Pabahay ng Unyon
PABAHAY PARA SA KAWANI / DepED Village
(with free Health Insurance and Life Insurance coverages — at no extra cost!):
The Members and Employees Housing Project is one of several DepED-NEU CNA Banner Programs that can be implemented even before DepED-NEU signs a Collective Negotiation Agreement (CNA) with management.
This can be done through a direct partnership between DepED-NEU and Ayala Land, Inc. (ALI), which is considered the most trusted name in real estate/ housing development in the country today. Ayala Land provides a 15-year workmanship warranty, which means if the unit suffers damage, ALI will repair it for free within 15 years, and a 50-year flood-free guarantee.
Under a Memorandum of Agreement (MOA) between DepED-NEU and ALI, only affordable but decent and durable housing packages will be developed for DepED-NEU members and DepED employees within a price range of P650,000 to P1.8 million or are payable only from P5,000 to P8,000 per month over 30 years.
DepED-NEU members and DepED employees may choose from ALI’s existing and pipeline projects or recommend new sites that are closer and more convenient to their places of work.
The selected units will be subject to Mortgage Take-out by the Government Service Insurance System (GSIS) and the buyer-members/employees will amortize their units with GSIS up to a maximum of 30 years at a fixed interest rate of eight (8) percent per annum, diminishing balance (meaning the amount of amortization will go down over the payment period).
Because all housing projects include a Mortgage Redemption Insurance (MRI) coverage, which means the loan automatically gets paid in full if the principal borrower dies, ALI agreed to provide buyers from DepED-NEU with a P100,000 Health Insurance Coverage by Maxicare and a P500,000 Life Insurance Coverage by Ayala Life.
DepED-NEU buyers do not have to pay extra for the Health Insurance and Life Insurance Coverages because they are free. This means that DepED-NEU buyers may stop paying for any other kind of Health Insurance and Life Insurance coverage because these coverages come free when you avail of DEpED-NEU’s housing benefit program.
The existing and pipeline housing sites are in the following:
Calamba, Laguna (10 mins from SM Calamba)
Lipa City, Batangas
Antipolo City, Rizal
Pasay, Metro Manila
Balintawak, Quezon City
Cabanatuan, Nueva Ecija
Tarlac City, Tarlac
Naga City, Camarines Sur
Legazpi City, Albay
For inquiries, please call Atty. Domingo B. Alidon thru (02) 637-1241/ (0915) 302-5039 or Gerry Saudi (02) 546-8403/ (0907)548-4818.