Pag-IBIG, BCDA work to build more homes in New Clark City
MANILA — Pag-IBIG Fund and the Bases Conversion and Development Authority (BCDA) are working to build new homes in New Clark City.
Under their partnership, the agencies will pursue housing and other development opportunities on identified BCDA properties. The partnership is initially prioritizing a 10-hectare property in Bamban, Tarlac, and a 4-hectare property in Capas, Tarlac, which will host a government center “and other complementary developments.”
Pag-IBIG said the housing project is for workers in New Clark City, allowing them to own affordable homes close to their workplaces.
The township developments will also include commercial and recreational spaces, allowing homeowners “a more convenient and balanced way of life” and access to essential services.
Pag-IBIG Fund chief executive officer Marilene Acosta said the partnership considers how a home’s location affects workers’ daily lives.
“This gives us an opportunity to build homes closer to workplaces and make it possible for our members to walk to work, helping them spend less on transportation, avoid long commutes and enjoy a better balance between work and home,” she said. “Beyond homeownership, we want our housing efforts to ease our members’ daily expenses and give them more time with their families,” Acosta said.
“Making homeownership more accessible means bringing together affordable financing and quality homes in locations that meet Filipino workers’ needs,” she added.
BCDA president and chief executive officer Joshua Bingcang, meanwhile, said the partnership will make sure its properties are put to productive use, and that development keeps pace with the needs of the people.
Pag-IBIG said that aside from New Clark City, similar projects are also being eyed in Camp John Hay in Baguio, Morong Discovery Park in Morong, Bataan, and the Poro Point Freeport Zone in San Fernando, La Union.
Pag-IBIG has so far partnered with housing developers Amaia, Avida, SM Development Corp, Filinvest, and Robinsons Land to build more afffordable homes for Filipinos.