PHILSTAR FILE PHOTO

THE DEPARTMENT of Human Settlements and Urban Development (DHSUD) is looking to build 3,000 housing units in Toledo City, Cebu, as part of its flagship housing project.

“The DHSUD, together with the city government of Toledo and the Pag-IBIG Fund, sign a tripartite memorandum of agreement for a housing project under President Ferdinand R. Marcos, Jr.’s flagship Pambansang Pabahay para sa Pilipino Program (4PH) on Friday, marking a major step toward providing decent yet affordable housing for Toledohons,” it said in a statement posted on its Facebook page last week.

The property will also have open spaces, parking lots and other amenities.

The Home Development Mutual Fund or Pag-IBIG will provide financing support for the program.

In his message, DHSUD Secretary Jose Rizalino H. Acuzar said that the 4PH program seeks to address homeownership concerns in the country, such as high costs.

A flagship program of the Marcos administration, the 4PH Program aims to construct one million housing units annually until 2028, with the price range of housing units at P580,000 to 1,150,000.

The Philippines’ housing need is projected to jump to 22 million by 2040, according to a report by the United Nations Human Settlements Programme. — Beatriz Marie D. Cruz