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LUMINA HOMES STEPS IN TO ADDRESS

THE NATION’S LACK OF AFFORDABLE HOMES

      With the country’s population increasing and the loss of thousands of homes to natural disasters, there currently exists a massive housing deficit.  According to the Subdivision and Housing Developers Association, Inc. (SHDA)–an alliance of over 200 private housing developers–the backlog currently stands at 3.9 million units and could rise to 6.5 million in 2030 if the issue is not addressed.  With an average of 5 – 6 people per household, the numbers indicate that by 2030, nearly 40 million Filipinos would be without shelter.  

      While the SHDA’s numbers include those who can afford and those who cannot, socialized housing is second on the list of those needing immediate shelter delivery.  Based on their “New Housing Needs” profile, the country’s socialized housing needs will reach 1.58 million units between now and 2030.  This is due largely to delays in development permits in within the local government units (LGUs), price hikes in utility costs, increases in the cost of raw land, and the obvious lack of funding for the poor. 

        In response to the SHDA’s continuously urging the government to step up their efforts to address this problem, Batasang Pambansa 220 (BP220) was created.  The government act encourages the private sector to engage in the development of economic and socialized housing in both urban and rural areas across the country.  

       

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