At least 57 families have been identified as the first batch of beneficiaries.
Nineteen of these families were relocated from the Cebu South Bus Terminal, 12 from Mahiga Creek, 15 from Cebu Tennis Club, 10 from the Cebu Rehabilitation Center Incorporated, and one from Barangay Mabolo.
During a meeting organized by Gov. Gwendolyn Garcia at the Capitol on Thursday, May 11, the majority of settlers agreed with the governor’s offer.
The residents can pay their housing loan with Pag-Ibig for a maximum of 30 years.
According to Sugbo News, Capitol’s online news portal, they settlers are also given the option to purchase the lot in cash to avoid paying interest.
Ramon Baguio Jr., one of the occupants, thanked the governor for giving them the opportunity to own the lot and said they are no longer worried about being ejected from the area.
“Maayo ang gihimo ni Gov Gwen nga affordable bahalag 30 years liman ka thirty years basin makadaog pa diay ka og lotto,” matod ni Baguio pinaagi sa sugbo news.
(Gov Gwen is doing the right thing, which is affordable, even 30 years. Imagine 30 years, what if I won the lottery?).
In line with this development, Garcia called on the residents to inform others who want to live in the area about the Capitol’s offer.
Garcia is expected to meet the beneficiaries again at the Capitol, where Pag-Ibig officials will explain to them the loan terms and the reappraised value of the lots that they occupy. (ANV, TPT)