00:00It is expected that the construction of houses will be accelerated after President Bongbong Marcos approved the Sovereign Guarantee.
00:09According to the Department of Human Settlements and Urban Development,
00:13because of the Sovereign Guarantee, the National Housing Authority and the Social Housing Financing Corporation
00:20will lend to the private sector for the funding of the program.
00:25The government will also provide a subsidy in the interest of housing loans in Pag-ibig.
00:31As of now, the construction of housing units in various places in the country is ongoing.
00:39Because the last time we used private money, the funding was very slow.
00:47Since this will also be borrowed, we have decided that the government will also lend
00:53so that the construction will be accelerated and fast-tracked.
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