TACLOBAN CITY – The local government of Catarman, Northern Samar, in coordination with the Department of Human Settlements and Urban Development (DHSUD), has identified a site for the construction of a medium-rise residential housing project under the national government’s ‘Pambansang Pabahay para sa mga Pilipino’ (4PH) Program.
The 4PH program aims to address the country’s housing backlog by targeting the construction of one million housing units annually, with the ultimate goal of achieving zero informal settlers by 2028.
Social Housing Finance Corporation (SHFC) Officer-in-Charge Manager Engr. Frederick De Real revealed the development following a site mapping conducted on April 3 in coordination with Catarman municipal administrator Renato Esidera.
According to the initial plan, the housing project will rise on a three-hectare lot located in Barangay Washington. The project will consist of 15 four-storey buildings, each floor containing 27 units, for a total of 1,440 housing units.
The intended beneficiaries include government and private sector employees, as well as members of the informal sector with Pag-IBIG Fund membership.
While the cost per unit has yet to be finalized, SHFC officials informed local authorities that payment will be made annually at a six percent interest rate. Of this, five percent will be subsidized by the national government, while beneficiaries will shoulder the remaining one percent.
(ROEL T. AMAZONA)
