The Department of Budget and Management (DBM) on Thursday said it has approved the release of P12.259 billion to the National Housing Authority (NHA).
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The amount will cover for the housing assistance to calamity victims and the payment of resettlement of informal settler families in Western Visayas, the DBM said in a statement.
Broken down, P12.059 billion of the funds released will be for the housing assistance of calamity victims (HAPCV).
Meanwhile, the remaining P200 million will be for the construction of four units of five-storey, low-rise residential buildings in Region VI, which will be the resettlement for informal settler families.
“Housing remains a priority for President Ferdinand R. Marcos Jr. as he strongly believes in the necessity of providing decent homes for Filipinos, particularly those adversely affected by calamities,” said Budget Secretary Amenah Pangandaman.
The Budget Department said the request for payments, chargeable to previous years’ released allotments, was supported with a documented list of Special Allotment Release Orders (SAROs) with their respective amounts, status of fund utilization, and finance accountability reports “all of which the DBM confirmed to be in order.”
The NHA is the sole national agency mandated to engage in housing production for low-income families.
Under the administrative supervision of the Department of Human Settlement and Urban Development (DHSUD), the NHA functions as a production and financing arm in housing. — Ted Cordero/RSJ, GMA Integrated News
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The amount will cover for the housing assistance to calamity victims and the payment of resettlement of informal settler families in Western Visayas, the DBM said in a statement.
Broken down, P12.059 billion of the funds released will be for the housing assistance of calamity victims (HAPCV).
Meanwhile, the remaining P200 million will be for the construction of four units of five-storey, low-rise residential buildings in Region VI, which will be the resettlement for informal settler families.
“Housing remains a priority for President Ferdinand R. Marcos Jr. as he strongly believes in the necessity of providing decent homes for Filipinos, particularly those adversely affected by calamities,” said Budget Secretary Amenah Pangandaman.
The Budget Department said the request for payments, chargeable to previous years’ released allotments, was supported with a documented list of Special Allotment Release Orders (SAROs) with their respective amounts, status of fund utilization, and finance accountability reports “all of which the DBM confirmed to be in order.”
The NHA is the sole national agency mandated to engage in housing production for low-income families.
Under the administrative supervision of the Department of Human Settlement and Urban Development (DHSUD), the NHA functions as a production and financing arm in housing. — Ted Cordero/RSJ, GMA Integrated News
source: You do not have permission to view the full content of this post. Log in or register now.