BACOLOD CITY – President Ferdinand R. Marcos Jr. will lead the turnover of the socialized housing project dubbed Yuhum Residences here on December 20.
MAYOR Alfredo Abelardo ‘Albee’ Benitez accompanies Secretary Jose Acuzar of the Department of Housing and Urban Development (DHSUD) during a visit to the Yuhum Residences in Barangay Vista Alegre, Bacolod City on November 10. (Photo courtesy of Bacolod PIO)
Mayor Alfredo Abelardo “Albee” Benitez, in a press briefing on Tuesday, November 14, said that 288 qualified residents will initially benefit from the project under the government's Pambansang Pabahay Para sa Pilipino (4PH) program.
Benitez said the project is really designed for informal settlers. “We’re creating a better housing unit. They will now have the security of owning their own house,” he added.
The Bacolod mayor accompanied Secretary Jose Acuzar of the Department of Housing and Urban Development (DHSUD) and real estate developer William Scheirman Jr. during their visit at Yuhum Residences in Barangay Vista Alegre on November 10 to review the progress of work.
Benitez said that this is the first implementation of 4PH in the country.
Awardees earning the equivalent of the minimum monthly wage of P10,000 and qualified to take-out Pag-IBIG long-term housing loans will benefit from the DHSUD subsidy and will pay reduced monthly amortizations of P2,300 over a period of 30 years.
The structure is composed of 20 four- to five-story mid-rise condominium buildings.
Benitez said the highlight of this program is not just the units that are affordable but also the facilities that come with it.
He said the first structure is almost done while the second one is being finished.
The mayor said that they will put more amenities and facilities just like an open development. “We would like to upgrade it and make them feel as if it’s really an open market development,” he added.
Benitez said there’s also a proposal to establish the first Greenlane route in the area dedicated for electric public transport.
During Acuzar’s visit, they agreed to establish a wide open-space, a park with a large swimming pool, a clubhouse and multi-purpose hall, a basketball court, commercial spaces, and parking lots.
Aside from this site, Benitez said that they are also eyeing to put up the same project in Barangays Estefania and Banago and other locations to address the housing problem of more than 50,000 informal settlers here.