GSIS is launching a no-down-payment housing program for government workers to acquire any of its 12,000 properties across the archipelago.
“By eliminating the down payment requirement and offering a long-term installment plan, we are not just making home ownership more achievable for our members — we are providing an accessible and affordable housing program,” GSIS president and general manager Jose Arnulfo “Wick” Veloso said in a statement on Monday.
At a meeting in Laoag, GSIS announced a new no-down-payment housing program approved by the Board of Trustees, allowing current lessees to buy their homes on an installment basis. Further changes are being studied to improve the lease with option to buy program.
“This program is about recognizing that those who dedicate their lives to serving our nation deserve a real shot at the Filipino dream. No more impossible cash requirements. No more deferred dreams. Just a clear path to a place they can finally call their own,” Veloso said.
