MANILA (DWDD) – In order for the National Housing Authority to maximize their funds for the production of housing units, I have proposed for a special provision that would enable NHA’s fund utilization to be extended for two more years. This will give NHA elbow room of 3 years to fully use their funds.
As Chairman of the Senate Committee on Urban Planning, Housing, and Resettlement, I believe this would be more fair and practical for the NHA since the process in constructing housing units usually takes too long. This bureaucratic process is the reason why NHA’s funds cannot be disbursed within one year.
I have proposed this since our key shelter agencies now have a high budget obligation rate – 85 percent for the Housing and Urban Development Coordinating Council, and 75 percent for the National Housing Authority.
With the social problems that accompany and may worsen the country’s immediate housing backlog of 1.4-Million, I believe it is high time that we support the housing sector through this special provision. SENATE/MCAG