SHFC to finance 50,000 housing units in Davao Oriental

THE DAVAO Oriental provincial government is building about 50,000 housing units in Mati City within the next three years that will be bankrolled by Social Housing Finance Corp. (SHFC). “This is our way of helping our homeless populace. Any local resident can avail of the project as long as he does not own a house and lot. We do not want to deprive them of the opportunity to own their own house and lot,” Gov. Nelson L. Dayanghirang said in a statement. Among the target beneficiaries are members of the Mandaya Muslim Bisaya Homeowners Association. Task Force on Socialized Housing chief Flordeliza Tabanao said the houses will be built on a 15-hectare property to be purchased from the Tolentino family. SHFC, according to the provincial government, will be paying for the lot within the next two months and construction for the first three phases of the project will immediately start with 743 initial beneficiaries to be identified. Under the planned terms of purchase, buyers will pay P2,800 a month over a 25-year period for 100-square meter lot with a house. — Carmelito Q. Francisco