THE CEBU CITY government has knocked on the doors of state-owned Home Development Mutual Fund, also known as Pag-IBIG Fund, for a proposed mass housing project under the Countryside Housing Initiative Program (CHIP).

Pag-IBIG Chief Executive Officer Acmed Rizaldy P. Moti, in his recent visit to Cebu during the agency’s 2017 Home Lending Accomplishment Report event held at the Grand Convention Center, said they already had initial talks with the city government, but there are no details yet on the proposed tie-up. CHIP is one of Pag-IBIG’s new programs to encourage more developers, employers, and local government units to partner with the agency for the construction of houses in the countryside.

“I have yet to see the mechanics [and the proposal] of the Cebu City government,” said Mr. Moti. Part of the initial plan, according to Mr. Moti, is for the construction of a condominium that would be rented out and managed by the city government. Mr. Moti said he is hopeful that they would be able to finalize the partnership within the second quarter this year. — The Freeman

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