Government housing efforts gain head start in Q1

Housing efforts of the government posted better performances during the first quarter despite limitations due to the pandemic.

The Department of Human Settlements and Urban Development reported that its key shelter agencies recorded improvements in the first three months.

The Home Mutual Development Fund or Pag-IBIG Fund registered a 33 percent increase in home loan releases valued at 21 billion pesos.

The National Housing Authority also reported better performance in the first quarter amid more rollout of housing projects for Typhoon Yolanda victims and shelter schemes for former rebels. Its housing completions also grew mainly due to finalized projects intended for informal settlers.

Housing chief Eduardo del Rosario said the key shelter agencies should further bolster collaboration with the private sector in providing decent and affordable housing for Filipino families, especially the underprivileged.


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