Cebu Landmasters, Inc. (CLI) is giving a P115 million condominium to Cebu City in order to provide in-city housing for informal settlers in Barangay Lorega-San Miguel in Cebu City.
“CLI’s objective of bridging the VisMin (Visayas-Mindanao) housing gap includes well-planned projects for the marginalized,” Cebu Landmasters President and CEO Jose R. Soberano III said in a statement on Friday.
The business said that it has reached a deal with the local municipal government for the construction, which would be the VisMin region’s first and tallest government-owned social housing project.
It was developed in cooperation with the Human Settlements and Urban Development Department.
Mr. Soberano was joined by Cebu City Vice Mayor Michael L. Rama and Housing Secretary Eduardo D. del Rosario in breaking ground for the project on Friday.
The five-story medium-rise tenement dwelling project will be built on a 1,350 square meter (sq.m.) site. It is considered to be accessible to job possibilities due to its proximity to the city’s commercial districts.
“Beneficiaries will be chosen in accordance with the city’s Local Shelter Ordinance by the Department of Welfare for the Urban Poor and Local Housing Board,” CLI said.
The social housing condominium will have 100 apartments with a gross floor space of 25 square meters each. Balconies will be equipped with sun barriers and plants.
The project will feature open spaces, parking lots, a church, and a multi-purpose training facility. Cebu Landmasters has said that it would install ramps to accommodate disabled individuals and elderly people.
Meanwhile, the project’s communal spaces will be powered by solar panels and will have a sewage treatment facility for managing liquid waste.