DHSUD sets dialogue with private partners to ease ME crisis impacts

MANILA – The Department of Human Settlements and Urban Development (DHSUD) is set to conduct dialogues with private developer groups to formulate measures on how to mitigate the impact on the economy of the dragging war in the Middle East.

DHSUD Secretary Jose Ramon Aliling called for the dialogues to ensure that proactive measures are in place to reduce the impact of the ongoing conflict, and sustain the positive momentum of government housing initiatives, particularly of President Ferdinand R. Marcos Jr.'s flagship Pambansang Pabahay para sa Pilipino (4PH) Program.

He also highlighted the importance of balancing the mandates of DHSUD in addressing the concerns of the developers while protecting the interests of homebuyers within the bounds of the law and amid the uncertainties sparked by the war.

Invited for the dialogue were the Subdivision and Housing Developers Association, Inc., Organization of Socialized and Economic Housing Developers of the Philippines, and the Chamber of Real Estate and Builders Association.

"Alinsunod sa direktiba ni Pangulong Marcos Jr., nais natin balansehin ang pag address sa concerns ng mga developers at ang pagpo-protekta sa ating mga homebuyers base sa itinatakda ng batas (In accordance with President Marcos Jr.’s directive, we want to balance addressing the concerns of developers and protecting our homebuyers based on the provisions of the law)," Aliling said.

"Nais din natin masiguro na handa ang housing and real estate sector sa epekto sa ekonomiya, kaya ngayon pa lamang ay magkakaroon na tayo ng alignment of efforts sa ating mga private partners (We also want to ensure that the housing and real estate sector is prepared for the impact on the economy, so right now we will have an alignment of efforts with our private partners).”

The impact of the Middle East crisis is already evident in the rising fuel prices in the country, which are projected to get worse as the war drags on.

“Importante na mailatag natin ang mga proactive measures na mabubuo bago pa man lumala o tumagal pa ang digmaan. Ito ay upang maibsan ang epekto sa ating ekonomiya (It is important that we put in place proactive measures that can be developed before the war worsens or lasts longer. This is to mitigate the impact on our economy)," Aliling said.

"Kaya sapat na paghahanda ang kailangan, at pagtutulungan ng gobyerno at pribadong sektor upang maiwasan natin mas malawak na epekto sa housing (Adequate preparations and cooperation between the government and the private sector are needed to prevent widespread effects on the housing sector).” he added. (PR)