Chamber of Real Estate & Builders' Associations, Inc.

A Home for Every Filipino

Balanced Housing – New Compliance Mode

As an alternative mode of compliance, direct donations to LGUs would be a better replacement for the suspended Housing Escrow Fund mechanism – IF the Chamber’s recommended safeguards against misuse were to be incorporated in the proposed legislation.

Housing Escrow Fund – Cause for Serious Concern

The Housing Escrow Fund is a fund pool comprised of fund contributions by developers who opt to comply with the legally mandated balanced housing requirement via certain alternative modes of compliance. Under the law, a developer proposing to undertake a subdivision or condominium project is required to develop an area for socialized housing equivalent to […]