The Social Housing Finance Corp. (SHFC) broke ground on two multistory housing projects in Novaliches, Quezon City on April 6. The projects are part of the national Pambansang Pabahay para sa Pilipino Housing (4PH) program.
SHFC president and chief executive Federico Laxa and Quezon City 5th District Rep. Patrick Michael Vargas led the ceremonies.
Pascualer 7, a seven-story building in Barangay San Bartolome, will benefit about 300 families. Pascualer 10, in Barangay San Agustin, consists of two 14-story and one 10-story buildings to accommodate over 1,000 families.
“These projects signify our unwavering dedication to leaving no family behind, ensuring that every Filipino has access to decent and affordable housing under the 4PH, the flagship initiative of President Ferdinand Marcos Jr.,” Laxa said.
“With the leadership of DHSUD [Department of Human Settlements and Urban Development] Secretary Jerry Acuzar, we at SHFC are steadfast in bridging this gap and fostering vibrant, inclusive communities where every Filipino can thrive,” he said.
Similar to other 4PH projects, Pascualer 7 and Pascualer 10 are located in central areas with easy access to essential amenities like markets, hospitals and schools. The developments are expected to create jobs and reduce commuting times for future residents. Performance Builders and Developers Corporation will construct both projects.
Vargas said the projects would have a transformative impact on his constituents. “We are not just building homes; we are building brighter futures for those in need of shelter in the city,” he said. “Together with SHFC led by President Laxa, we are making a difference and ensuring that every family has a place to call home.”