The completed 4PH building in Bacolod City
BACOLOD City — Bacolod City made history as the first local government unit in the Philippines to hand over a completed 4PH housing building.
Led by Bacolod Mayor Alfredo Abelardo “Albee” Benitez, the event marked the turnover of Building 1 of the Asenso Yuhum Residences in Arao to Bacolodnon families.
Article continues after this advertisementThe 4PH Program, launched under President Ferdinand Romualdez Marcos Jr.’s “Pambansang Pabahay Para sa Pilipino” initiative, aims to address the nation’s housing backlog. Bacolod’s milestone demonstrates its commitment to provide affordable and sustainable housing for its people.
FEATURED STORIES NEWSINFO LPA outside PAR develops into tropical depression on Saturday NEWSINFO Banknotes with PH historical figures to remain in circulation – BSP NEWSINFO Tropical depression lingers outside PAR; shear line, amihan affect PHBuyer-beneficiaries of Building 1 are the first to occupy units under the 4PH Program. Documentation is underway for additional beneficiaries slated to receive units in Buildings 2, 3, and 4.
The success stems from the collaboration of the Bacolod Housing Authority (BHA), led by Ma. Victoria Parrenas, and private sector partner WRS Holdings Consortium. The consortium includes Scheirman Construction Consolidated Inc. and RS Realty Developers Inc., setting a high standard for public-private partnerships in housing.
Article continues after this advertisementThe Department of Human Settlements and Urban Development (DHSUD), under Secretary Jose Rizalino Acuzar, played a vital role by providing subsidies to reduce housing costs for beneficiaries. This financial support reflects DHSUD’s commitment to equitable access to quality housing.
While the Marcos administration has been exerting efforts to attract more green power developments to the market, the sector may be dealing with some hitches as the projects are now “being processed for termination” due to the companies’ failure to meet committed timelines, the agency noted Sunday.
Article continues after this advertisementThe Home Development Mutual Fund (HDMF), led by President Marilene Acosta, also contributed by extending development loans and fast-tracking documentation. HDMF’s dedication to the 4PH Program ensures seamless transitions for beneficiaries into their new homes.
Article continues after this advertisementMayor Benitez said this achievement represents Bacolod’s drive to become a “Super City.” “By combining innovation, collaboration, and a focus on uplifting lives, Bacolod is setting the standard for urban housing development in the Philippines,” he said.
The Asenso Yuhum Residences symbolize hope and progress for Bacolodnon families. Through Mayor Benitez’s leadership and President Marcos’ vision, Bacolod remains a trailblazer in delivering dignified housing and sustainable communities.
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