretary Jose “Jerry” Acuzar during the groundbreaking ceremony of the Pambansang Pabahay para sa Pilipino (4PH) project aas part of the Batasan Development Urban Renewal Plan at the Batoda Terminal, Commonwealth Avenue cor. IBP road in Quezon City on January 31, 2023. Jonathan Cellona, ABS-CBN News" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2023/tvpatrol/01/31/president-ferdinand-r-marcos,-jr.jpg"/><figcaption>President Ferdinand R. Marcos, Jr. joins House Speaker Martin Romualdez, Quezon City Mayor Joy Belmonte and Department of Human Settlements and Urban Development (DHSUD) Secretary Jose “Jerry” Acuzar during the groundbreaking ceremony of the Pambansang Pabahay para sa Pilipino (4PH) project aas part of the Batasan Development Urban Renewal Plan at the Batoda Terminal, Commonwealth Avenue cor. IBP road in Quezon City on January 31, 2023. Jonathan Cellona, ABS-CBN News</figcaption></figure></div>MANILA — President Ferdinand Marcos, Jr. on Tuesday urged Congress to set aside funds in the national budget to subsidize the monthly amortization of government housing beneficiaries. Speaking to tricycle drivers and operators who are beneficiaries of the housing project in Batasan, Quezon City, Marcos said he and Housing Secretary Jerry Acuzar are mulling some P1-billion worth of initial subsidy for this. &quot;Many of our beneficiaries could not... afford the monthly amortization of these units,&quot; Marcos said. <ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/news/11/23/22/housing-dept-breaks-ground-in-bid-to-build-6-million-homes-for-pinoys">Housing dep&#x27;t breaks ground in bid to build 6 million homes for Pinoys</a></li>	<li><a href="https://news.abs-cbn.com/news/12/05/22/mid-rise-high-rise-units-eyed-for-public-housing-marcos-jr">Gov&#x27;t eyes mid-rise, high-rise units for public housing, says Marcos Jr.</a></li></ul>&quot;I now call on Congress for your support including housing interest support as part of the regular appropriations for the succeeding years,&quot; he added. &quot;Siguro maglalagay tayo diyan, pag nakaharap tayo ng pera diyan, mga P1 billion to start with para mayroong tayong subsidy na maibibigay para sa mga tenant.&quot;<blockquote class="twitter-tweet">DEVELOPING: President Ferdinand Marcos, Jr calls on Congress to &quot;support&quot; housing interest as part of the national spending plan &quot;for the succeeding years.&quot; <a href="https://twitter.com/ABSCBNNews?ref_src=twsrc%5Etfw">@ABSCBNNews</a>— Job Manahan (@jobmanahan) <a href="https://twitter.com/jobmanahan/status/1620249126062653441?ref_src=twsrc%5Etfw">January 31, 2023</a></blockquote><div><script async="" src="https://platform.twitter.com/widgets.js" charSet="utf-8" type="text/javascript"></script></div>Acuzar said this does not mean that the interest subsidy would cover all the tenant&#x27;s fees, as it only aims to lower their monthly amortization rate. &quot;More or less, lumalabas na P3,500 to P4,000. Minsan... P8,000 ang normal. Kapag with the interest subsidy, P3,000, depending sa location,&quot; Acuzar told reporters during a chance interview.&quot;Mayroon kaming pinag-uusapan na P1 billion for this year, by next year since naumpisahan na natin at kuhanan na ng units, doon kailangan ng mas maraming interest subsidy,&quot; he said. The housing project under the Pambansang Pabahay Para sa Pilipino Housing (4PH) in Batasan features two 33-story buildings with a total of 2,160 units, &quot;planned to become both commercial and residential,&quot; the housing department said. <ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/news/10/27/22/dhsud-reaffirms-commitment-to-build-6m-houses">DHSUD reaffirms commitment to build 6M houses under Marcos admin</a></li></ul>It will also improve the Batasan TODA (Batoda) terminal, which is currently surrounded by several retail stores. Vendors will be temporarily relocated.Four to five individuals can live in one housing unit, said Acuzar. Hundreds of beneficiaries will come from the Batoda, considered the biggest tricycle operators and drivers association in the country. Interested applicants for housing can apply in the Quezon City hall but they must not possess any real estate to qualify. Quezon City Mayor Joy Belmonte said the housing project affirms the government&#x27;s goal to protect citizens and provide decent shelter to poor Filipinos. Aside from this, a groundbreaking for another housing project took place in Cauayan City, Isabela. This features 9 5-story buildings &quot;complete with recreational parks and amenities.&quot;

Many government housing beneficiaries could not afford the monthly amortization of their units, Marcos said.

Marcos urges Congress to include housing amortization support in next budget

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Marcos urges Congress to include housing amortization support in next budget

Job Manahan,

ABS-CBN News

Published Jan 31, 2023 02:28 PM PHT

|

Updated Jan 31, 2023 02:39 PM PHT

Read More:

housing

Pambansang Pabahay para sa Pilipino Housing

4PH

Batoda

Batoda housing project

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