Lucena City Mayor Roderick Alcala and Social Housing Finance Corporation (SHFC) president Arnulfo Cabling led the groundbreaking ceremony for the five-story tenement building in Barangay Marketview in Lucena City early this month.
Alcala said the tenement will house 625 indigent families, each to be given a 23-square meter floor area with room for a loft, with a minimal monthly amortization.
He said families living in high-risk areas such as riverbanks are prioritized in this joint project of the city government and SHFC that is being funded with close to PHP300 million.
Alcala said the project, the first in Calabarzon region, is in response to requests received by his office by families who lack a decent shelter.
Marketview barangay chairman Edwin Napule thanked the city government for choosing his village as the pilot beneficiary of the low-cost housing project.
He said they will make sure the intended occupants will really reside in the tenement and not rent out their unit to other people.
Alcala said the housing project is expected to be completed within 36 months. (PNA)