Marcos eyes P1-B starting fund for housing subsidy | Samuel P. Medenilla

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Marcos eyes P1-B starting fund for housing subsidy | Samuel P. Medenilla
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President Ferdinand R. Marcos Jr. is eyeing an initial P1-billion budget to jumpstart the proposed housing subsidy program of the Department of Human Settlements and Urban Development (DHSUD). Know more:

PRESIDENT Ferdinand R. Marcos Jr. is eyeing an initial P1-billion budget to jumpstart the proposed housing subsidy program of the Department of Human Settlements and Urban Development .

“Once we find the finding source for it, we will probably allocate an initial 1 billion [pesos] to provide subsidy to our new tenants,” Marcos said at the groundbreaking ceremony of the Pambansang Pabahay Para sa Pilipino Housing Project in Quezon City last Tuesday. The initiative is part of DHSUD’s comprehensive plan to construct 6 million “decent and affordable” housing units by 2028.

Marcos assured the projects will be “sustainable human settlements,” wherein residents will not only have “sturdy homes” but also access to amenities such as schools, markets, hospitals, economic opportunities, government services, and social activities.

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