The Government Service Insurance System (GSIS) on Monday said it will soon launch its low-cost housing program wherein government employees would just have to pay P12,000 monthly for a 40-square meter condominium unit.
GSIS President and General Manager Arnulfo Veloso said the state pension fund is now ready to launch its latest housing program during its anniversary this month, which is expected to be graced by President Ferdinand R. Marcos Jr.
In December last year, the GSIS signed a memorandum of understanding with the Department of Human Settlements and Urban Development for the housing program for government employees. (Related story: https://businessmirror.com.ph/2022/12/21/gsis-set-to-launch-housing-program-for-government-workers/)
Under the housing program, Veloso explained that the government employees would just have to pay P12,000 monthly for a 40-square meter condominium unit without the need to shoulder the downpayment.
“At this price, we are sure that the government employees with low-income or those with low salary grade will be given a home,” Veloso said in a news briefing on Monday.
Veloso said the GSIS has already identified an initial site in Fairview, Quezon City for the housing units. The GSIS is looking to build three buildings in the area, with each property capable of having 200 units.
“Kung sinasabi po na basic right po ng isang mamamayan ay ang bumoto, gusto ko pong idagdag na ang isa pong right ng isang mamamayan ay ang magkaroon po ng dignidad sa pamamagitan ng magkaroon ng bahay,” he said.
“At sisiguraduhin po natin lahat po ng miyembro ng gobyerno o ang ating tinatawag na mga kawani ay magkaroon po ng dignidad sa pamamagitan ng pagkakaroon ng matatawag nilang sarili nilang bahay,” he added. (If we say that voting is a basic right of citizens, I just want to add that it is also their right to have dignity by having a home. And we will make sure that all members of the government will have dignity by having a home of their own)
The GSIS housing program is in support of the Marcos administration’s flagship housing program dubbed as the Pambansang Pabahay para sa mga Pilipino that seeks to address the country’s 6.5 million housing backlog.