MANILA - A 20-year housing strategy is in the works to address the need of Filipinos for shelter, which is expected to balloon to 22 million units by 2040, the Department of Human Settlements and Urban Development said Thursday.
Human Settlements Secretary Eduardo del Rosario said he has ordered the formation of a technical working group to prepare the housing plan.
"Napakalaki ng magiging housing gap kung hindi tayo gagawa ng istratehiya para mapalakas natin ang housing production," he said in a virtual press briefing.
(There will be a big housing gap if we will not plan a housing strategy to boost housing production.)
The 20-year strategy aims to address short-term, medium-term, and long term needs for shelter in the country, Del Rosario said.
From 2017 until the end of President Rodrigo Duterte's term, Del Rosario said the country needs about 6.5 million housing units and averages some 205,000 new units per year.
The technical working group has until October this year to come up with a housing strategy.