Excess Money to be Used to Buy More Land

Mayor Vicente ‘Dongkoy’ Y. Emano is contemplating on buying additional land for the city government in line with the city’s land banking program.

He declared that there is more than enough funds coming from the donations and aid from the national government for the construction of the 1,000 houses in Calaanan. The money left over after the construction of the permanent houses, he suggested, would be put to best use by buying more land for the poor.

In fact, the mayor revealed that there are already some parties who are interested to offer their land for sale to the city government. He however said that the city needs to deliberate on this prior to making any purchase.

The latest update so far puts the total at P68,409,317.82 received by the city from donations and P50M from the national government.