The Subdivision and Housing Developers Association, Inc. (SHDA ) recently welcomed the government’s announcement on the inclusion of mass housing activities in the 2022 Strategic Investment Priority Plan (SIPP).
The largest alliance of private housing developers in the country affirmed that this move will ensure that incentives will be extended for participating stakeholders in mass housing activities to help address the housing backlog and facilitate economic recovery.
The 2022 SIPP covers the development of mass housing units based on a specific price ceiling as part of the incentivized priorities of the country.
It also covers in-city-low-cost dwelling projects for lease/rent. For NCR, only in-city low-cost dwellings for lease/rent may qualify for registration.
“The inclusion of the housing sector in the 2022 SIPP is an important move to provide housing at the price point to clear the housing backlog,” said SHDA National President May Rodriguez.