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Wednesday, June 19, 2024

Private sector confidence in gov’t housing program cited

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The Department of Human Settlements and Urban Development (DHSUD) has cited the growing private sector confidence in President Ferdinand Marcos Jr.’s Pambansang Pabahay para sa Pilipino (4PH) program.

Housing Secretary Jose Rizalino Acuzar welcomed the entry of Megawide Construction Corp. to the 4PH project in Imus City, Cavite as a “clear manifestation of the private sector’s confidence in the government’s housing program.”

“The trust that 4PH is getting in our private sector is heart-warming. This clearly shows that we are on the right track in addressing the country’s housing need,” Acuzar said. 

He recently joined Imus City Mayor Alex Advincula and Megawide chief executive officer Edgar Saavedra in breaking ground for a 4PH project in Barangay Malagasang 1-G composed of mid-rise condominium buildings to be developed by PH1 World Developers, the real estate arm of Megawide.

The project is a five-tower, 1,100-unit mid-rise residential community to rise inside a 1.7-hectare property.

“The participation of reputable private contractors like Megawide, is key to the success of 4PH as the program is anchored on tapping private funds for the development of government housing,” Acuzar said. 

“It will significantly contribute to the current administration’s objective of addressing the country’s housing need by providing Filipino families with safe, decent and affordable housing in sustainable communities,” he added.

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