Compliance Alternatives: A Question of Legality

Sometime in 2011, we recommended three alternative modes of compliance with the Balanced Housing requirement under Section 18 of RA 7279. Congress adopted two of those recommendations when it enacted RA 10884 which amended RA 7279. These were (1) development of socialized housing condominiums, and (2) development of socialized housing projects via joint venture with […]

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 […]

Mass Housing as an Investment Priority

The Board of Investments (BOI) recently bared its proposed General Policies and Specific Guidelines to govern the 2013 Investment Priorities Plan (IPP) during a Public Hearing held last March 6. The Chamber of Real Estate & Builders’ Associations, Inc. (CREBA) commends the BOI for retaining mass housing as a priority sector in the 2013 IPP […]

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 […]

Socialized Condos in Urban Areas

The Housing and Land Use Regulatory Board (HLURB) is one of several agencies of government undertaking a revisiting of its policy through the reform of the implementing guidelines governing the modes of compliance to Section 18 of R.A. 7279 or the Urban Development Housing Act (UDHA). We, in the Chamber of Real Estate & Builders’ […]