QUEZON CITY – The housing department is set to deepen ties with the private sector through the signing of a Memorandum of Cooperation (MOC) with the Philippine Association of Real Estate Boards (PAREB).

Department of Human Settlements and Urban Development (DHSUD) Secretary Eduardo Del Rosario on Friday disclosed that the department is currently reviewing the MOC submitted by the PAREB.

“Today I have read the memorandum of cooperation and pretty soon we’ll be having an MOC signing ceremony with your organization (PAREB) so that we will have a formalized cooperation in all real estate undertakings,” Secretary Del Rosario said in his message during the PAREB’s 60th Anniversary.

“We appreciate this cooperation, this partnership because I have been saying that the department, the government cannot survive without full cooperation and support from the private sector. So, this Memorandum of Cooperation is very much welcome on the part of the Department of Human Settlements and Urban Development,” he added.

This is the second MOC that the PAREB will sign with the government. In 2018, PAREB signed a similar pact with the then-Housing and Urban Development Coordinating Council, which Secretary Del Rosario also chaired, prior to its merger with the Housing and Land Use Regulatory Board to form the DHSUD.

According to the housing czar, PAREB’s leadership approached the new housing department with the intention to renew and formalize the partnership.

A staunch advocate of working hand in hand with the private sector, Secretary Del Rosario believed that cooperation is a key in counteracting the challenges brought about by rising population, faster urbanization, limited supply of government land for residential use, adverse impact of climate change, limited annual appropriations for the housing sector, and currently, the pressing COVID-19 pandemic, which contributed to the country’s growing housing need expected to soar to 6.57 million by 2022. And the new pact would be one of the means to address the widening housing gap.

“The government can only do so much. We have to find comfort in recognizing that with the help of the private sector such as PAREB, the pooling of private and government resources, we can produce faster results,” Secretary Del Rosario said.

“More houses, more dreams for Filipino families will be realized. And consequently, better business for the housing sector where we all belong,” he said. -30-