Breaking News

4PH Project Breaks Ground in Balete, To Build 4600+ Affordable Residential Units

The Pambansang Pabahay Para sa Pilipino Program (4PH), the flagship national housing project of President Ferdinand Marcos Jr., is set to build 14 mid-rise condominiums with a total of 4,608 housing units in the municipality of Balete.

Yesterday, officials from The Department of Human Settlements and Urban Development (DHSUD), PAG-IBIG Fund and the Local Government Unit of Balete, Batangas gathered for the groundbreaking ceremony of Balete Lakeview Residences–the tripartite’s project at Barangay Malabanan, Balete, Batangas.

4PH is a national housing project that aims to provide Filipino workers with their own homes subsidized by Pag-IBIG fund and DHSUD. This subsidy may equate up to a 5% reduction of the borrower’s outstanding loan interest rate which will make a low-income Filipino worker’s dreams of owning a home more attainable.

The 4PH housing program aims to build one million housing units per annum from 2023-2028 and is expected to attain its goal of zero Informal Settler Families (ISF) by its final year.

About Joel James Cubillas

Check Also

DOLE, Murata Inc. Pushes for Zero Child Labor, Holds Project Angel Tree

Tanauan City, Batangas. The Department of Labor and Employment (DOLE), The Philippine Manufacturing Co. Of …

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.