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  • Writer's pictureZiggurat Realestatecorp

Government fails to attain 6-year housing target

The government has failed to complete its six-year housing target, as only 86 percent has been accomplished during the term of President Duterte.

As of end-2021, the Department of Human Settlements and Urban Development (DHSUD) said about 1.08 million house and lot units were produced and financed.

This is roughly 86 percent of the 1.26 million units targeted under the Philippine Development Plan 2016-2022.

Nonetheless, housing chief Eduardo Del Rosario said he is pleased and satisfied with the sector’s achievements under Duterte.

DHSUD’s annual housing production was pegged at 197,886, the highest among previous administrations since 1975.

He is optimistic that the incoming Marcos administration would sustain and boost the current gains.

“We must continuously innovate to ensure that our vision to be a ‘strong institution and catalyst for the provision of adequate and affordable housing, inclusive human settlements and well-planned communities for every Filipino family’ comes to light,” del Rosario said.

DHSUD has assisted 233 local government units in updating and ratifying their comprehensive land use plans and provincial development and physical framework plans.

It also crafted real estate development policies and issued directives to cushion the impact of the pandemic, issued 1,437 licenses to sell and certificates of registration to 36,624 dealers, brokers and salespersons in the last two years.

The DHSUD said it paved the way to further professionalize the housing industry, as well as revised the rules and regulations of the magna carta for homeowners associations nationwide.

Del Rosario said the DHSUD strengthened partnerships with LGUs and private developers through finalization of various agreements, some of which resulted in the construction of evacuation centers to boost the country’s disaster preparedness.

Source: Philstar

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