At least 10,000 housing units will be constructed in Bacolod City, the target is to provide decent homes to informal settlers families in the area, the Department of Human Settlements and Urban Development announced on Tuesday, Nov. 29.
“As the first government financial institution to allot funds for the new housing project, Pag-IBIG Fund shall extend individual housing loans to target beneficiaries pre-qualified and selected by the local government unit,” said Acuzar. The MOA, on the other hand, tasks the DHSUD to facilitate the implementation of the housing project in collaboration with the local government unit and other relevant agencies by acting as the overall enabler, initiator and coordinator.
“We fully welcome the direction of DHSUD in fast-tracking, coordinating, and bringing together all sectors concerned towards the immediate implementation of housing projects in the regions,” Acosta said.