The Cebu City government is one step closer to availing of a P78 million loan from the National Housing Authority (NHA) to construct two medium-rise buildings which will serve as alternative housing for residents living near Mahiga creek.
The Cebu City Council authorized Cebu City Mayor Michael Rama to enter and sign a memorandum of agreement (MOA) with the NHA, represented by its general manager Chito Cruz, to avail of the NHA’s Poverty Alleviation Fund 3.
The two medium-rise buildings will be constructed at what used to be the Lorega cemetery, a 9,332-square meter lot which can accommodate 174 families.
The city must avail of the loan before the year ends so the P78 million will not revert to the national government. /Correspondent Jose Santino S. Bunachita