Guv in talks with GSIS for plan to acquire foreclosed properties-A A +A
Thursday, October 10, 2013
CITY OF SAN FERNANDO -- Governor Lilia Pineda is holding talks with the Government Insurance Service System (GSIS) for the possible acquisition of more than 700 foreclosed properties in Pampanga.
GSIS-Pampanga Staff Officer Janette Dimaliwat-Roxas and Staff Officer II Enrico Jiao, who represented branch manager Araceli Santos, recently presented to Pineda the report on the properties, most of which are houses and lots at this province's capital city.
Dimaliwat-Roxas also cited commercial properties in Guagua town, describing them as a "wise buy." The other properties are in Magalang town, one of the flood-free areas in the province.
First District Board Member Crisostomo Garbo said Pineda is looking into the acquisition of the properties for the more than 1,000 Capitol workers.
"The welfare and future of the Provincial Government workers are among the priorities of the governor. They may also be for poor but responsible people," said Garbo, who initiated the meeting of Pineda with the GSIS.
Third District Board Members Rosve Henson and Ferdinand Labung, who attended the meeting, said they and the GSIS officials are set to inspect the properties.
Pineda said she is planning to buy the GSIS properties "to help the government retrieve their assets and save the lands and houses before they rot due to neglect."
"Let us help each other and not let the properties be put to waste. So many people have no houses," said Pineda in the dialect.
Pineda urged the GSIS to let them buy the properties "in friendly prices and good terms."
Garbo said the Provincial Board will grant an authority to Pineda once the "terms are met and the properties are seen to be worth buying."
Published in the Sun.Star Pampanga newspaper on October 11, 2013.