8990 Holdings funds housing data body

By Leslie D. Venzon

MANILA, Aug. 31 (PNA) — Leading mass housing company 8990 Holdings, Inc. has earmarked Php1 million for the creation of a research center that aims to gather data and studies on the state of low-cost housing in the country.

The Organization of Socialized Housing Developers of the Philippines, Inc. (OSHDP), umbrella organization of companies that provide affordable housing in the country, established the center dubbed Center for Housing and Independent Research Synergies (CHAIRS).

“The research group will provide lasting benefits of value-added knowledge in the ever-changing market place of ideas that will be relevant today and for generations of builders to come,” said 8990 Holdings president and chief executive officer Januario Jesus Januario Atencio.

Atencio said industry players need all kinds of data to make the best decisions on basic housing demand and supply, market research, affordability analysis and statistics and analysis.

OSHDP President George Richard Siton said the housing body aims to ensure sustainability and support for housing from the government, private sector, financial institutions and the community beneficiaries as well. (PNA)