Housing for public servants comes in trickles
Poor return on investments. That is, perhaps, the primary reason why the national government is reluctant to develop mass housing projects for the lowly soldiers. Worse is that some of the military generals may have been influenced by big developers not to push through with these projects considering the high costs involved in developing the area and constructing the housing units. What the Retirement Service and Benefits System (RSBS) did was to finance the construction of a cluster of condominium projects along C-5 Road in Taguig City, just a stone's throw away from the Libingan ng mga Bayani in Fort Bonifacio. But when the project was completed, ordinary soldiers could not move in despite the invitation to occupy the units because their basic salaries are barely enough to pay for the monthly installments, which are payable in 25-30 years. The catch was that the condo units are not really meant or designed for the pockets of the ordinary soldiers but for military officials from t...