A total of 1,518 families in Barangay Payatas in Quezon City will finally own the land on which they have lived on for 40 years.
According to a city government statement, Mayor Joy Belmonte fulfilled a promise she had made to the residents of Ramawil 9.6 Homeowners Association Inc. two years ago.
Over the weekend, Belmonte signed the deed of conditional sale formally acquiring the 157 parcels of land previously owned by Landbank.
Ramawil 9.6 Homeowners Association Inc. President Razul Janoras thanked the city government for giving them the opportunity to have security of tenure over the land they have lived on for four decades.
City Administrator Michael Alimurung, the Head of the Housing Community Development and Resettlement Department, and the City Appraisal Committee were able to convince Landbank to settle the amount of the property at P209,244,000.
Following the acquisition by the city government, beneficiaries will then pay the LGU for the land they are occupying through a direct sale program at P3,000 per square meter. — DVM, GMA News
Read more, click here: GMA News
7 Easy Ways To Make Extra Money At Home