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Noel "Toti" M. Carino

President, CREBA Chairman of the Board, Sunasia Energy Inc.

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Housing the poor – market-driven vs. government-led

During the term of President Marcos Sr., the government assumed the dominant role in direct housing production for the under-served sectors. We recall some of his administration’s efforts in this regard: Creation of the National Housing Authority (NHA) under Presidential Decree (PD) 757 in 1975; Promulgating the first urban land reform law – PD 1517 …

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Mass-scale public housing as a centerpiece program

So much has been said about the need to reduce, if not eliminate, the country’s massive housing backlog in the shortest time possible. Yet, despite the unparalleled socio-economic benefits of housing as a centerpiece program, since the downfall of the Martial Law regime we still have to see an administration fully dedicate itself to this …

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Clarifying the VAT on Low-Income Housing

As we know, Republic Act No. 11354 or the CREATE Act, as passed by Congress, raised the VAT exemption threshold on low-income housing to P4.2 Million, from only P2 Million beginning January 1, 2021 under the Train Law. However, President Duterte vetoed this upward adjustment, thus effectively retaining the old threshold. Consequently, on April 08, …

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