President and concurrent Housing and Urban Development Coordinating
(HUDCC) Chairman Noli ‘Kabayan’ De Castro yesterday lauded private
and the Home Development Mutual Fund (HDMF) or Pag-IBIG for
city Medium/High Rise Building (MHRB) program.
program, according to De Castro, is designed to suit the need of
affordable and low-cost housing within the cities of Metro Manila.
De Castro led the inaugural ceremonies for two medium high-rise housing
projects in Quezon City
In both occasions, the housing
czar thanked the Pag-IBIG fund and private developers who are making it
and faster for the government to pursue its national shelter program.
tulong po ng HDMF at lalu na ng private developers, napapadali ang
implementasyon ng pambansang programa sa pabahay. Dahil po sa kanila,
ang pangarap ng ating mga mahihirap na kababayan na magkaroon ng
bahay,” De Castro said.
by the HDMF and developed by the San Jose Builders Corp., the Theresa Towers
along P. Tuazon St.,
Cubao, Quezon City
has 200 condominium units, 80 percent of which were already sold.
project boasts of its proximity to the Cubao MRT station and, most
its very friendly monthly amortization of P6,500 per month.
De Castro welcomed
the response of Fortune Star Construction and Development Corp. (FSCDC)
earlier call for more active private sector participation in the
in the government recognize that housing, to be truly successful, must
private sector-driven. That’s why it has been the policy of this
to create an environment that will encourage private developers to
projects that will meet the needs of our countrymen,” De Castro said.
Star Construction and Development Corp. is the developer of Fortune
Condominium, a 300-unit medium rise building funded by HDMF and the
Bank for low-income earners.