Manila-based housing developers extend 5M assistance to Tagum

Feb. 29, 2012

25 February 2012

Manila-based housing developers extend 5M assistance to Tagum

TAGUM–At least two relocation sites and one village developed by the City Government of Tagum received cash assistance amounting to more than PhP5 million from two Manila-based subdivision developers which will be utilized for the improvement of the sites’ drainage system and concreting of roads.

Sta. Lucia Realty and Development, Inc. donated PhP1.7 million to the City Employees Village in Purok Durian, Barangay Magugpo East for the concreting of its drainage system while the Iga Uy Village located in Purok 9, Barangay Madaum, will also receive the same amount for the concreting of its roads.

AMAIA Land Corporatin also donated PhP 1.5 for the concreting the roads of the Laureta Homes in Purok 8, Barangay San Miguel.

City Mayor Rey T. Uy welcomed the two developers’ “corporate social responsibility,” saying that public-private partnership is vital in the development of socialized housing for the urban poor.

As of this writing, the said financial assistance was already downloaded to the Trust Fund of the Local Government.

Republic Act No. 7279 otherwise known as Urban Development Housing Act of 1992 requires developers of subdivision projects to develop an area for socialized housing equivalent to at least 20 percent of the total subdivision area or total subdivision project cost.

The Local Government of Tagum City was chosen by the two developers since they found out through the internet that the City Government has more LGU-initiated programs on housing resettlements, Mr. Michael Ang, head of city’s task force on resettlement and anti-squatting, said in an interview. (PIA XI/ CIO Tagum)

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