President Ferdinand “Bongbong” Marcos Jr. on Thursday said his administration was planning to build one million low-cost homes yearly to address the country’s housing issues.

According to the president, the Philippines was lacking six million housing units.

“And that is why we have taken on a very aggressive housing program,” Marcos Jr. said in a meeting with Cambodian business leaders.

“We are aiming for one million homes, one million low-cost and socialized homes a year. It is an ambitious number but we will try very, very hard,” he said.

In September, the Department of Human Settlements and Urban Development launched the Pambansang Pabahay para sa Pilipino program, which aims to build one million housing units every year.

The program is expected to have built six million housing units by the end of Marcos Jr.’s term.

According to the Palace, Marcos Jr. is set to sign an executive order that will mandate government agencies to identify idle state lands suitable for housing and rural development. John Ezekiel J. Hirro