The Home Development Mutual Fund’s full support for Sen. Bong Go’s Balik Probinsya, Bagong Pag-asa Program (BP2) will encourage more participation from Metro Manila residents who want to restart life in the provinces.
HDMF (otherwise known as Pag-IBIG Fund) chief Acmad Rizaldy Moti said in a recent online forum that the agency will cover mortgages of low-income members as long as their private developer partners provide good quality low cost housing. especially in the provinces.
“We will fully support the Balik Probinsya Program of the government,” said Moti.
With decent housing, Filipino families and communities can live and prosper with dignity, Go said.
On 6 May 2020, President Rodrigo Duterte issued Executive Order 114 institutionalizing BP2, which aims to encourage residents of Metro Manila and businesses to settle and invest in regions outside the capital. The EO created an inter-agency council that would craft and oversee the implementation of policies and programs.
“I would like to thank Pag-IBIG for supporting the BP2 Program and their continuing commitment to the poorest members of our society,” said Go.
The BP2 Program, Go said, is crucial in tackling the worsening conditions of the urban poor, like during a health crisis or calamity.
“Para sa mga gustong umuwi ng probinsya, may nakahanda nang protocols ang gobyerno para siguraduhin na ligtas ang pagbyahe at hindi ito magdudulot ng lalong pagkalat ng sakit. May transportation assistance at transitory package na ipapamahagi,” said Go.
“Ang pangunahing layunin natin ay mabigyan sila ng mga oportunidad para umasenso, tulad ng maayos na trabaho, edukasyon, pabahay at suporta mula sa national at local government para makaahon sila sa kahirapan kung piliin nilang bumalik sa kanilang mga probinsya.”
A survey conducted by the Presidential Commission for the Urban Poor shows that many informal settler families (ISFs) are willing to return to the provinces.
As of 30 May 2020, almost 74,000 Filipinos have applied for the BP2 Program. The Commission foresees more ISFs applying once the program is fully implemented.
The current Philippine housing demand exceeds supply. The Pag-IBIG fund has allotted P10 billion for low-cost housing projects in 2020.
In June 2019, Go filed the “National Housing Development, Production and Financing Act of 2019” which shall provide urban poor populations and informal settlers with decent homes as well as create a long-term socialized housing plan in the country.
The proposed law shall provide continuous funding support to implement the major components of the National Housing Development, Production and Financing Program even beyond the Duterte administration.