The real estate industry expressed hope that the country’s housing backlog, now affecting some 6.7 million poor families, will receive higher priority under the administration of president-elect Ferdinand Marcos, Jr.
The Chamber of Real Estate and Builders’ Associations Inc. said the industry looks forward to housing concerns being included among the new administration’s priority agenda.
CREBA national chairman Charlie Gorayeb said the problem of homelessness continued to escalate 35 years since the adoption of the constitutional mandate for an urban land reform and housing program for the underprivileged.
“Problems besetting housing efforts have remained unresolved, the major ones being lack of affordable and effective homebuyer financing mechanisms that targeted the truly underprivileged, inaccessibility of land, over-regulation and bottlenecks in the licensing and permitting processes for land and housing development, especially at the local government level,” he said.
He said that with the new administration, the housing sector anticipates a cohesive, concrete and well-targeted approach towards a lasting solution.