The National Home Mortgage Finance Corporation (NHMFC) and the Department of Human Settlements and Urban Development (DHSUD) will partner with the Local Government Units of Isabela Province and Uanjelle Land Inc. for the take-out of three (3) housing projects under the government’s Pambansang Pabahay Para sa Pilipino Program (4PH).
Despite the onslaught of Typhoon Carina, the groundbreaking and construction kick-off of Balai Isabeleño in the Municipality of Gamu, Green Valley Residences in the Municipality of Roxas, and Casa de Jonesians in the Municipality of Jones rolled out on Thursday (July 25, 2024) in this province. The construction of these housing projects is one of NHMFC’s contributions in the 4PH Program of President Ferdinand Marcos Jr. in Region II.
Thirty-nine (39) 12-storey and twenty-two (22) 5-storey socialized condominium buildings with a total of 13,870 housing units will be constructed for Balai Isabeleño. 4,680 housing units for Green Valley Residences, and ten (10) 5-storey buildings or a total of 1,200 housing units for Casa de Jonesians. Amenities include club house, swimming pool, sports center, children’s playground, jogging path, park, benches, adequate parking spaces, own elevated water tank, and sewage treatment plant.
Uanjelle Engr. Alduane Alegria expressed his appreciation to the government. He said that as a housing developer, NHMFC’s support strengthens them to continue constructing more housing units.
NHMFC Acting Corporate Secretary Atty. Joshua Emmanuel Cariño remarked that “the National Home Mortgage is mandated to ensure that funds for housing in our country continuously flow, and National Home Mortgage ensures that financing will not be a hindrance to the success of our housing projects,” He added that National Home Mortgage hopes that developers would be encouraged to participate in the 4PH Program since NHMFC ensures liquidity of funding for housing projects.
In the same event, NHMFC Vice President Maria Luisa Favila expressed her delight for this collaboration. She recognized the initiatives of all the mayors of the different municipalities of Isabela for their interest in having housing projects in their localities that are decent and affordable.
VP Favila also recognized the efforts of Uanjelle President Willie Alegria, himself an Isabeleño, in pursuing the government’s housing projects.
“Sir Willie went to NHMFC during the time of Covid-19 pandemic seeking a partner that will provide liquidity for his housing projects to also create jobs for his people, and NHMFC helped him. His first housing project, with the support of NHMFC, was a success, and that triggered the construction of more housing projects in Isabela,” VP Favila stressed.
VP Favila further emphasized that the success of Uanjelle’s housing projects with the help of NHMFC likewise spread to other housing developers.
With the rise of these three housing projects in the province, Isabela is now recognized as having the most number of 4PH projects in Region II.
DHSUD Assistant Secretary Daryll Bryan Villanueva, who represented Secretary Jose Rizalino Acuzar, said that the main goal of the 4PH Program is to bring the national government closer to our ordinary citizens.
“Under this program, there is no down payment, and the monthly amortization is affordable. From Php8,000 plus, it will be down to only around Php3,600 to Php4,000 monthly” Asst. Secretary Villanueva said. He explained that this is because of the interest subsidy that will be granted by the national government. Present during the triple groundbreaking ceremonies were Isabela local officials led by Vice Governor Faustino G. Dy III together with Gamu Municipal Administrator Atty. Xian-Al Defensor Galanza, representing Mayor Timoteo Galanza, Roxas Mayor Jonathan Jose Calderon, Jones Mayor Nhel C. Montano., and San Mateo Mayor Gregorio Pua. Department of Human Settlements and Urban Development Assistant Secretary Daryll Villanueva and DHSUD Region II OIC-Director Grace de Vera also graced the event. Leading the delegation of NHMFC are Vice President for Securitization Group Maria Luisa Favila and Acting Corporate Secretary Joshua Emmanuel Cariño.
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