Sunday, May 29, 2011

News Update Housing chief to check Cebu City’s use of P28-million fund

CEBU CITY -- The National Housing Authority (NHA) in Central Visayas has asked the Cebu City Government to recover the P28.5 million it gave to the City from 2001-2009.

NHA Central Visayas project director Gavino Figuracion said the amount was part of the P30-million budget for the City to buy lots for relocation sites.

Figuracion said that since it is seed money, the City Government should recover it so that the fund will also be used for future housing projects.

He said NHA paid P10,000 for every beneficiary as counterpart in every lot acquired by the City for socialized housing projects since 2001.