The state-owned Bases Conversion and Development Authority (BCDA) targets the construction of low-cost and affordable housing project in Clark Green City (CGC) by second quarter next year.
BCDA President and Chief Executive Officer Arnel Paciano Casanova told reporters that after the funding agreement with the Home Development Mutual or Pag-IBIG Fund and selecting the design for the low-cost housing project in CDC, BCDA’s next step is to bid out the construction of project.
BCDA awarded the best design in its Building Accessible and Liveable Ecologies (BALE) international housing design competition on Thursday evening to 1/0 Design Collective—the team of Filipino architects Jan Carlo San Luis and Angelo Ray Serrano.
The team received $40,000 from BCDA for winning the BALE competition.
“The winning housing design stands for the attainment of quality of life as it is both innovative and inclusive,” Casanova said.
He stressed that the housing project in CGC is different from Bonifacio Global City (BGC) in Taguig City as it will be on a rental basis which even minimum wage earners can afford.
“We are proud of what we have accomplished here in BGC but unfortunately if you are working here in BGC you cannot find a place to live. You cannot buy simply because of the cost. For that reason, the slums have grown in the peripheries of the BGC. It makes the City non-inclusive,” he said.
“But as we build new metropolis we are first bringing in a housing program which even the minimum wage earner could afford and you could do that by providing rental scheme,” the BCDA chief added.
“We realize in our history, in our experience, that you cannot easily transform a homeless person into a homeowner overnight by simply giving a house on a subsidize basis because you cannot afford the amortization then eventually even the real property taxes, association dues. There are expenses associated with owning a house,” he further explained.
For rental schemes, tenants will only pay for their monthly rentals and the land owner will be responsible for other expenses such as real property tax, among others, Casanova added.
According to Casanova, BCDA’s joint venture with Pag-IBIG Fund for the initial 2,000 housing units will cost to about P2.0 billion.
The BCDA and PagIBIG Fund low-cost housing will be situated in the 279-hectare land in CGC allocated by the former for housing developments.
The BCDA chief clarified that the 279 hectares will be a mix of housing projects aside from low-cost and affordable housing.
He said the initial 2,000 housing units can be marketed to the 85,000 employees within the Clark economic zone.
“It would build a critical mass of population within the City. Clark as it now has 85,000 workers. So we’re only building about 2000 units. They could immediately taken up by corporations for example inside the Clark ecozone. They can even use them as their workers’ housing facility,” Casanova said.