DBM releases P3.38B support fund for NCR informal settlers-A A +A
Tuesday, December 3, 2013
THE Department of Budget and Management (DBM) said Tuesday that it released P3.38 billion to the National Housing Authority (NHA) for the continued implementation of the Housing Program for Informal Settler Families (ISFs) residing in danger areas in Metro Manila.
The fund release will cover the deficit and cash requirement for the construction and completion of off-city housing projects for the months of September to October. This includes the development of a total of 3,086 housing lots and construction of various housing units.
"The Aquino Administration still prioritizes the implementation of housing projects and the relocation of ISFs from pre-determined danger areas, especially because we continue to experience the effects of the rainy season and the risks associated with storms and weather disturbances," said Budget Secretary Florencio Abad.
The fund release to the NHA will allow the government to address the perennial flooding in several problematic areas in Metro Manila, by relocating ISFs to safer areas, he added.
"At the end of the day, the primary goal is to prevent the potential loss of property and lives caused by flooding, primarily through the provision of safe housing alternatives to our informal settlers," the Budget chief said.
The P3.38 billion cash funding, sourced from 2011 savings, was transferred to the NHA from the Bureau of Treasury (BTr), where the cash component of the total P10-billion allocation for the housing program is parked.
As of August this year, the NHA has successfully disbursed P3.82 million that the DBM had previously released to it to develop a total of 12,941 off-city lots, of which 12,291 housing units have been constructed. More important, a total of 6,511 family beneficiaries have been relocated from danger areas in Metro Manila to various off-city relocation sites. Funding for the relocation program also supported land acquisition and development, as well as provision of community facilities.
The completion of the whole Housing Program in 2014 would give way to the complete construction of 24,851 new housing units. (SDR/Sunnex)