Pag-IBIG Fund and Bases Conversion and Development Authority (BCDA) recently signed a Memorandum of Understanding that will finance the construction of a 2,000-unit rental housing project for prospective employees working for the different companies in the soon-to-rise Clark Green City (CGC) project. It will be built within the 25-hectare land of the CGC located at Sitio Kamatis, Capas, Tarlac. The signing event was led by Pag-IBIG President and CEO Atty. Darlene Marie B. Berberabe and BCDA President and CEO Atty. Arnel Paciano D. Casanova.
“We are honored and excited to be part of the Clark Green City project of the BCDA,” said Atty. Berberabe. “The CGC is the first green, smart, and disaster-resilient city in the Philippines. Our partnership involves the housing project for the employees of locator companies in the 9,450 hectare development. We plan to embark on rental housing, which we are eager to get into as a government-to-government arrangement.”
BCDA President & CEO Atty. Casanova welcomes this collaborative opportunity with Pag-IBIG, saying: “the reality remains that low-income families cannot immediately aspire for homeownership because of the tremendous costs involved. There is thus a need to create for them, in the interim, a rental housing program with affordability as the primary driver. As we build Clark Green City together, we will be able to provide decent, humane, and inexpensive rental housing for employees who will be working in the CGC. We are thankful for Pag-IBIG Fund for their support,” he said.
BCDA Director and former Pag-IBIG Fund President & CEO Zorayda Amelia C. Alonzo also expressed excitement about the partnership, saying, “Thank you, Pag-IBIG, for helping us in making this project possible.” Miss Alonzo has the longest tenure as President of Pag-IBIG Fund, from July 1989 to October 1999.