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price ceilings

Socialized housing: better pricing and loan terms combined

CREBA supported the passage of Republic Act 10884 or the amended balanced housing act in 2016 to make current housing laws work by ridding the Urban Development and Housing Act (Republic Act 7279 of 1992) of stumbling blocks to socialized housing production. Under R.A. 10884, the requirement for subdivision developers to develop socialized housing equivalent …

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Redefining Socialized Housing Ceilings

Republic Act 7279 or the Urban Development and Housing Act (UDHA) defines socialized housing as “housing programs and projects undertaken by the Government or the private sector for the underprivileged and homeless citizens which shall include sites and services development, long-term financing, liberalized terms on interest payments, and such other benefits”. On December 11, 2008, …

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