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Philippines
Thursday, February 13, 2025
26.8 C
Philippines
Thursday, February 13, 2025

SHFC launches new 4PH project in Laguna

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The Social Housing Finance Corporation (SHFC), in collaboration with the Municipality of Los Baños, broke ground on a new housing project under the Pambansang Pabahay para sa Pilipino Program (4PH) on November 27. This initiative is part of President Ferdinand R. Marcos, Jr.’s mission to address the nation’s housing backlog and provide affordable and quality homes to Filipinos.

Located in Barangay Anos, Bagong Los Baños Residences is a vertical housing development that is set to benefit more than 2,100 member-beneficiaries, including families living in danger zones, informal settler families, and local government employees.

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Leading the event were SHFC President and CEO Federico Laxa, Mayor Anthony Genuino, and Department of Human Settlements and Urban Development (DHSUD) Regional Office IV-A Director Jean Paul Ilao.

In his address, Laxa emphasized the importance of strategic site selection for vertical housing projects, given the scarcity of land. “We deliberately choose locations that are near essential amenities such as commercial centers, schools, and hospitals,” he said.

Laxa also highlighted the months of careful planning invested to ensure the quality of the housing development. “We didn’t settle for the usual; we brainstormed tirelessly to deliver a project that exceeds expectations. This isn’t just socialized housing—it’s a community equipped with modern amenities that ensure a high standard of living,” he added.

SHFC president and chief executive officer Federico Laxa and Los Baños Mayor Genuino lead the groundbreaking of Bagong Los Baños Residences.

Mayor Genuino expressed his gratitude and excitement, calling the project a “dream come true” for the people of Los Baños. He added that the project will be a lasting legacy for his constituents, symbolizing hope and progress for future generations.

Representing DHSUD Secretary Jose Rizalino Acuzar, Regional Office IV-A Director Ilao, reaffirmed the department’s unwavering support for the project, emphasizing its vital role in addressing the housing gap through the 4PH.

The Bagong Los Baños Residences is part of SHFC’s broader efforts to contribute to the success of the 4PH Program, which aims to deliver affordable, resilient, and well-planned housing developments nationwide.

To date, SHFC is currently overseeing 12 4PH projects, including significant developments in Crystal Peak Estates in San Fernando City, Pampanga., People’s Ville in Davao City; and Valley View Township in Tagoloan, Misamis Oriental. These projects form part of the 111 shovel-ready initiatives aimed at providing more than 505,000 units by 2028.

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