Binay: Broadcasters to have own homes

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VICE President Jejomar Binay has expressed hope that more broadcasters will have a chance to own their own homes with the signing of a memorandum of understanding between Pag-IBIG Fund and the Kapisanan ng mga Brodkaster ng Pilipinas (KBP) recently.

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Binay, chairperson of the Pag-IBIG board of trustees, said broadcasters will now have more good news to relay once they get their own houses.

“It is for this reason that I instructed Pag-IBIG to explore a partnership with KBP to help address some of your members’ housing needs. I understand that the Pag-IBIG Home Lending Programs have already been presented to you in one of the meetings between KBP and Pag-IBIG regarding the matter,” he said.

“I have been regularly apprised of the developments of your meetings. In fact, I have been informed of the proposal to implement a housing project called ‘Broadcaster’s Village,’” he added.

Binay said he also discussed with Pag-IBIG president Darlene Berberabe the need for more immediate measures to provide houses.

He noted that 96 percent of Pag-IBIG’s acquired properties inventory have a price range of P172,000 to P737,000 per unit and the lowest monthly amortization rate is P1,501.

“Pag-IBIG has about 72,000 acquired properties located in different areas across the country. While not all of these are ready for disposition, I can assure you that there are enough units in our inventory to choose from. In the National Capital Region alone, 21,000 units are available for disposition,” he said.

Under the MOU, Pag-IBIG will provide KBP with available corporate-wide housing inventories on a regular basis, which will serve as ready inventories for KBP member network-employees.

It will also provide housing loan counseling to prospective borrowers and assist in the initial housing loan documentation.

“And we can definitely do that through Pag-IBIG’s home matching program. For example, if members of one KBP chapter wish to buy housing units in a particular area, the business development sector of Pag-IBIG will coordinate with our partner-developers that have existing projects in that location so we can find available units that match their needs and capacity to pay,” he explained.

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