Antipolo City, Rizal. The Government Service Insurance System (GSIS) President and General Manager Wick Veloso recently awarded land titles to five beneficiaries from various GSIS housing programs in Rizal under its Pabahay sa Bagong Bayaning Manggagawa (PBBM) program. The pension fund also awarded government agencies who supported its mandate of securing the future of government employees during a meeting with GSIS stakeholders in Antipolo.
“Our pabahay program features 12,335 foreclosed properties nationwide. It aims to help in addressing the country’s housing shortage, with over 2,000 applications approved as of February 2024. In Rizal alone, GSIS offers more than 1,000 residential properties across various locations,” the GSIS chief said.
Awarded land titles were beneficiaries of the Lease with Option to Buy (LWOB) in Bagong Nayon, Antipolo City (two beneficiaries); Amityville Subdivision, Montalban; and Modesta Village, San Mateo (two beneficiaries). LWOB is one of the pabahay projects of GSIS. Under LWOB, GSIS rents out its housing units to interested parties who will be given the priority to purchase it any time during the lease agreement. A total of 13,000 residential properties nationwide of GSIS are available for lease at present, 1,000 of which are located in Antipolo.
During the event, the GSIS also recognized government agencies in Rizal for supporting its programs. Among these are the Philippine Statistics Authority, Rizal and Provincial Government of Rizal for being the top two agencies in Rizal with the lowest past due rate in loan accounts. Additionally, the agency awarded the Local Water District of Teresa, Provincial Government of Rizal, DepEd Division of Rizal High School, and DepEd Division in Antipolo City High School for achieving the highest collection of compulsory premiums in the province.
On loans, GSIS cited Vicente Madrigal National High School and Angono National High School as the top agencies with the highest loan collection in Rizal. The DepEd Division of Rizal, Elementary and High School, City Government of Antipolo, University of Rizal System, Tanay Campus were recognized for having the highest number of employees granted Multi-Purpose Loan.
The GSIS also awarded two agencies for having the highest number of active members enrolled in the GSIS ecard, the San Mateo Municipal College and Municipal Government of Tanay.
