Hiling na sovereign guarantee ng DHSUD, inaprubahan ni PBBM

Transcript

00:00President Ferdinand R. Marcos Jr. has now approved the sovereign guarantee for the government's housing programs

00:09so that the price of houses can be more affordable.

00:12DHSUD has now removed the private developers from the 4PH program.

00:18Joshua Garcia has the details.

00:24The Department of Human Settlements and Urban Development has now removed the private developers

00:28from the 4PH program so that the funds can be used for private sector projects

00:35and to lower the price of the houses they are building.

00:38I removed the developers who are in charge and who are selling.

00:45Why would I sell if the market is already there?

00:48You don't need developers, you don't need pre-selling, you don't need agencies.

00:54Remove those unnecessary expenses so that you can lower the price.

00:58In addition to this, President Ferdinand R. Marcos Jr. has now approved the DHSUD's sovereign guarantee

01:04that will help to speed up the construction of houses and reach their target of 1.2 million units by 2028.

01:11But the agency hopes that they will reach the target of 3.2 million units

01:15depending on the government's capacity to issue this subsidy.

01:18Aside from the affordable price of the houses, President Marcos also ordered

01:22the proper and quality of the houses to ensure that the communities that will benefit from this will be prosperous.

01:28The rich should feel what the poor should feel.

01:34That is the President's instruction.

01:36Secretary, there should be no difference between what the private sector is selling and what the 4PH is doing.

01:44That is the President's strong will.

01:46According to the latest DHSUD data, more than 50 projects are currently under construction

01:50that are mostly used by private funds.

01:52That is why the sovereign guarantee will help for developmental loans and subsidies to reduce amortization.

01:59According to the DHSUD, 12,000 units have been allocated this year

02:04while 162,381 units are under ongoing construction and land development throughout the country.

02:11Joshua Garcia for Pambansang TV in Bagong, Philippines.