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Housing Projects
Housing - Socio Economy PDF Print E-mail
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Housing
City of Pasay
cShec
dcommunities
eHousing Concerns
Danger Zones
bSocio Economy
iiProject Description
cArea Plans
ivcost
Repayment
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B. Socio-Economy

Employment rate is estimated at 58 percent of those who are able to and looking for work. The low level of employment is in great part attributed to the low educational attainment of those in the working age. Most of those in the working age (ages 15-64 years) stopped at high school at mid-stream or after high school graduation, respectively at 26 and 34 percent of the total working age population.

Although employability as a wage- or salary-earner can be considered low, the people make up for this by engaging in own-account employment (self-employment). This is shown by the type of occupations of most people of the area.

A working person is earning nearly PhP 5,000 per month. Some households make up for the low income of individual employed members by having as many of the household members in the working age find employment. On the average, about two members of the family/household are working, placing the total family/household income at more than PhP 7,000 per month.

Expenditure is generally higher than income. On the average, a family of five is spending about PhP 200 per month over the income generated by the employed members. This shortage is sometimes met by money transfers from family relatives and/or friends, but most often, shortage in family budget is filled in by borrowing, mainly from 5-6.

 

 

What this implies in terms of the housing program is to secure the lowest cost possible for the project. The people will be paying back in amortized terms the cost of land and building. And this will be an additional outflow to the already meager household financial resources.

To help address this concern, the SHEC is currently embarking on a livelihood program mainly for this purpose. The immediate aim of the livelihood program is to increase monthly household income by at least the amount of amortization for housing. Livelihood activities include job placements/referral and the development of micro-enterprises. This will be complemented by savings mobilization that will be directed mainly at generating the needed counterpart funds for project construction.

 

 

 
 


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