The Department of Human Settlements and Urban Development (DHSUD) called on “government employees, uniformed personnel, teachers, members of the media, and the private sector if you need housing unit magpa-identify na kayo.”
DHSUD-XI Regional Director lawyer Miguel Palma Gil urged the public who would want to apply for the government-led housing program to start the process of identifying themselves as beneficiaries.
He said the Pambansang Pabahay Para sa Pilipino Program (4PH) flagship housing project is open to those who want to have a home of their own.
The government is targeting an estimated 380,000 housing units in Davao Region, mostly in the form of 27-28 square-meter condominium units.
Palma Gil said the monthly amortization for a 4PH condominium unit will be around P3,500 per month.
“However, we are working so that for the first five years will be P2,700 and the next five years will be P3,500,” he revealed.
Palma Gil said the reason for the low amortization is the lower cost of the unit, which is P1.26 million for a 28-square-meter housing unit. He added that regular condominium units with a floor area of 18 square meters will cost P3 million to P4 million.
“And kung buyer beneficiary ka subsidized sa DHSUD ang 5% interest you are only required to pay the principal and 1% that is why napababa namo to 3,500 pesos kada bulan (we lowered it to 3,500 pesos per month),” the DHSUD-11 chief said.