DHSUD seeks ‘28 zero housing backlog
Acuzar bared that DHSUD will partner with private developers and financial institutions to develop inclusive approaches to fast-track housing production.
Acuzar bared that DHSUD will partner with private developers and financial institutions to develop inclusive approaches to fast-track housing production.
The Department of Human Settlements and Urban Development is targetting to address 6.5 million housing backlogs as part of its long-term solution.
DHSUD Secretary Jose Rizalino Acuzar said the government plans to build an average of one million housing units annually until the end of the Marcos administration to further improve the living conditions of every Filipino.
The government target of zero housing backlogs will be anchored on its "Pambansang Pabahay para sa Pilipino" (national housing for Filipinos) program, he added.
Acuzar, likewise, bared that DHSUD will be partnering with private developers and financial institutions to develop inclusive approaches to fast-track housing production.
"The housing sector in the country needs aggressive efforts. Therefore, we have to involve every stakeholder that can take part in this advocacy of the new administration — that is to provide shelter to millions of Filipinos," he said.
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George Siy, chairman of the Subdivision Housing Development Authority — the largest housing developers association in the country — described the DHSUD's plan to build at least one million houses yearly as "timely" noting that it would serve as "very powerful base for economic recovery and future-proofing" of the country.
"This is the best time for home production and ownership to be massively accelerated to bring more people in low-income ends into the fixed asset-owning side of the economy at the earliest time, especially given the forecasted global economic headwinds and inflation," Siy said.
The SHDA chief also cited the need to prioritize the housing sector as it can be an "economic catalyst" to better revive the economy hit hard by the global health crisis.
"Homeownership has been proven to lead to better peace and order, educational outcomes of children, accelerated economic development, more civic participation. The benefits are especially strong for low-income households," he added.
Siy added that the housing sector serves as one of the key pillars in nation-building.
"There is no economic, financial inclusion today without home ownership because it is the asset that rises in value along with the development of an economy," he noted.
Acuzar earlier cited the crucial roles of the local government units in the national government goal of "gradually addressing issues of informal settler families" nationwide.
