The Department of Human Settlements and Urban Development (DHSUD) warned the public against individuals and groups encouraging overseas Filipino workers (OFWs) to invest in the government’s housing projects in exchange for attractive return rates.
DHSUD Secretary Jose Rizalino Acuzar issued the warning after receiving reports of investment scam using the government’s Pambansang Pabahay para sa Pilipino (4PH) Program.
“We would like to emphasize that we are not accepting investors for the 4Ph projects. The DHSUD did not authorize any individual or group to transact with any people, including OFWs for this investment scheme,” said Acuzar.
Acuzar then urged the public to report any information regarding private individuals or groups posing as "agents" of 4PH as he stressed that those interested with 4PH should only channel their queries and concerns to DHSUD or their host local government units (LGUs).
He said any information relayed to DHSUD will be handled with utmost confidentiality as he vowed to throw the book against those found abusing 4PH.
"We will exert the full force of the law against these unscrupulous individuals or groups preying on unsuspecting victims. The DHSUD will not tolerate any illegal act meant to discredit or derail the current implementation of 4PH in various parts of the country,” said Acuizar.
He said any suspicion of illegal activities, like solicitations, in connection to 4PH could be reported at (02) 8424-4070, or through email [email protected].