GENERAL SANTOS CITY (MindaNews/27 January) – The provincial government of Sarangani has finally unveiled its P80-million housing venture in the capital town of Alabel, opening its doors earlier this week to the first 11 local government workers who availed of the initiative.
Sarangani Gov. Miguel Rene Dominguez said they formally turned over the initial 11 of the 180-unit Capitol Residences in Purok Sto. Niño, Poblacion in Alabel town last Tuesday, two years after it was launched as a pioneering Public-Private Partnership (PPP) housing project in the area.
“This is a realization of our previous commitment to provide better shelter through medium grade but affordable housing facility for our employees,” the governor said in a report released by the Sarangani Information Office.
The housing project is a joint initiative of the provincial government, the Home Development Mutual Fund (HDMF) or Pagibig Fund and property developer Sarangani Land and Development Corporation (SLDC).
The provincial government earlier released P6 million for the purchase of the housing complex site, which were subdivided into 180 lots occupying 210 square meters each.
SLDC is currently developing the site into a formal housing subdivision with complete features and housing units that comprise a floor area of 39.24 square meters.
The housing units were earlier offered to provincial government employees at socialized packages worth P460,000 through Pagibig Fund financing.
Dominguez said the housing project could become a template for other local government units (LGUs) and government agencies to follow “as a progressive, innovative way of developing (resources).”
“This may signal the start of investments and developments that would provide formal, decent and the best housing structures in Sarangani,” he said.
Lawyer Darlene Marie Berberabe, HDMF chief executive officer, said the Capitol Residences is so far the first among a number of proposed PPP housing projects nationwide that was fully implemented.
She cited that the project was even implemented ahead of the housing program for LGUs that is being promoted by Vice President and Pagibig Fund housing program chair Jejomar Binay.
During the simple turnover rites, the provincial government and its partners signed a memorandum of understanding (MOU), a portion of which detailed the recoupment of the P6 million that the local government invested for the six-hectare housing site.
It said the provincial government would earn P33,334 per housing unit based on the one peso computation from the proceeds of the loan per take-out. (Allen V. Estabillo / MindaNews)