Socialized housing gets priority from developers
- Written by Tribune
- Monday, 24 March 2014 00:00
With increased government cooperation, housing developers reiterated their commitment to build more socialized housing units.
The country’s socialized housing need is projected to reach 1.58 million units between 2012 to 2030, based on the New Housing Needs profile from the Subdivision and Housing Developers Association (SHDA).
Across all housing segments, SHDA estimates an average of 345,941 units are needed per year.
It is stated in SHDA’s The Philippine Housing Industry Roadmap that the housing backlog is over 3.9 million units, including the segment that ‘can’t afford.’
Based on the same data, it is shown that socialized housing is second on the list that needs shelter delivery.
With over 200 housing developers in its national membership, the association has vowed to work closely with government and industry to eliminate the backlog entirely by 2030.
In line with this commitment, SHDA is holding its first Business Meeting for the year on Socialized Housing Compliance featuring the Housing and Land Use Regulatory Board (HLURB) and the Board of Investments (BoI).
The event will be held on Mar. 26, 2014, 2 pm at the Metropolitan Club.
HLURB Commissioner Antonio M. Bernardo will discuss socialized housing compliance under Sec. 18 of the Urban Development and Housing Act (RA 7279).
Specifically, he will talk on the most availed mode of compliance, the rate of compliance and related data and newly approved and pending guidelines that will affect compliance and incentivized procedures for developers who will participate in rebuilding calamity-affected areas.
BoI, in turn, will present its policies on mass housing, project application process and requirements, registration data and socialized housing compliance of BOI-registered projects in relation to Income Tax Holiday availment.
Featured speakers from the BoI are OIC-executive director-Industry Development Service Ma. Corazon Dichosa, Infrastructure and Services Industries director Eries Cagatan, Legal Services director Marjorie Samaniego and Incentives Services director Erlinda Arcellana.