Low Cost Housing Loan for DepEd Techers

DepEd announces that teachers and non-teaching personnel will now have access to socialized housing at P300.000 maximum. It is known as Project Shelter with the partnership with Pag-IBIG Fund, the local government units (LGUs), and nongovernmental organizations Habitat for Humanity and Gawad Kalinga.

Under the project, LGU partners will identify and provide land (project site) as their assistance. They will also assign a housing officer to manage LGU socialized housing programs.

Meanwhile, the Habitat for Humanity and Gawad Kalinga will assist in the construction and provide a preschool for every teacher village. They will also spearhead in the values formation and skills development of the residents.

The total development and construction cost of socialized housing is placed at Php 300,000 at the maximum level. The loan will be payable in equal monthly amortizations at 6 % per annum. DepEd will facilitate loan repayment until the loan is fully paid. The loan maturity is 30 years.

Employee beneficiaries are permanent DepEd employees. Those who do not have an outstanding multi-purpose loan in arrears at the time of the loan and not more than 65 years old at the time of the loan application qualify for the program. Meanwhile, the project excludes teachers and DepEd personnel who have previously availed of housing loan from SSS, GSIS, or pag-IBIG either as principal borrower or co- borrower.

The DepEd Divisions and Regional Offices are mandated to form local housing task force to ensure the efficient and effective pre and post implementation of the housing program in their respective areas.

For inquiries on Project Shelter, please contact the Office of the Assistant Secretary for Special Projects and Legislative Liaison at 633-7224 or 631-9641.

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1 Komento ng Ulirang Guro:

hopefully it will be realized and it would reach out to the remote and rural areas..

thanks for that brilliant idea for us teachers..