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Senator Alan Peter Cayetano raised alarm over the use of “sovereign guarantee” for the government’s housing projects which was earlier approved by President Ferdinand Marcos Jr., specifically as a funding mechanism for the Pambansang Pabahay para sa Pilipino Housing program.
With the President’s approval, the government will back the financial obligations of the 4PH program, potentially helping secure funding from international or private sources by reducing the risk for lenders. Cayetano called on the Development Budget Coordination Committee to thoroughly assess the funding mechanisms for housing projects due to concerns about using a sovereign guarantee for this initiative.“We all want quality housing. We all want to fix that. But economics has to work,” he noted.
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