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What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
## New Housing Initiative in Davao
In a significant development for Davao City, seven families from the government's conditional cash transfer program, known as "4Ps," have been awarded their first condominium homes. This initiative is part of President Ferdinand Marcos Jr.'s expanded socialized housing program, 4PH, aimed at providing affordable housing to low-income families.
## Project Details
The housing project, located in Calinan's People’s Ville, spans over 14 hectares and features 72 five-story buildings with a total of 7,200 units. The development also includes two hectares of open spaces for parks and community areas, offering residents recreational options.
## Addressing Housing Shortages
This initiative is a response to the country's housing backlog, which exceeds 6 million units. The government, in collaboration with the Davao City administration, aims to construct up to 1 million housing units annually through public-private partnerships. The focus is on creating vertical housing communities near urban centers to make home ownership more accessible to vulnerable groups.
## Benefits for 4Ps Beneficiaries
The 4Ps program, the largest social protection scheme in the Philippines, provides cash assistance to impoverished families. The recent housing allocation marks a milestone for these families, who will pay affordable monthly amortizations to eventually own their homes.
## Future Prospects
While the initiative has been welcomed, housing advocates emphasize the need for long-term affordability and access to essential services in these new communities. The government is urged to ensure that these developments are sustainable and provide adequate support for residents.
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