The Department of Budget and Management (DBM) disbursed a total of P3.4 billion to the National Housing Authority (NHA) for the housing program for informal settler families (ISF) living in disaster-prone areas and danger zones in Metro Manila.
According to the DBM, the fund will cover deficit and cash requirement of construction and completion of off-city housing projects for the months of September to October, which totaled to development of 3,086 housing lots.
“The fund release to the NHA will allow the Administration to address the perennial flooding in several problematic areas in Metro Manila, by relocating ISFs to safer areas,” Budget Secretary Florencio Abad said.
“At the end of the day, the primary goal is to prevent the potential loss of property and lives caused by flooding, primarily through the provision of safe housing alternatives to our informal settlers,” he added.
According to Abad, the cash fund was sourced from savings of year 2011 handled by the Bureau of Treasury (BTR), as these savings were initially included in the fund source of the required P10-billion allocation for housing programs this year.
Earlier in August, the agency disbursed a total of P3.8 million to develop 12,941 off-city lots that resulted in the construction of 12,291 house units by far.
The DBM also said that a total of 6,511 families benefitted from the previous housing budget allocation, and that the relocation program supported land acquisition and development and provision of community facilities.
The housing program is said to be completed by 2014 which would provide a total of 24,851 new housing units. KRISTYN NIKA M. LAZO