BAMBAN, Tarlac (Jan. 29, 2024) — The Bases Conversion and Development Authority (BCDA) is finalizing a deal with the Human Settlements and Urban Development (DHSUD) to build 10,000 houses under the Pambansang Pabahay Para sa Pilipino (4PH) program of the government.
The P10 billion project will be built on 100-hectare land in New Clark City in this municipality that will also include office spaces, industrial and tourism development, among others, to create new economic opportunities outside Metro Manila.
According to BCDA President and Chief Executive Officer Joshua Bingcang, they are working with Congress to make the land for the 4PH Program from a leasehold to a freehold arrangement. Under a freehold arrangement, the 4PH beneficiaries will own the land instead of only having the right to occupy the land for a given number of years.
For the entire Clark property, the BCDA is earmarking about 1,500 hectares for residential development.
“It’s like six times already of BGC (Bonifacio Global City). Of course, we want to balance the development. We want to create a compact neighborhood where there’s residential, there’s commercial. There’s the place of communities like church, school,” the BCDA chief said, adding that the residential development in Clark would be “socially inclusive” that “even minimum wage earners can afford,” Bingcang said recently.