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Manila Bulletin devider Philippines devider National devider DHSUD: P350M loan for Palayan City township project released; 35 more housing projects ongoing

DHSUD: P350M loan for Palayan City township project released; 35 more housing projects ongoing

Published Feb 14, 2024 10:33 am

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DHSUD Secretary Jose Rizalino Acuzar witnesses the turn over of almost P350 millioncheck for an approved developmental loan from Pag-IBIG Fund, headed by CEO Marilene Acosta, to PCHC-CSE Builders Joint Venture Company Ltd., represented by Atty. Wilma Eisma. Also in attendance are DHSUD Undersecretaries Emmanuel Pineda and Avelino Tolentino III, Pag-IBIG Fund Deputy CEOs Alex Aguilar and Benjie Felix Jr., Atty. Marcial Pimentel Jr. (photo: DHSUD)
 

The Home Development Mutual Fund, or Pag-IBIG fund, has turned over almost P350 million loan to the developer of a housing project in Palayan City in Nueva Ecija in support of the government’s mass housing program.

Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Rizalino Acuzar said Palayan City Township Housing Project is expected to benefit around 1,000 underprivileged Filipino families.

Acuzar said the Palayan City Township Housing Project is one of the 36 housing projects across the country that are either under pre-production or in production stages.

“This number is expected to increase as more LGUs (local government units) and private entities express interest in partnering for this initiative,” said Acuzar during the celebration of the DHSUD’s 5th Anniversary.

“We have taken significant steps toward fulfilling our goal to provide Filipinos, especially the poorest of the poor, with decent shelters and improved quality of living,” he added.

During the celebration, the DHSUD has signed an agreement with the Department of Public Works and Highways (DPWH) and presented the commemorative stamps and cover with PhilPost.

Acuzar also graced the awarding of ISO 9001:2015 Certification with Certification International Philippines Inc. and the signing of Codified Rules of DHSUD.

In addition, the DHSUD regional offices across the country have also prepared their respective activities to celebrate the anniversary as a way of reaching out to the sector stakeholders at both national and local levels.

Meanwhile, Pag-IBIG Fund, a key shelter agency of DHSUD, inaugurated its satellite office which is co-located on the ground floor of the DHSUD Central Office Building. 

This new office aims to serve a larger number of its members in Metro Manila. In addition, Maria Lourdes D. Doria-Velarde, the newly appointed board trustee of Pag-IBIG, took her oath of office before Secretary Acuzar.

Acuzar said that this year’s anniversary theme, “LIgtas at MAtibay na masisilungan para sa bawat Pilipino” reflects DHSUD’s vision of building safe and resilient homes that are financially accessible to the intended beneficiaries.

The Home Development Mutual Fund or Pag-IBIG Fund, a key shelter agency of DHSUD, inaugurated its satellite office which is co-located on the ground floor of the DHSUD Central Office Building. 

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