QUEZON CITY (PIA) -- Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Rizalino Acuzar expressed his support for Senate Bill 2108 filed by Senator Christopher Lawrence "Bong" Go.
The bill aims to institutionalize the Pambansang Pabahay para sa Pilipino Housing (4PH) Program, the flagship housing program of President Ferdinand R. Marcos Jr., to ensure sustainability.
The 4PH program aims to build one million housing units annually until 2028 to address the country's housing gap. The bill provides a mechanism to subsidize amortization and interest for the beneficiaries, with potential buyer-beneficiaries required to commit to paying the subsidized housing loan amortization.
Additionally, the National Comprehensive Housing Financing Program proposed by Senator Francis Tolentino seeks to automatically appropriate funds for the government’s housing agencies.
DHSUD has promised full support to the bill and all other related measures in Congress.
Secretary Acuzar emphasized the importance of institutionalizing the Pambansang Pabahay to ensure its support by future administrations until the mission of providing decent shelter for all Filipinos is complete.