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Monday, January 18, 2010

UPEHCO and the Pag – IBIG Fund: Working for a Common Goal


Breeding the best, the brightest and…
The most socially committed Filipinos – that’s the kind UP President Emil Javier believes the state University should produce. With his seven-Point agenda, even his former detractors are taking notice.

UPEHCO and the Pag – IBIG Fund: Working for a Common Goal

It was a story of sheeer determination and perseverance manifested by these employees of the University of the Philippines (U.P). driven by the desire to own their own homes, they organized themselves into the UP Employees Housing cooperative, Inc.
(UPEHCO) and availed of a loan from the Pag-IBIG fund under thye group Land Acquisition and development Program or GLAD. Financial assistance from Pag-IBIG comes up to P37,887 million for the acquisition and development of an 8.18 hectare rawland at Banaba, brgy. San Luis, Antipolo, Rizal, and contruction of 314 housing units of the cooperative’s member.

The UPEHCO was organized to undertake, among others, the acquisition of the rawland in Antipolo and the development of the housing project for the benefit of it’s cooperative members composed of UP office personnel and faculty member.