P188M allotted for transfer of families at risk | Inquirer News
Close  

P188M allotted for transfer of families at risk

By: - Reporter / @bendeveraINQ
/ 05:54 AM March 24, 2015

MANILA, Philippines–Over 1,600 families currently living in “danger areas” throughout Metro Manila will soon be transferred to sturdier houses as the Department of Budget and Management (DBM) has approved the release of P188 million for the initiative.

In a statement issued on Monday, the DBM said the approved fund release for the state-run Social Housing Finance Corp. (SHFC) would allow the national government to not only buy lots for new housing units but also refinance housing loans.

ADVERTISEMENT

The bulk of the release to the SHFC, which shall be charged against the 2014 budget, will go to the Responsableng Samahang Pampamayanan  Village Phase I Homeowners Association Inc. (HOAI) project.

It aims to relocate 1,504 families living at the Payatas sanitary landfill as well as nearby Dahlia Creek, Darlo River, Diliman Creek, San Juan River and Tullahan River. The SHFC will spend a total of P127.6 million for the project.

FEATURED STORIES

The release shall also cover loan refinancing for two other projects in Quezon City, namely Bistekville II HOAI Block 6 and Bistekville II HOAI Block 16.

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: budget, DBM, government housing, informal settlers, Metro Manila, Social Housing Finance Corp., squatters
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2022 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.