DBM releases P12 billion for housing
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.