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Balanced housing: more affordable homes in urban areas

As a major output of the National Housing and Urban Development Summit which culminated in April of this year, the Housing Committees in both chambers of Congress spearheaded the formulation of a unified glossary of housing terminologies to finally address ambiguous or at times, conflicting definition of terms related to housing and erase the confusion …

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Affordable Homes for Employees in Urban Areas

SECOND in CREBA’s “Five-point Agenda for Housing” is the proposed bill amending Republic Act 7279 or the Urban Development and Housing Act (UDHA) of 1992, to address the need of urban workers for affordable homes easily accessible to the place of work.  Section 18 of UDHA, which sets forth the balanced housing program, mandates developers …

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HLURB relaxes socialized housing rules

Last July 18, the Housing and Land Use Regulatory Board (HLURB) issued Memorandum Circular No. 07-A which amends, among others particular sections of Memorandum Circular No. 06 released earlier this year. The memo sets the requirement for developers of socialized housing projects who wish to be accredited so that they can enter into joint ventures …

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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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Tax Incentives for Socialized Housing

Section 20 of Republic Act 7279 or the Urban Development and Housing Act, provides tax incentives to private developers and government agencies engaged in the development of socialized housing projects.  This includes the exemption from the payment of project-related income taxes, capital gains tax on raw lands used for the project, VAT for the project …

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