“IT’S UNPRECEDENTED.”
So hailed Pag-IBIG Fund Chief Jaime Fabiana himself of Xevera housing project as “the number one factor in the 92 percent growth rate of the housing loan takeout of Pag-IBIG Fund in Northern and Central Luzon, the highest in the country.”
Fabiana’s laudation is but the latest in the string to adulations heaped on Xevera and its developer Globe Asiatique’s Delfin Lee – not the least of which was that coming from the United Nations – for crafting the template of urban development in the country and putting it into actualization.
Indeed, so taken was Pampanga 1st District Rep. Carmelo “Tarzan” Lazatin by the Xevera projects that he could only utter: “Give Delfin Lee the housing portfolio in this government and the country’s housing problem will be solved.”
“Saan ka pa makakakita ng subdivision na kumpleto? Mayroon nang simbahan, eskuwelahan, munisipyo, palengke at iba pa,” Fabiaña said to newsmen at the side of Tuesday’s Development Forum of the Pag-IBIG Fund Home Development Mutual Fund at the Holidayland function hall in the City of San Fernando.
Fabiana’s statements definitively demolished the acrimonious sentiments of some local developers toward Xevera and effectively defused what was said to be a planned “demolition” of Xevera at the forum.
This was most evident at heavily loaded questions thrown at Fabiana by media in an ambush interview after he delivered the opening remarks at the forum.
So why is Xevera being getting far easier access with Pag-IBIG, the processing of its papers fast tracked when those of other developers take forever?
Because Xevera is classified under Window 1 owing to its proven track record. Additionally, Xevera even exceeds the standard two-year buy-back program under the Window 1 classification with its five-year buy-back.
As to other developers, they had to content themselves with Window 2 where Pag-IBIG takes full responsibility of the loan and not the developer, with no buy-back option. This is the most common problem encountered by housing developers.
Fabiana was in effect telling developers: You want Pag-IBIG to treat you like Xevera? Be like Xevera. That is build total communities that are truly habitats of human dignity. Build a track record of excellence.
Delfin Lee so raised housing development hereabouts to a level that other developers could only look up to. And wail. Beyond their usual ken of build-the-gate-then-sell without even paving the dirt roads, these other developers could only gnash their teeth, eat their hearts out at Xevera’s success.
And find fault, rather than striving to rise to that level themselves.
So why is Vice President Noli de Castro, chair of the Housing and Urban Development Coordinating Council, favoring Xevera, Kabayan being always present in its affairs?
The vice president takes all housing development projects in the country – not only Xevera – as blessings for the people. Hence he makes it a point to be present as much as physically possible in all inaugurations or blessing of these developments.
There. Right there, I sensed politics rearing its ugly head. It’s not all about Xevera. It’s also about 2010. Sa Xevera ang hataw, kay Kabayan ang latay.
Yes, I remembered some faces at Tuesday’s forum being so conspicuously present – in signature orange shirts – at the political forum of presidential early bird Sen. Manny Villar at the Holy Angel University a couple of months back.
In-house politics, anyone?
So hailed Pag-IBIG Fund Chief Jaime Fabiana himself of Xevera housing project as “the number one factor in the 92 percent growth rate of the housing loan takeout of Pag-IBIG Fund in Northern and Central Luzon, the highest in the country.”
Fabiana’s laudation is but the latest in the string to adulations heaped on Xevera and its developer Globe Asiatique’s Delfin Lee – not the least of which was that coming from the United Nations – for crafting the template of urban development in the country and putting it into actualization.
Indeed, so taken was Pampanga 1st District Rep. Carmelo “Tarzan” Lazatin by the Xevera projects that he could only utter: “Give Delfin Lee the housing portfolio in this government and the country’s housing problem will be solved.”
“Saan ka pa makakakita ng subdivision na kumpleto? Mayroon nang simbahan, eskuwelahan, munisipyo, palengke at iba pa,” Fabiaña said to newsmen at the side of Tuesday’s Development Forum of the Pag-IBIG Fund Home Development Mutual Fund at the Holidayland function hall in the City of San Fernando.
Fabiana’s statements definitively demolished the acrimonious sentiments of some local developers toward Xevera and effectively defused what was said to be a planned “demolition” of Xevera at the forum.
This was most evident at heavily loaded questions thrown at Fabiana by media in an ambush interview after he delivered the opening remarks at the forum.
So why is Xevera being getting far easier access with Pag-IBIG, the processing of its papers fast tracked when those of other developers take forever?
Because Xevera is classified under Window 1 owing to its proven track record. Additionally, Xevera even exceeds the standard two-year buy-back program under the Window 1 classification with its five-year buy-back.
As to other developers, they had to content themselves with Window 2 where Pag-IBIG takes full responsibility of the loan and not the developer, with no buy-back option. This is the most common problem encountered by housing developers.
Fabiana was in effect telling developers: You want Pag-IBIG to treat you like Xevera? Be like Xevera. That is build total communities that are truly habitats of human dignity. Build a track record of excellence.
Delfin Lee so raised housing development hereabouts to a level that other developers could only look up to. And wail. Beyond their usual ken of build-the-gate-then-sell without even paving the dirt roads, these other developers could only gnash their teeth, eat their hearts out at Xevera’s success.
And find fault, rather than striving to rise to that level themselves.
So why is Vice President Noli de Castro, chair of the Housing and Urban Development Coordinating Council, favoring Xevera, Kabayan being always present in its affairs?
The vice president takes all housing development projects in the country – not only Xevera – as blessings for the people. Hence he makes it a point to be present as much as physically possible in all inaugurations or blessing of these developments.
There. Right there, I sensed politics rearing its ugly head. It’s not all about Xevera. It’s also about 2010. Sa Xevera ang hataw, kay Kabayan ang latay.
Yes, I remembered some faces at Tuesday’s forum being so conspicuously present – in signature orange shirts – at the political forum of presidential early bird Sen. Manny Villar at the Holy Angel University a couple of months back.
In-house politics, anyone?
