DBM releases P12 billion for housing

DBM releases P12 billion for housing

By: - Reporter / @JMangaluzINQ
/ 04:00 PM September 21, 2023

DBM releases P12 billion for housing

Department of Budget and Management Secretary Amenah Pangandaman speaks during the weekly Kapihan sa Manila Bay forum held at Café Adriatico in Malate, Manila in this file photo taken on December 14, 2022. (INQUIRER.net file photo / Ryan Leagogo)

MANILA, Philippines — Department of Budget and Management (DBM) has released P12.2 billion to National Housing Authority (NHA) to help calamity victims and for the resettlement of informal settlers.

The housing assistance for calamity victims will be nationwide, amounting to P12 billion.


The remaining P200 million will be for the informal settlers in Western Visayas.


“Department of Budget and Management Secretary Amenah F. Pangandaman has approved the release of a Notice of Cash Allocation amounting to P12.259 billion to the National Housing Authority for the housing assistance for calamity victims and the payment of resettlement of informal settler families in Western Visayas,” said DBM in a statement on Thursday.

According to the department, the request for payments is chargeable to last year’s allotment.

The release was also supported by a documented list of Special Allotment Release Orders with amounts, status of fund utilization, and finance accountability reports.

“Housing remains a priority for President Ferdinand R. Marcos, Jr. as he strongly believes in the necessity of providing decent homes for Filipinos, particularly those adversely affected by calamities,” Pangandaman said.


After two years, DBM grants P11.6B for 2021 teacher bonuses


DBM, Palace, VP Duterte differ on use of secret funds – Bayan Muna

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: DBM, Housing

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.