Acuzar cites moves to ‘institutionalize’ PBBM’s flagship housing program
SECRETARY Jose Rizalino Acuzar of the Department of Human Settlements and Urban Development (DHSUD) on Thursday said a legislative more to institutionalize the Pambansang Pabahay Para sa Pilipino program (4PH) will provide a significant push to the housing sector.
Meanwhile, a lawmaker from the Bicol region lauded Acuzar’s initiatives to forge tie-ups with the private sector to build six million affordable homes during the Marcos administration
Acuzar was referring to Senate Bill 2108 filed by Senator Christopher Lawrence Go seeking to legislate 4PH, the flagship housing program of President Ferdinand Marcos Jr., to ensure its sustainability.
He recognized previous efforts to back the housing and urban development sector in terms of funding by Congress, including Senator Francis Tolentino’s measure estabStandard lishing the National Comprehensive Housing Financing Program.
I am so thankful to our senators for supporting President Marcos Jr. in realizing his dream of providing affordable, modern, decent and sustainable housing for homeless Filipinos,” Acuzar said.
Go’s bill aims to bridge the country’s housing gap through a comprehensive plan focused on providing affordable and decent housing for Filipinos, particularly the poor families.
He said his proposed law would ensure that every Filipino could afford a safe and comfortable place to live in.
The bill also provides for a mechanism to subsidize amortization and interest for the beneficiaries, a key feature of the 4PH program.
Potential buyer-beneficiaries must be capable of and committed to paying the subsidized housing loan amortization.
On the other hand, Tolentino’s National Comprehensive Housing Financing Program proposes to automatically appropriate funds for the government’s housing agencies to ignite a large-scale program such as the 4PH for the country to catch up with the housing backlog and provide a home for every Filipino.