Skip to main content

Housing Programs in the Philippines

Key shelter agencies, in particular Pag-Ibig Fund, the National Housing Authority and the Social Housing Finance Corp., have committed to provide 1.5 million homes by 2016.

"This figure was not plucked out of thin air, but was reached after a careful review of targets, capabilities and resources," Vice President Jejomar Binay said in a speech at SHDA-HUDCC National Developers Convention held at the Dusit Thani Manila.

Binay said the target figure of houses to be built by 2016 did not include the units that would be built using funds from private banks, non-government organizations, local government units, and private developers.

The Vice President also assured developers that tax incentives are available for private companies engaged in socialized housing and said that this is guaranteed under section 20 of the Urban Development and Housing Act (UDHA).

"HUDCC is currently evaluating the issue of non-availment and will hold a dialog with the Bureau of Internal Revenue for a uniform application of such incentives," he said.

However, Binay appealed to the developers for their faithful compliance with the 20 percent balanced housing requirement under the UDHA. Section 18 of RA 7279 or the Urban Development and Housing Act of 1992 requires every developer of subdivision projects to develop an area for socialized housing equivalent to at least 20 percent of the total subdivision area within the same city or municipality. The developer can also opt to shell out 20 percent of the total subdivision project cost if he chooses.

Binay said members of HUDCC were in the process of amending the implementing guidelines of section 18 and emphasized that the UDHA was not there to make housing development difficult for developers.


Comments

Post a Comment

Popular posts from this blog

Buried Treasures in Bohol Philippines

Written by Joe Espiritu       Four persons died in a treasure hunting accident last week. They died for nothing. Many had lost their shirts in the venture, the propensity for Filipinos to get rich quick attribute to the treasure hunting mania. The sad part is that only the ignorant venture on the search, those in the know, being sure that nothing will come out of the effort would not think of investing money, time and effort – this time lives – in a fruitless enterprise.        There had been stories of people getting rich uncovering treasure troves in unlikely places. Most stories are false. Ancient graves of archeological and anthropological value had been desecrated by treasure hunters. They had found nothing. Those people may have struck it rich but not from some hidden riches. Contrary to what other people say, there are no buried treasures in Bohol . If there had been, they were unearthed years ago.         If one ...
Post a Comment
Read more

Panglao Island Environmental Problems

By Romy Teruel One environmental and tourism issue that will keep on cropping up unless decisive actions are done is the issue of easement along beaches as prescribed by the Water Code of the Philippines.  This has cropped up before and now it is here again.    The conference that Gov. Erico B. Aumentado held with the hotel and resort owners of Panglao and Dauis last Friday is an example of laws wanting in implementation. While the laws are clear and guidelines are prescribed, willing compliance has remained a problem.  The Water Code of the Philippines prescribes a 20-meter easement from the high water mark on the beach towards inland where no permanent structure can be constructed whatsoever.  We need not send experts however to know that compliance is more in the breach than observance.  This prompts observers to ask "What happened to Bohol's thrust on eco-tourism and environmental conservation and protection?"  And this is usually followed by "They are killing...
Post a Comment
Read more

Obama is the richest man in the world

I hold you to the words you are writing. You blamed Bush for the balanced budget disappearing. I don't know if you are capable of holding a memory that happen yesterday. You have forgotten that Bush was a war President, two wars in his term; Katrina & Rita, three major hurricanes that destroyed Florida and the gulf coast, Annual fires ravaging California that dependent on Bush to declare those as disaster areas too. Then the Democrats protest any move by the Republican to reform the Fannie Mae and Freddi Mac because of policy created by Democrats on home buyers that had no income. Greenlining was opposed by Democrats. Bush fought the good wars, maintained the economy until Obama and his handlers created a hoax about worst economy, and unemployment in 5%. People like you believed his lies, about high debts in $500 billion and worst unemployment and depression since 1932!   In less than a year Obama committed $3 trillion debts, before his term is over projected to $27 trillion, ...
Post a Comment
Read more