Press Release - Tolentino panel oks rental subsidy for Informal Settler Families (ISFs)
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Press Release - Bong Go pushes for Rental Housing Subsidy Act to help poor and displaced families get proper housing and alleviate homelessness in the country
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March 17, 2021 | 8:17 pm Font Size
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THE HOUSING backlog is expected to require up to P130 billion to close the deficit of about six million units, a legislator said at a virtual briefing Wednesday.
Representative Jose Francisco B. Benitez of Negros Occidental’s third district said the housing agencies are estimating a requirement of between P100 billion and P130 billion to address the backlog.
Mr. Benitez said it may take “15 to 20 years” to meet the demand for housing.
Mr. Benitez heads the House Committee on Housing and Urban Development which adopted House Substitute Resolution No. 1458 declaring a housing crisis.
The demand between 2016 and 2020 was 6.7 million units, of which only 770,000 were constructed.
Home rental subsidy for urban poor families approved in Lower House
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