15 Sep Pag-IBIG Says Housing Demands in Mindanao Increase Amid Scares of Terrorism
Pag-IBIG Fund said that there is a surge in housing demands in Mindanao particularly in areas near Marawi City where an ongoing crisis is being experienced.
In an article from Businessmirror.com, Pag-IBIG Fund CEO Acmad Rizaldy P. Moti said that the agency allocated P3 billion for their clients in Marawi City who are planning to renovate their houses.
He added that the agency is planning to coordinate with Mindanao State University (MSU) and Armed Forces of the Philippines (AFP) to allow evacuees to put up shelters at some portions of their areas.
Moti said that it did not affect the number of people who are applying for housing loans particularly at the nearby cities of Iligan and Cagayan de Oro, where, in fact, a spike of housing loan application was seen.
He said that the rehabilitation of Marawi City will bring even more people to apply for housing loans and a problem on land ownership can also bee seen to arise due to many residents occupying the lands owned by the government.
A meeting with the San Miguel Corporation will be done next week to convince it to donate 1,000 housing units for the victims of the crisis.