Bacolod City Mayor Albee Benitez has signed a memorandum of agreement with WRS Holdings, and the Pag-IBIG Fund for the construction of an affordable housing project for informal settlers.
Providing better and comfortable homes for all informal settler families (ISF) in Bacolod City is one of the mayor’s flagship programs ever since he started his administration.
ISF with gross earnings pegged at minimum wage or some P12,000 a month, with still respectable take home pay prior to deduction of the computed housing loan amortization, are the primary target beneficiaries, provided they are or will become members of the Pag-IBIG Fund.
“We will be a prototype on how to execute the housing program of the national government.”
“We will be the first. We will be a model. We will be a prototype on how to execute the housing program of the national government. We’re very, very happy. At least, it is not just a signing memorandum of understanding. We can now show the actual units, already built,” Benitez said.
WRS Holdings, Inc. together with the Scheirman consortium, will start building an initial set of Asenso Yuhum Housing units numbering 10,000 at the city relocation site in Brgy. Vista Alegre (3,000) and on the city property in BREDCO (7,000), with a commitment to build another set of 10, 000 units as additional land is made available by the city government.
Benitez hopes to see the completion of an initial number of housing units in time for the State of the Nation Address of President Ferdinand Marcos Jr. in July.