HIDILYN Diaz was formally awarded the title to a new house and lot from Deca Homes as part of her incentives for winning a historic silver medal in the Rio De Janeiro Olympics.
The incentive was finalized after a memorandum of agreement between the Philippine Sports Commission and Deca Homes’ holding company 8990 Holdings was formally signed on Wednesday.
The property worth P450,000 is located in Clark, with the location to be chosen by Diaz.
The MOA was signed by PSC chairman William ‘Butch’ Ramirez and 8990 Holdings president and chief executive officer JJ Atencio. Also present during the signing were Philippine Olympic Committee (POC) president Jose 'Peping' Cojuangco and Joey Romasanta, chief of mission of the Philippine delegation to the Rio Games.
“We believe that sports development is an important thing. I always remember my mom who said that, ‘I will give you all the support in sports because in sports, you are too busy to do drugs,’” said Atencio in a press conference on Tuesday at the PSC office.
Diaz thanked Deca Homes, saying their gesture will help boost the morale of other national athletes.
“Itong ginawa ninyo, pinapakita niyo na rine-recognize niyo ‘yung ginawa ko. Pinapa-inspire ninyo ‘yung ibang atleta na makamit din sila ng medal sa Olympics,” said Diaz.
Aside from the house and lot, Diaz got P5 million from the government by virtue of Republic Act 10699 or the Sports Benefits and Incentives Act for ending the country's 20-year medal drought in the quadrennial showpiece.
President Duterte later added another P2 million while Senator Manny Pacquiao threw in an unspecified amount. Members of Congress also pooled a cash reward amounting to P1.4M for the 26-year-old weightlifter from Zamboanga City.