1,650 QC residents acquire homes as Belmonte signs pact with land owners

Mayor Joy Belmonte leads the signing ceremony with different land owners.

MANILA, Philippines – In a significant advancement for housing accessibility, the Quezon City government is proud to announce the successful signing of agreements with the Philippine National Bank (PNB) for the provision of land essential for QCitizens.

Mayor Joy Belmonte spearheaded the signing ceremonies, reinforcing the local government’s commitment to ensuring that residents have access to affordable housing options.

Mayor Joy Belmonte joins officials and beneficiaries during the signing ceremony.

Under this landmark agreement and through Quezon City’s Direct Sale Housing Program, eligible residents can now purchase and finance their homes at prices designed to be affordable, facilitating their transition from renters to proud homeowners.

This initiative not only stabilizes neighborhoods but also empowers families to invest in their future within an urban environment often challenged by housing shortages.

Mayor Joy Belmonte with the other officials and 1,650 beneficiaries of the lands during the signing of agreements.

In addition to the partnership with PNB, several other agreements were finalized between the Quezon City Local Government Unit (LGU) and various prominent landowners, including Fair Business & Management Corp., Gampac Corp., Ma. Lorna Bautista, Albertina D. Fetalvero, Tofemi Realty Corporation, Tomas P. Mendiola, Arturo Tolentino, and Financiera Manila Inc.

These collaborations are set to provide housing for more than 1,200 additional QCitizens, significantly expanding homeownership opportunities throughout the city.

Another set of resident-beneficiaries show their appreciation to Mayor Joy Belmonte.

“Building accessible and quality housing is one of the focal points of my administration’s fourteen-point agenda,” stated Mayor Belmonte. “By solidifying these agreements with both banks and landowners, we are making substantial strides toward improving the living conditions of our residents.”

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The pursuit of quality housing is not just crucial for meeting immediate family needs; it plays a vital role in long-term community development. The efforts made by the Quezon City LGU to engage with financial institutions and private developers exemplify a successful model of public-private partnerships that can lead to lasting societal benefits.

As Quezon City continues to grow and evolve, the commitment to providing affordable housing options remains a priority, ensuring that all QCitizens can enjoy the dignity and stability that comes with homeownership.