Pag-Ibig grants P19-M loans to standoff victims-A A +A
Friday, September 27, 2013
THE Home Development Mutual Fund (HDMF) or Pag-Ibig has released P19 million in calamity loans for families whose homes were destroyed in the standoff that entered the 19th day Friday in Zamboanga City.
Vice President Jejomar Binay, who heads the Pag-Ibig Board of Trustees, in a statement Friday, said that local Pag-Ibig office has completed the processing of 933 loan applications amounting to P19,030,577 as of Wednesday, September 25.
He said around 2,500 applications are still being processed for approval.
To fast-track loans applications, Binay said the local Pag-Ibig office operates from 8 a.m. to 6 p.m., Monday to Friday, and from 8 a.m. to noon Saturday.
“We at the housing sector intend to help our kababayans in Zamboanga rise up from this tragedy, even as we pray that peace finally reign in Mindanao,” Binay said.
He also said that the Pag-Ibig’s calamity assistance program is open to overseas Filipino workers (OFW) who are members of Fund and whose families are affected by the standoff.
He said the OFW members who are abroad may authorize their relatives in Zamboanga City by executing a Special Power of Attorney (SPA) to transact with Pag-Ibig on their behalf.
He added that the OFWs may also go to any Pag-Ibig overseas desk for information and assistance.
The checks will be released in the Philippines and may be claimed by a relative with an SPA, while the OFW-member of Pag-Ibig may also apply directly at the Fund’s overseas desks.
Binay earlier ordered other key shelter agencies to prepare assistance packages for residents displaced by the standoff in the city.
The National Housing Authority will provide resettlement for those whose homes were destroyed in the crisis, and P5,000 worth of building materials for those whose houses were damaged.
The standoff started last September 9 when hundreds of Moro National Liberation Front rebels from nearby provinces of Basilan, Sulu, and Zamboanga Sibugay infiltrated Zamboanga City. (Bong Garcia)