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.
This entry was posted on March 24, 2010 at 6:13 AM and is filed under 2010 elections, Manny Villar, Opinion, Philippine politics. Tagged: 2010 elections, Antonio Hidalgo, Chamber of Real Estate and Builders Association, Corazon Aquino, CREBA, housing, Housing and Urban Development Coordinating Council, HUDCC, Manny Villar, Philippine elections, Philippine politics, Philippines, real estate, slums, Socialized Housing Law, squatters, Unified Housing Lending Scheme. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.