Housing Program	Actual CY 2006	Actual CY 2005	%Change	2005-2010 Fighting Targets	% Accom- plishment
Resettlement Program	0	8	0	5,662	0
Community Mortgage Program	342	416	-17.78	-	0
Pag-ibig Housing Loan Program	697	848	-17.80	8,552	8.15
Institutional Loans (GLAD/Direct Development Loan)	1,137	226	403.09	2,400	47.37
Completed Housing	0	0	0	699	0
Community Based Housing Program	0	171	0	1,143	0
Medium Rise Housing	0	0	0	210	0
Local Housing Program	150	294	-48.97	377	39.79
Abot-Kaya Pabahay	298	158	88.61	-	0
Retail Guaranty	0	10	0	-	0
Asset Disposition	59	59	0	-	0
Services	13	0	0	-	0
Total for key shelter agencies	2,696	2,190	23.1	19,043	14.16
Core Shelter Assistance  Program	0	69	0	-	-
Bahay Ko Housing Program	-	36	0	-	-
Grand Total	2,696	2,295	17.47	19,043	14.16

                 Source:  HUDCC V, NHA, HDMF, GSIS, DSWD

 

Housing for All

 

   Only Institutional Loans and Abot-Kaya Pabahay Program registered positive growth in 2006 compared to 2005 as shown in Table 1. The output of the former represents 47.37 percent of the fighting target and will achieve its target for the medium term. Local Housing Program (LHP) registered a negative growth but already achieved its medium-term target in 2004. Key shelter agencies that implement the rest of the major housing programs will have to double their efforts in order to achieve targets set in the plan.

 

   Although Community Mortgage Program (CMP), Pag-ibig Housing Loan Program (PHLP) and LHP showed negative growths, it also accounted for 44 percent of the total housing output for the year with a total value of P277.96 M which was more than 75 percent of the total housing investments. The Home Development Mutual Fund (HDMF) is implementing the PHLP which released a total of P260.247 million to 697 fund members. The National Housing Authority (NHA), on the other hand, is implementing CMP and LHP which released P15.8081 M and P1.90 M, respectively that benefited a total of 492 families. 

 

   Abot-Kaya Pabahay, which is being implemented by the Home Guaranty Corporation (HGC), registered a positive growth of more than 88 percent compared to the previous year. The performance of this program is dependent upon the Home Development Mutual Fund. Only when HDMF taps the guaranty corporation to enroll projects under its guarantee program will these accrue to the Abot Kaya Pabahay Program.

 

   The Emergency Housing Assistance Program (EHAP) of the NHA did not register any accomplishments because of lack of funds.

 

   Several measures were adopted by the sector to make housing loans more available and affordable:

 

1. Adjustments in the ceilings of loan packages, to wit: i) Socialized Housing (P300,000 and below), ii) Low Cost Housing Level I (P300,0o0-P500,000), iii) Low Cost Housing Level II (P 500,000-P 1.25 M), iv) Low Cost Housing Level III (Above P 1.25 M to P 3.0 M, and v) Open Housing (Above P 3.0 M).

2. Reduction in interest rates of Pag-ibig housing loans: i) up to P 300,000 – 6%, ii) over P 300,000 to P 500,000 – 7%, iii) over P 500,000 to P 1.0 M – 10.5%, and iv) over P 1.0 M to P 2.0 M – 11.5%.

3. Collection efforts for Pag-ibig fund members were intensified.  Higher membership level means more funds available for housing. 

4.  Moratorium on GSIS housing loan payments for five months and on Pag-ibig housing loans for six months to provide relief for fund borrowers affected by the three typhoons in 2006.

5.  Short-term loan program made more available.  Minor house repairs could be made through financing under short-term loans.

Security of Land Tenure 

   The President issued several proclamations to provide security of land tenure to urban poor and informal settlers in the region. Proclamation 40 involves 139 hectares of unutilized properties of the Philippine National Railways (PNR) in Albay and Legazpi City and is expected to benefit 4,800 families. The Legazpi City Government had already purchased a portion of the property located in Looban, Barangay Peñaranda as a pilot area for socialized housing.  A Certificate of Entitlement for Lot Award or CELA was awarded to 81 families and 13 are still for validation by the Awards and Arbitration Committee.

 

   E.O. No. 90 declared the property of the Department of Public Works and Highways (DPWH) in Bulan, Sorsogon as a socialized housing site that will benefit 716 families. The masterlisting of beneficiaries was completed and CELA were granted to the beneficiaries.  The local government conducted subdivision survey of the area and is awaiting approval by the Land Management Bureau of the DENR.

 

   Proclamation No. 593 covers barangays Caroyroyan and San Jose in Pili, Camarines Sur. The Implementing Rules and Regulations is being finalized and actual survey is being conducted for the proposed delineation of areas and to determine the number and lot allocation for each agency beneficiaries. The property has a total area of 160 hectares. Proclamation No. 653 covers a parcel of land in Barangay 2 - EM’s Barrio South, Legazpi City. The proposed beneficiaries are 157 families but this number may decrease due to a 69 KV right-of-way limit of Transco that traversed the area. 

 

Employment Generation

 

   The housing sector provided 21,568 units of jobs1[in 2006 which is higher by 21.11 percent compared to last year’s output and represents 14 percent of the total sectoral target.  Given this trend, the sector will most likely achieve its targets for the plan period.

 

¹ Constructing a house involves an average of eight people/workers and requires 124 man-days.

Table 2 Number of Jobs Created

Housing Program	Actual CY 2006	Actual CY 2005	%Change	2005-2010 Fighting Targets	% Accom- plishment
Pag-ibig Housing Loan Program	5,576	6,784	-17.8	68,416	8.15
Institutional Loans	9,096	1,808	403.0	19,200	47.37
Resettlement Program	0	64	0	45,296	0
Completed Housing	0	0	0	5,592	0
CBHP	0	1,368	0	9,144	0
Medium Rise Housing	0	0	0	1,680	0
LHP	1,200	2,352	-48.97	3,016	39.79
Abot-Kaya Pabahay	2,384	1,264	88.61	-	0
CMP	2,736	3,328	17.79	-	0
Retail Guaranty	0	80	0	-	0
Asset Disposition	472	472	0	-	0
Bahay Ko Program	-	288	0	-
Services	104	-	0	-	0
Total	21,568	17,808	21.11	152,344	14.16

                 Source:  HUDCC V

   Institutional Loans, PLHP, CMP, Abot-Kaya Pabahay, and LHP accounted for the bulk of the jobs generated at 97 percent.