The Department of Human Settlements and Urban Development (DHSUD) is optimistic that the construction of the housing projects, which are supposed to address the 6.5 million housing backlog until 2028, would go full blast within this year. DHSUD Secretary Jose Rizalino Acuzar said the initial cons
Major government financial institutions, apart from the Home Development Mutual Fund or Pag-IBIG Fund, have formally pledged their support to the administration’s mass housing program.
The compliance Asset-Backed Securities (ABS) of the National Home Mortgage Finance Corporation (NHMFC) has been recently approved by the Securities and Exchange Commission (SEC). This is the latest securitization offering of the NHMFC and is now available for offering to housing developers.
FINDING ANSWERS
The intention of the Marcos Jr. administration to build a million homes a year is deemed ambitious, considering the many challenges especially on funding. But if quite successful, it would certainly be a solid and highly significant legacy of our country’s 17th president.
Buildin
The Department of Human Settlement and Urban Development (DHSUD), through Secretary Jose Rizalino “Jerry” L. Acuzar, affirmed on Monday, October 10, 2022,