NEDA taps private sector in housing needs

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The private sector plays a crucial role in addressing the country’s housing requirements as the Duterte administration commits to providing shelter to Filipinos.

Speaking at the PHirst Park Homes Inc., a joint venture between Century Properties Group Inc. and global business enterprise Mitsubishi Corporation, Socioeconomic Planning Secretary Ernesto Pernia acknowledged mass housing remains one of the biggest challenges faced by the government.

Data from the National Economic and Development Authority (NEDA) estimates nearly 6.8 million units in housing requirement between 2017 to 2022 because of the rising population, rural-urban migration and urbanization.

“As of December 2016, we still have a housing backlog of more than two million,” Pernia said.

To address the housing needs, the administration launched the BALAI Filipino program last year, which stands for “Building Adequate, Livable, Affordable and Inclusive” Filipino Communities. He said BALAI Filipino is the Duterte administration’s 10-year national housing program strategy to close the country’s housing gap with key shelter agencies working closely together.

“The program aims to improve the government’s efforts in addressing Filipino’s housing needs with the private sector playing a significant and pivotal role and this is exactly exemplifies by the sharing, by the cooperation between Century and Mitsubishi Corp.,” he said.

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