Everything you've wanted to know about RP politics, but were afraid to ask.

Billions spent on housing, but poor still live in slums

Posted by akosistella on March 24, 2010

By Dan Mariano

In a letter circulating online, [former HUDCC secretary general Antonio] Hidalgo acknowledged that Villar built thousands of low-cost houses in over a decade or so under the Unified Home Lending Scheme (UHLP), as provided for in Executive Order No. 90, also known as the Socialized Housing Law.

[Manny]Villar and his “minions” in the Chamber of Real Estate and Builders Associations (CREBA) drafted EO 90. In 1986, they got then President Corazon C. Aquino to sign the law under her “revolutionary” government when she exercised legislative powers. They promised to solve homelessness in the Philippines once and for all.

“But [Villar] did this to rake in billions in profits at the expense of the government, not out of a concern for the homeless poor,” Hidalgo said.

By the 1990s the UHLP had not only failed to solve homelessness, it had also nearly bled the country’s financial system dry. In 1997, the HUDCC finally reformed the program “to prevent Villar from bankrupting the country,” Hidalgo said.

Click Dan Mariano.

Bookmark and Share


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: