President Ferdinand R. Marcos Jr. on Friday led the site inspection of a government housing project in Marikina City under his administration’s flagship program billed as the Pambansang Pabahay para sa Pilipino: Zero ISF (Informal Settler Family) 2028 Program.
The Marcos administration’s housing project in Marikina City is expected to benefit 10,000 minimum wage earners and city government employees.
The groundbreaking of the five-hectare project was led by Secretary Jose Rizalino Acuzar of the Department of Human Settlements and Urban Development (DHSUD) and Marikina City Mayor Marcelino Teodoro on October 7.
The Bagong Sibol housing project is the second housing project to break ground in the National Capital Region, according to a DHSUD statement.
The first DHSUD project was launched on September 22 with the signing of a memorandum of agreement followed by the same day groundbreaking at the Harmony Hills Terraces in Quezon City,
The government’s housing program aims to address the housing backlog in the country pegged at more than 6.5 million units.
The President has tasked the DHSUD to build 1 million housing units every year for the next six years, with PHP36 billion annual interest support from the national government.
The DHSUD, in a statement, estimated that 1.7 million jobs would be generated annually through the government’s housing program.
Further, the agency sees the project could trigger economic activities in 80 allied industries like cement, steel, and paint.
DHSUD, in a release, noted that the project construction began in seven locations across the country and has signed 14 memoranda of agreement with various LGUs for the construction of housing units.
Described by lawmakers as an out-of-the-box approach in solving the housing gap, the Pambansang Pabahay para sa Pilipino: Zero ISF 2028 Program complements the administration’s 8-point socioeconomic agenda, particularly job creation and tapping the economic pump-priming potentials of the housing and real estate sector.