The Department of Human Settlements and Urban Development announced on Monday that it is open to suggestions to further enhance the Pambansang Pabahay para sa Pilipino Housing Program, which aims to address the decades-old housing backlog in the country.
DHSUD Secretary Jose Rizalino Acuzar said that they are willing to listen to recommendations from all stakeholders, particularly lawmakers, on how to improve the program.
"President Bongbong Marcos Jr. and the entire government are doing everything to solve the decades-old housing problem. The 4PH is our solution, because it is a new concept and a big difference from the previous housing programs, and it can still be improved so we welcome all recommendations," Acuzar said.
The DHSUD is now rolling out the 4PH nationwide, which aims to address the country's housing need of more than 6.5 million units that have accumulated over the years.
"Our doors are open at the DHSUD and we are ready to listen and work with everyone to help our countrymen who dream of having their own decent and affordable home," Acuzar said.
Unlike previous government housing programs that heavily depended on the national budget, the DHSUD is tapping private funds and investible funds from government financial institutions in the implementation of 4PH.
Under the 4PH, private developers and contractors would be given access to developmental loans to jumpstart housing projects. Upon completion and turnover to beneficiaries, the government would provide interest support of up to 5 percent to keep the monthly amortization affordable to the beneficiaries.