Gov’t always short of funds to solve housing backlogThe great Filipino dream is to own a home. Congress granted it only fractions, namely:Of the 6.5 million families aspiring for homes, 2.8 million have purchasing capacity. Fifty-seven percent, or 3.7 million families, can barely make ends meet. “One billion, two billion can do only about 20,000 units considering today’s costs,” notes Senate housing committee head Joseph Victor Ejercito. Compiled from 19 versions, a House bill was passed for provincial capitols and city/municipal halls to identify, procure or expropriate lots for socialized housing.

Source: Philippine Star December 19, 2023 20:29 UTC