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socialized housing

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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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 …

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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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Modes of compliance to address 3.6M housing backlog

We are commending Vice President Jejomar C. Binay for his calculated mandate as chairman of the Housing and Urban Development Coordinating Council (HUDCC), to implement effective measures that will address the 3.6-million housing backlog. Among his latest directives is for the key shelter agencies of government to move in the direction of building 250,000 units …

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