MANILA, Philippines – The Department of Budget and Management (DBM) released P1.2 billion for the roll out of housing projects for informal settler families in Metro Manila’s “danger areas.”
The Social Housing Finance Corporation (SHFC) will use the fund release to build not only quality and affordable homes, but also resilient ones, Budget Secretary Florencio “Butch” Abad said in a statement Sunday, May 25. (READ: ‘Green’ houses for Manila’s informal settlers)
“We are continuing the relocation of informal settler families (ISF), especially those living near the waterways of Metro Manila. With the fund release, the SHFC can build more resilient homes in safer zones – such as in-city and off-city relocation sites – and ensure the well-being of these families, especially during calamities,” he added.
The housing project will adopt a Community Mortgage Program (CMP) approach wherein an organized community itself will initiate and manage the project while securing funding support from SHFC.
The following are the organized communities for this project, with their respective allocations:
- Goldmine Interior Homeowners Association, Inc. (GIHAI) – P46 million
- Alyansa ng Mamamayan sa Valenzuela at Caloocan Housing Cooperative (AMVACA) – P636.5 million
- Dario River Alliance Housing Cooperative (DRAHC) – P514.5 million
Below is a further breakdown per project cost:
| PARTICULARS | GIHAI | AMVACA | DRAHC | TOTAL |
|---|---|---|---|---|
| Land Acquisition |
P4,170,400 |
P112,552,500 |
P115,556,160 |
P232,279,060 |
| Site Development |
P5,164,074 |
P68,182,125 |
P47,761,817 |
P121,108,016 |
| Building Construction |
P36,425,526 |
P452,865,375 |
P348,842,023 |
P838,132,924 |
| Other expense: Administrative cost |
P208,000 |
P2,880,000 |
P2,328,000 |
P5,416,000 |
| TOTAL |
P45,968,000 |
P636,480,000 |
P514,488,000 |
P1,196,936,000 |
The administrative cost in the above table includes wages of SHFC personnel who will assist the communities. (READ: P3.38B released to relocate Metro Manila’s estero families)
The assistance includes program consultation, due diligence of ISF eligibility, review of technical plans and legal documents, and assistance in the preparation of project proposals.
The CMP approach, Abad explained, empowers communities to participate and get involved in the program’s implementation. (READ: Informal settlers: Integration, not just relocation)
He said the beauty of the project is its “participative nature.” (READ: Aquino: 11,000 Metro Manila families relocated by August)
“We are opening up opportunities for them [families] to take the lead in the whole project: from land acquisition to site development, to the actual building construction.“
“It’s nation-building at the community level,” he added. – Rappler.com
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