MANILA (Mabuhay) – Vice President Jejomar C. Binay today called on mass housing developers to help in rebuilding Zamboanga City.
On the sidelines of the International Outsourcing Summit, Binay, who also chairs the Housing and Urban Development Coordinating Council (HUDCC), told reporters that thousands of houses need to be built in Zamboanga.
More than two weeks of fighting between government troops and the Moro National Liberation Front (MNLF) left wide areas of the city devastated.
The National Housing Authority (NHA) has already committed to build 500 units, adding to Gawad Kalinga’s commitment.
But mass housing developers with projects registered with the Board of Investments (BOI) could also help by way of their compliance with the socialized housing requirement under the Investment Priorities Plan (IPP), the Vice President said.
Housing developers with IPP-registered projects are required to allocate a fifth of the land area or project cost for socialized housing, or units that cost less than P400,000.
The Vice President called for an increase in the budget for housing to address the backlog as well as to serve those who lost their houses to calamities.
He said the government allocates a housing budget equivalent to 1.1 percent of gross domestic product (GDP). “Dapat taasan,” he said.
A measure of economic performance, GDP is the amount of final goods and services produced in the country.
The housing backlog now stands at 3.9 million and could balloon to five million by 2016 if left unaddressed, the Vice President said. (MNS)