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d. ACCESSIBILITY :
Access Road : Concrete Entrance Road, Corner Libunao St.( Brgy
Rizal) and Natividad St. (Brgy San Andres) Santiago
City leading to National Highway
Others : Santiago City Hall, Commercial Establishments’ of
Santiago City, Public Market, Various Banks,
Churches and Private and Public Hospitals, Colleges
and University, Public and Private Elementary &
High Schools, Hotels, Resorts, Hospitals and
Industrial and Commercial Establishments, various
gasoline stations, Police Stations, Radio Stations,
Malls, Central Terminal and, public and Private
Cemetery and etc.
e. HOUSE FEATURES:
General Specifications: Row house with loft, or as permitted by the
Building Official
IV - MARKET FEASIBILITY
The qualified beneficiaries of the project are those Landless, homeless, boarders, lessees gov’t and
private employees, businessman, self-employed and etc who qualify for CMP Loans, landless residents of
Santiago City and neighboring towns, informal settlers who are living in the blighted , private and
government lands and have a permanent source of income. Accordingly, the income bracket of the
beneficiaries shall be from Five Thousand (P8,000) to Six Thousand pesos (P15,000) to enable them to
amortized their loan with a maximum monthly amortization of THREE THOUSAND FIVE HUNDRED
PESOS & (P3,500.00) , that includes interest at 4% per annum and Mortgage Redemption Insurance
( MRI) for a maximum period of THIRTY ( 30) years.
Under the propose subdivision plan , there will be ONE HUNDRED FIFTY EIGHT (158)
generated saleable lots with a maximum lot area of NINETY TWO (92) SQUARE METERS and a
minimum lot area of FORTY TWO (42) SQUARE METERS and regular area is FORTY ( 48 )
SQUARE METERS
The beneficiaries shall comply with the existing Rules and Regulation implementing of the CMP
program. They shall be members of the Homeowners Association and legitimate occupants or they
should occupy permanent housing units in the project prior to take out.
IV FINANCE
The project will be finance thru a long term loan of the Homeowners Association to the SOCIAL
HOUSING FINANCE CORPORATION (SHFC) in a two trances; phase I shall be for the cost of land,
Phase II will be use for the land development and Phase III will be use for the construction of housing
units & other expenses.
Prepared by: