APPROVING THE AMENDMENT ON THE PARTICIPATION OF DEVELOPER IN COMMUNITY MORTGAGE PROGRAM (CMP) AS A MODE OF COMPLIANCE TO SECTION 18 OF RA 7279
subdivision projects to develop an area for socialized housing
equivalent to at least twenty percent (20%) of the total subdivision
area or total subdivision project cost, at the option of the developer;
WHEREAS, the existing policy on the participation of developer in CMP
projects is qualified either as a financier or as a developer of such
project;
WHEREAS, further review of the law does not qualify the
participation of developer in CMP as only limited to that of financier
or developer;
WHEREFORE, RESOLVED AS IT IS HEREBY RESOLVED, to adopt the literal
interpretation of the term “Participation of developer in community
mortgage program” to mean any form of participation in CMP projects
equivalent to 20% of the total project cost, not limited to that of
financier and developer, be APPROVED.
BE IT RESOLVED FURTHER AS IT IS HEREBY FURTHER RESOLVED, that THE
DOCUMENTATION AND VERIFICATION SHEETS FOR CERTIFICATE OF REGISTRATION AND LICENSE TO SELL AND SITE INSPECTION REPORT FORM FOR MONITORING BE REVISED ACCORDINGLY AND THAT SECTION 3. MODE OF COMPLIANCE
OF RESOLUTION 575, S. OF 1995 be AMENDED and APPROVED to read as
follows:
“Section 3. Mode of Compliance.
(a) For main subdivision projects which are limited to the sale of lots only;
XXX
(b) For main subdivision projects which consist of the sale of house and lot packages:
XXX
(c) The socialized housing project equivalent to twenty percent
(20%) of total subdivision project cost may also be complied with in any
of the following manner feasible in any city or municipality:XXX
(3) PARTICIPATION IN THE COMMUNITY MORTGAGE PROGRAM
a. financier
b. developer
c. LANDOWNER
Adopted: 17 Jan. 2008
|
(SGD). HON. NOLI L. DE CASTRO
Vice-President of the Philippines and HUDCC Chairman |
|
|
(SGD.) AUGUSTO B. SANTOS
Director General, NEDA |
(SGD.) ROMULO Q. FABUL
Chief Executive Officer and Commissioner |
|
(SGD.) ERNESTO L. PINEDA
Undersecretary, DOJ |
(SGD.) TERESITA A. DESIERTO
Commissioner |
|
(SGD.) JESUS YAP PANG
Commissioner |
(SGD.) JOEL I. JACOB
DPWH |
|
(SGD.) ARTURO M. DUBLADO
DPWH Commissioner |
|
|
Attested by:
|
|
|
(SGD.) CHARITO B. LANSANG
Board Secretary |
|