MANILA – At least 21,000 working-class individuals are expected to benefit from two housing projects under the Expanded Pambansang Pabahay para sa Pilipino (4PH) Program, the Department of Human Settlements and Urban Development (DHSUD) said Thursday.
In a news release, DHSUD reported that Secretary Jose Ramon Aliling and Pag-IBIG Fund Chief Executive Officer Marilene Acosta joined Edgar Saavedra, chief executive officer of Megawide Construction Corporation, during the groundbreaking rites for the projects being developed by PH1 World Developers.
The two developments, located in Barangays Salitran and Paliparan, will consist of 26 multi-storey condominium towers that can generate more than 7,000 housing units under the Expanded 4PH Program.
Earlier, Saavedra committed to deliver 100,000 socialized housing units under the Marcos administration, signaling the private sector’s strengthened participation in the government’s flagship housing initiative.
Aliling described Megawide’s involvement as a strong vote of confidence in the Expanded 4PH and the reforms being implemented by the DHSUD.
He noted that Megawide, a Quadruple A-rated construction firm, is among reputable private developers supporting the program aimed at addressing the country’s housing backlog.
Once completed, the Cavite projects are expected to provide decent, safe and affordable homes to thousands of working-class families.
The Pag-IBIG Fund is supporting both developments, which will feature amenities such as open parks, playgrounds, entrance and exit gates, parking areas and a clubhouse.
Also present during the ceremony were DHSUD Senior Undersecretary Eduardo Robles Jr. and other key officials from DHSUD and Pag-IBIG Fund. (PNA)