Capitol to help informal settlers get loans

File photo
File photo

THE Cebu Provincial Government will facilitate the application of housing loans for the informal settler families that are occupying Capitol-owned lots in barangays Apas and Kalunasan.

It will do so by providing the Capitol Social Hall as the venue for the application so that the families won’t have to line up at the branches of the Pag-Ibig Fund.

Cebu Governor Gwendolyn Garcia made the assurance during a meeting with the residents of Sitio CRCI in Barangay Apas and Kalunasan in Cebu City on Monday, July 17, 2023 at the Capitol Social Hall.

It was agreed upon that 114 CRCI families will be relocated to another lot in Barangay Kalunasan owned by Cebu Province, while around 300 families also residing in the said lot will be given the chance to own the lot.

CRCI is located beside the National Food Authority regional headquarters along Gov. Mariano Cuenco Avenue along Cebu IT Park.

The Cebu Provincial Government will be selling these lots to the residents through Pag-Ibig Fund’s socialized housing loan program with affordable and flexible financing terms.

Garcia told the residents to meet again on July 31, 2023, and prepare all necessary documents and valid IDs for the housing loan applications.

Non-members of Pag-Ibig will be registered to the system in order for them to qualify for the loan on that day.

Market value

In the same meeting, Pag-Ibig Visayas chief Paul Talacay said they will prioritize the loan applications of CRCI and Kalunasan residents after they have conducted a re-appraisal process to determine the fair market value of the lot.

Pag-Ibig will also profile the applicants of the housing loan to identify their gross monthly income that will determine the loanable amount and the number of years to pay the interest.

Cebu Provincial Legal Officer Donato Villa will also extend legal assistance to the residents, particularly family members that will share ownership of the lots.


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