PBBM vows affordable housing To set P1B fund to subsidize amortization for gov’t low-cost homes READ MORE
President Ferdinand Marcos Jr. said he is looking at a P1 billion subsidy to reduce monthly amortizations for recipients of the government’s low-cost housing units.President Ferdinand Marcos Jr. leads the groundbreaking ceremony for the National Pabahay Para sa Pilipino Housing Project – Batasan Development and Urban Renewal Plan on Tuesday, January 31, 2023.
“Perhaps, if we find a funding source, we will allot P1 billion to start with the distribution of subsidies for our future tenants,” he said.President Marcos thanked the DHSUD for leading the national government’s flagship housing program, and the Quezon City local government for its allocation of land and financial resources for the housing project.
The first phase of the Batasan area’s redevelopment will include the construction of two 33-story buildings with a total of 2,160 housing units planned to become both commercial and residential. Acuzar said the monthly amortization could be lowered with the help of an interest subsidy. With such a subsidy, instead of P8,000, a family could pay P3,500 to P4,000, he said.
Speaker Ferdinand Martin G. Romualdez on Tuesday expressed confidence that President Ferdinand Marcos Jr.’s target of building 6 million housing units during his six-year administration is attainable.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Death toll from floods, landslides climbs to 43, agricultural damage hits over P1B - BusinessWorld OnlineTHE DEATH toll from flooding and landslides prompted by persistent rains since December has climbed to 43 while eight others have been reported missing, according to Jan. 30 update of the national disaster management council. Rains are expected to continue this week in affected areas, including southern parts of Luzon, eastern Visayas, and parts of […]
Read more »
Czech president-elect to speak to Taiwan president in diplomatic breakthroughThe Czech Republic, like most countries, has no official diplomatic relations with Chinese claimed Taiwan, but the two sides have moved closer together as Taipei seeks new friends in Eastern and Central Europe.
Read more »
In diplomatic coup, Taiwan president speaks to Czech president-electTaiwan President Tsai Ing-wen held a telephone call with Czech President-elect Petr Pavel, a highly unusual move given the lack of formal ties between their countries and a diplomatic coup for Taipei that is sure to infuriate China. | Reuters
Read more »
In diplomatic coup, Taiwan president speaks to Czech president-elect - BusinessWorld OnlineTAIPEI/PRAGUE — Taiwan President Tsai Ing-wen held a telephone call with Czech President-elect Petr Pavel on Monday, a highly unusual move given the lack of formal ties between their countries and a diplomatic coup for Taipei that is sure to infuriate China. The two leaders stressed their countries’ shared values of freedom, democracy and human […]
Read more »
House bills allows PBBM to hold PhilHealth rate hikeLeaders of the House of Representatives, headed by Speaker Martin Romualdez, have filed an urgent bill seeking to empower President Ferdinand Marcos Jr. to suspend the increase in premiums of “direct contributors” of the Philippine-- READ MORE:
Read more »
PBBM, senators to talk economyPresident Ferdinand Marcos Jr. will meet with senators Tuesday to discuss how to spur economic growth. 'After the Vin de
Read more »