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PIA Press Release

PGMA urges CREBA to continue being government's partner

Manila (9 September) -- President Gloria Macapagal-Arroyo Thursday called on the Chamber of Real Estate and Builders Association (CREBA) to continue being government's partner in building homes for the people and in transforming informal settlers to legitimate homeowners in safer places.

In her keynote address at the 24th National Convention of CREBA held at the Atrium of the LimKetKai Center here, the President stressed that now more than ever, CREBA can be government's partner in providing decent homes to those evacuated from dangerous areas during the onslaught of typhoons "Ondoy" and "Pepeng."

The President noted that for decades, many people, mostly informal settlers, occupy dangerous places such as lake shores and riverbanks. The government, she said, will not allow those evacuated from these dangerous areas to return.

The President said several developers have committed some of these (safe relocation) areas and that, within a month, they would be able to build houses for people to move in.

At the same time, the President urged CREBA to explore the countryside for more opportunities to build homes for the people, especially middle and low cost housing.

She noted that in spite of the global recession, private construction sector in the Philippines grew by 17 percent last year due to the surge in middle and low-income housing.

She vowed to continue to work aggressively to ensure that the economic growth that has been generating jobs and revenues to invest in new infrastructure and critical social programs would also be sustained.

"We will continue our Economic Resiliency Plan and its important components like the Conditional Cash Transfers to the poorest of the poor. Through the support of all levels of government and the hard work of our people, including your industry, we will not be deterred in our effort to maintain growth. We will intensify our investment in infrastructure. We will continue our Livelihood and Emergency Employment Program. We will continue to work with you to ensure our public-private sector partnership," the President said.

The Chief Executive said the Housing and Urban Development Coordinating Council (HUDCC) has dropped interest rates and increased the coverage of socialized housing loans and the maximum loanable amount and that the Bangko Sentral is keeping the key policy rates unchanged.

"I count on CREBA to continue to be government's efficient shelter partner as we move forward. I count on CREBA to continue to be government's efficient shelter partner as we move towards the First World in 20 years," the President said.

CREBA is the country's largest organization of real estate brokers, developers, professionals, suppliers, and other allied businesses. (PIA) [top]

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