MORE AFFORDABLE SOCIAL HOUSING
MORE AFFORDABLE SOCIAL HOUSING My former boss and mentor, former Vice President and former housing czar Jejomar "Jojo" C. Binay (JCB) once told me in a meeting that housing is a financing problem, and not a technical problem. I recall that he gave an example, that in theory, anyone could buy a Mercedes-Benz, for as long as the car buyer can be given a long term payment plan. I also recall that he also gave the examples of long term house installment plans in Hong Kong and Singapore, wherein the children and grandchildren of the original home buyers could even take over or assume the balance of the housing loans of their parents and grandparents. In that sense, those could be called "trans-generational financing" (TGF) terms. I also recall that my other boss and mentor, the late Jose "Jolly" Conrado Benitez (also JCB) who was the housing czar at that time as the Deputy Minister of Human Settlements, told me that the housing units offered by the Ministry of ...