DHSUD to build housing units in Toledo, Cebu

The Department of Human Settlements and Urban Development (DHSUD) will build 3,000 housing units in Toledo City, Cebu, as part of its flagship housing project.

A tripartite memorandum of agreement, under the flagship project of President Ferdinand Marcos, Jr  dubbed as Pambansang Pabahay para sa Pilipino Program (4PH), was signed by DHSUD, together with the city government of Toledo and the Pag-IBIG Fund.

The property will also have open spaces, parking lots and other amenities.

The Home Development Mutual Fund or Pag-IBIG will provide financing support for the program.

DHSUD Secretary Jose Rizalino H. Acuzar said that the 4PH program seeks to address homeownership concerns in the country, such as high costs.

A flagship program of the Marcos administration, the 4PH Program aims to construct one million housing units annually until 2028, with the price range of housing units at P580,000 to 1,150,000.

The Philippines’ housing need is projected to jump to 22 million by 2040, according to a report by the United Nations Human Settlements Programme