The Home Development Mutual Fund (HDMF) or Pag-IBIG Fund will embark on more housing projects in Mindanao in partnership with the government and the private sector.
This was revealed by Acmad Rizaldy Moti, PAg-IBIG acting chief executive officer, who said they will continue building affordable housing units in unserved and underserved areas.
“What I have in mind is to target employees of universities and colleges, and also public hospitals and local government units,” he said on Monday.
He said they have done this in Zambales where shipbuilding company Hanjin has built houses for its employees. Hanjin utilized its 30-hectare land where about 2,700 housing units were built. Units have either one bedroom at PHP400,00; two bedrooms at PHP500,000; and three bedrooms at PHP600,000.
We want to replicate this nationwide, he said.
“We have to keep on building what we have given the huge momentum on the part of the Fund. We will continuously generate what we currently call the Pag-IBIG-led projects for countryside development,” he said.
In Mindanao, Pag-IBIG Fund has already turned over some units in Polomolok for the Dole- Philippines Gawad Pag-IBIG project, with the package cost per unit at PHP450T. It is duplex-type unit with two bedrooms on a 30 to 35 square-meter floor area. The lot area is 70 square meters.
The Pag-IBIG in Davao also started a similar project with the Philippine Association of Detective and Protective Agency Operators, Inc. (PADPAO) in Mintal.
“We want more of these projects because we have members in the millions who have yet to avail of the housing service of the Fund,” he said.
Under this project, the Fund will pre-approve beneficiaries, who can look for contractor or developer to build the houses under an agreed design.
Moti said the developers get paid as soon as they complete the project.
The cost is lower because there is no more marketing expense on their part because Pag-IBIG Fund does it through its Business Development Office, he said.
For 2017, Moti said Pag-IBIG aims for five projects in Mindanao.(PNA) BS/LCM/DB/LDP