PAG-IBIG FUND, CALOOCAN NORTH MENTORS VILLE ASSOCiATION INC., AND HAUWEI BUILDERS TEAM UP FOR CALOOCAN NORTH TEACHERS’ HOUSING PROJECT

Pag-IBIG Fund, Caloocan North Mentors Ville Association Inc., and Hauwei
Builders team up for Caloocan North teachers’ housing project

Pag-IBIG Fund and Caloocan North Mentors Ville Association Inc. (CNMVAI) recently
led the ground-breaking ceremony of the “Mentors Ville 1” housing project. The project
is located at Palmera Spring Ville, Camarin Road, Caloocan City. There will be 173
houses to be built on the 10,147 sq.m. lot.

“This is Pag-IBIG’s first housing project in Caloocan in partnership with a developer
specifically for teachers. The beneficiaries have already been identified for the housing
project and we hope that this will be an inspiration to provide more housing for
teachers,” said Pag-IBIG Acting Deputy CEO for Home Lending Operations Cluster
Marilene C. Acosta.

According to Pag-IBIG Acting Senior Vice President for Business Development Sector
Benjamin R. Felix, Jr., there will be regular townhouse units and other units with firewall.
Each unit has a lot area of 35 sq.m. and a selling price of PhP1.2 Million. “The housing
project’s beneficiaries can avail of the units through Pag-IBIG’s End-User Home
Financing program,” he explained.

CNMVAI President Ma. Luisa S. Dannug thanked Pag-IBIG and project developer
Hauwei Builders & Development Corporation (HBDC) for helping realize the long-time
dream of teachers of having their own home and said, “Tayo ay pinagpala sa araw na
ito dahil binigyan tayo ng pagkakataon na matupad ang mga pangarap nating mga
guro.”

DepEd Division of Caloocan Supervisor Ms. Connie Bunag also thanked both parties for
giving teachers the opportunity to own a house.

Pag-IBIG signed a Memorandum of Understanding with the Department of Education
(DepEd) as early as December 2, 2011 to give DepEd employees and teachers access
to housing services such as housing loan counselling and pre-qualification screening,
among others.

Formed on September 2014, CNMVAI is composed of 1,600 teachers from various
public schools in North Caloocan. Through the organizational expertise of ISWEAR
(Institute for Social Welfare of Educators And Researchers), it was created purposely to
have a group focused on working towards the provision of housing to member-mentors
of the government.

Last September 2015, in coordination with the DepEd Central Office, Pag-IBIG met with
CNMVAI to further discuss the proposed housing project for teachers. Since then, PagIBIG
has assisted CNMVAI in finding a potential partner-developer/proponent willing to
undertake a housing project that is superior in terms of design but more affordable than
the regular inventories offered by developers. Pag-IBIG also provided briefings on its
programs to CNMVAI’s identified potential contractor/developer, conducted
prequalification services to CNMVAI members, and used the data as basis for the type
of housing units and package price that should be adopted.

CNMVAI finally found a partner in HBDC which accepted the challenge of offering an incity
housing project that will provide higher-quality housing units that are very affordable
to the teachers in North Caloocan. HBDC used to be a DepEd-accredited contractor for
school buildings and acquired the one-hectare property for this project.

After a series of discussions on the unit design and package price, a partnership among
HBDC (developer), CNMVAI (teachers-beneficiaries), and ISWEAR (mobilizer) was
sealed last January 16, 2017.

Readmore . . . www.pagibigfund.gov.ph/newsevents