Ramogapi said he was unhappy with the increased amounts, stating that he would immediately engage with stakeholders for a review. Several district councils on Friday issued public notices for revised loan amounts for Bonno scheme under D4 scale and below, or equivalent, by the Department of Housing. According to the notice, a one-bedroom house loan amount has been increased by P132,490.32 from P282,000 to P414,490.32,which is a whooping 32% increment.
According to a report elsewhere in this publication, various district councils announced that a one-bedroom home now costs over P130,000 more, a near-unthinkable 32% increase. This isn’t just a minor adjustment, but a devastating blow to the dream of affordable home ownership for ordinary citizens.What is most alarming is not just the scale of the increase, but the profound confusion it has exposed. Minister Ramogapi has publicly…
