Aquino distributes housing units to low-salaried policemen, soldiers.
In a ceremony in Bocaue town in Bulacan province north of Manila, Aquinohanded over Certificates of Entitlement to Lot Allocations to the beneficiaries represented by two members each from the national police (PNP) and the the armed forces (AFP).
National Housing Authority General Manager Chito Cruz said the AFP-PNP Bocaue Hills Housing Project covers some 30 hectares which was divided into 4,000 lot allocations. According to Cruz, the average floor area of each housing unit is 36x40 square metres.
The community has amenities such as a basketball court, day care centres and livelihood training centres, among others.
It also has an underground drainage system, concrete road network with side-walks and concrete curb and gutter.
Soldiers and policemen will be paying a monthly amortisation of 200 pesos (Dh17) for the first five years, and will gradually increase to 1,307 pesos for the last five years of payment. The 140,000 peso selling price of each housing unit is payable in 30 years at six per cent interest rate per annum.
A total of 35,000 pesos for each unit was subsidised by the government from its original price of 175,000 pesos.
Last May Aquino launched the first batch of housing units for low-salaried soldiers and policemen nationwide.
The government plans to construct of 21,800 housing units by the end of the year.
The military and national police is an all-volunteer force and not conscripted. Most of those who enter service usually serve until they reach the retirement age of 56 years.
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