Over a thousand families living in danger zones across Bacoor City, Cavite will benefit from the latest project implemented by the Social Housing Finance Corporation (SHFC), according to the Department of Human Settlements and Urban Development (DHSUD).
The DHSUD said a total of 1,440 units will be built under SHFC’s Community Mortgage Program and will benefit families living in danger zones across Bacoor City. The units will be built in Barangay Molino 1 in Bacoor City.
The agency said that the project, dubbed Ciudad de Strike Phase I, is the third low-rise housing project turned over by SHFC over the past two months.
“Ito po ang proyekto na subsidized housing na pinapairal ng national government with direct coordination with the LGU with a subsidized rate. Pinababa po namin nang husto ang interest rate dahil yan po ang utos ng ating mahal na Pangulo to ensure na tulungan ang ating mga kababayan—81 percent of Filipinos—to have their own dream house,” Secretary Eduardo del Rosario said in a news statement.
Del Rosario reiterated that housing is a right of every Filipino family and it is the department’s responsibility to capacitate the underprivileged in having access to decent and affordable housing, as well as ensure that no substandard housing project is built under the Duterte administration.
Also gracing the event were SHFC President Arnolfo Ricardo Cabling, Cavite 2nd District Rep. Strike Revilla, Bacoor City Mayor Lani Mercado-Revilla, other local officials and recipients of the housing units.
Cabling, for his part, said the project is in line with President Duterte’s directive to expand the government’s housing program nationwide.
He likewise expressed hope that the project will become an example and inspiration for other LGUs in helping provide decent and affordable shelter to the needy.
In November, the key shelter agency also handed over a total of 374 housing units to informal settler families in two high-density housing structures in Malabon City and Quezon City.