Thursday, February 17, 2022

DHSUD seeks incentives for ‘rental housing’

The Department of Human Settlements and Urban Development (DHSUD), the central housing authority in the country, is looking at incentivizing “rental housing” by including this scheme in the list of projects under the Strategic Investment Priority Plan (SIPP).

DHSUD Real Estate Development and Regulation Bureau OIC-Director Atty. Angelito Aguila said at the “Kapihan sa DHSUD: Housing Matters” that there are talks with the Board of Investments (BOI), the main agency in the crafting of the SIPP, to include even rental housing in the list.

“We have to come up with other modes of secured housing. We can grant usurfruct for housing for those who are not yet ready for home ownership in terms of affordability and preference by providing temporary rental,” he said.

Aguila explained that ‘rental housing’ is another provision of the country’s 20-year Housing Roadmap, which seeks to address two issues of housing backlog and affordability.

“For those who want a home in the city for their children in school and eventually go back to the province, why not just provide with temporary rental housing,” said Aguila.

SOURCE: MB

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