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Friday, March 29, 2024

Pampanga sets the pace in housing development

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MABALACAT CITY—The Province of Pampanga is setting the pace for countryside housing development amid the noted brisk sales of housing units despite the challenges brought about by the pandemic.

This was stated by housing czar and Department of Human Settlements and Urban Development (DHSUD) Secretary Eduardo del Rosario during his site visit and inspection of Xevera Mabalacat Township project here on Friday.

Del Rosario was accompanied by Pag-Ibig CEO Acmad Rizaldy Moti and Deputy CEO Marilene Acosta during his site inspection.

They were welcomed by Mayor Cris C. Garbo and Vice Mayor Geld Aquino.

Moti said Pag-Ibig Fund’s formula, particularly for Xevera projects, has turned out to be a success despite the pandemic which gravely affected the housing and construction sector for the past 12 months.

The DHSUD chief cited Xevera Mabalacat township in attributing his pronouncement about Pampanga province’s pace setting mode in housing and development projects.

“The availability of local jobs particularly in the economic zone, the huge number of OFWs [overseas Filipino workers] based in Pampanga and its proximity to Metro Manila have boosted the province’s resiliency and opened a host of opportunities for a sustained mass housing programs in the province,” del Rosario pointed out.

“Against that backdrop, this particular township’s key features such as affordability, complete amenities, access and availability of housing units have driven homebuyers and borrowers to pursue with their dreams of finally owning a house,” del Rosario said.

During his visit, del Rosario affirmed his agency’s commitment to Westchester Realty and to its qualified home buyers and borrowers in aiding for the quick processing of housing loans.

“A long time ago, this township development project somewhat set the pace in the development of affordable housing with complete amenities,” he said.

“The new leadership acknowledges this—that’s why we decided to pursue the rebuilding of an otherwise model housing community,” del Rosario added.

Westchester Realty has targeted the end of this year to deliver the 4,000 housing units to achieve 100 percent completion of the project, way ahead of its agreed timeline with Pag-Ibig Fund.

Read full article on BusinessMirror

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