MANILA, Jan. 31 -- President Ferdinand R. Marcos Jr. on Tuesday bared that he is eyeing a PHP1 billion housing subsidy fund for the recipients of the government's low-cost housing units.

Marcos made the pronouncement during the groundbreaking ceremony of the housing project under the Pambansang Pabahay Para sa Pilipino Housing (4PH) Program and walkthrough of the Batasan Development Renewal Plan at the Batasan Tricycle Operators and Drivers' Association (BaTODA) Terminal in Batasan Hills, Quezon City.

He said he and Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Rizalino Acuzar are studying the creation of the subsidy fund to help beneficiaries who could not afford the monthly amortization of the housing un...