Refer to: Ms.
Dale Zapata
833-4507/833-2148
VP Noli’s
gets quick response from developers, QC local gov’t on housing
01
June 2005
IN what
could be perceived as a
sweeping response to Housing and Urban Development Coordinating Council
(HUDCC)
concurrent chairman, Vice President Noli ‘Kabayan’ De Castro’s call for
the
private sector’s expanded participation in the housing industry,
private
developers led by the Phinma Property Holdings Corp. yesterday vowed to
put up
more houses in the country particularly
in Quezon City.
Phinma
president Willy Uy said his
firm is undertaking another housing project in Mindanao Avenue in Quezon City
aside from the Sunny Villas,
Phinma’s mass housing project in Pearl St., Commonwealth Avenue, East Fairview,
QC,
which was inaugurated last week.
“This is
Phinma’s way of showing
more participation in the housing industry as called for by the
vice-president,” Uy said, adding that “serving the Filipinos
particularly our
homeless countrymen is driving Phinma to exert more effort to become
true
partners of the government for development.”
Earlier, De
Castro urged private
developers and banking institutions to be more aggressively involved in
housing
as he pointed out that the government cannot implement the shelter
program
without their help.
And as a
bonus, the local government
of Quezon City
also expressed an all out support to De Castro’s call. QC Mayor
Feliciano
Belmonte said in response to the housing needs of his constituents, he
would
prioritize housing programs in the city with help of developers like
Phinma.
To
demonstrate his appreciation, De
Castro lauded Belmonte for turning Quezon City as one of the few local
governments that do not
heavily rely on the national government’s financial help. “Without
asking money
from Malacañang, the Quezon City
local government under the
leadership of Mayor Belmonte has efficiently used its funds in bringing
development in the city,” De Castro said. “How I wish other local
governments
can replicate what Quezon City
has done,” said De Castro who led the inaugural ceremonies for Sunny
Villas.
Funded by
the Home Development
Mutual Fund (HDMF) or PAG-IBIG, Sunny Villas is Phinma’s answer to the
shelter
requirements of low-income earning Filipinos who want decent housing
within a
city.
Also present
during Sunny Villa’s inauguration were
other local government officials led by QC Councilor Ariel Inton of
District 4,
which covers the housing project.
©
Copyright
2005
Office of the Vice President (OVP)
Management Information Services
Division (MISD). All rights reserved.
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