Creba sup­ports Ar­royo’s hous­ing fund bill

Manila Times - - Public Square -

Creba Na­tional Chair­man Char­lie Go­rayeb THE CHAM­BER of Real Estate and Builders As­so­ci­a­tions Inc. (Creba) has ex­pressed its sup­port to House

Glo­ria Ma­ca­pa­gal-Ar­royo, which seeks to cre­ate a Com­pre­hen­sive Home Fi­nanc­ing Pro­gram (CHFP).

to de­liver hous­ing for its peo­ple, gov­ern­ment must pro­vide af­ford­able and long-term sources of home loans for the mil­lions of home­less Filipinos, es­pe­cially the low-in­come earn­ers,” Char­lie Go­rayeb, Creba’s na­tional chair­man ex­plained.

The pro­gram will en­ti­tle all in­come-earn­ing Filipinos to fixed, low-in­ter­est, long-term hous­ing loans whether or not they are members of the So­cial Se­cu­rity Sys­tem (SSS), Gov­ern­ment Ser­vice In­sur­ance Sys­tem (GSIS), or the Pag-lBIG Fund.

Creba’s sup­port to the pro­posed bill stems from its 5-point agenda for hous­ing, a pack­age of sug­gested re­forms col­lec­tively de­signed to ac­cel­er­ate an­nual hous­ing pro­duc­tion to the level of 500,000 units in or­der to build a total of 10 mil­lion homes in a span of 20 years.

House Speaker Glo­ria Ma­ca­pa­gal-Ar­royo

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