DECLARING AN AMNESTY ON THE PAYMENT OF DELINQUENCY INTERESTS ON OVERDUE ACCOUNTS OF BENEFICIARIES/AWARDEES/ LESSEES OF CERTAIN RESIDENTIAL LOTS/ DWELLING UNITS IN DESIGNATED PRO…

WHEREAS, it is the declared national policy that slum
improvement and sites and services program is the primary strategy for dealing
with slums, squatter areas and other blighted communities in urban areas in
order to achieve affordable and replicable housing schemes for the urban
poor;

WHEREAS, the National Housing Authority, as the lead agency
of the Ministry of Human Settlements in the implementation of slum improvement
and sites and services program, has disposed either by sale with mortgage,
lease/ award or by other modes of disposition, residential lots/ dwelling units
to qualified marginal and low-income beneficiaries;

WHEREAS, these qualified beneficiaries have suffered
economic dislocation as a consequence of the prevailing recession;

WHEREAS, under a compassionate society, humanization of laws
through government intervention is necessary to alleviate the suffering of the
poor and allow them, a fair chance to stabilize their economic situations so
that they can eventually meet their financial obligations;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers vested in me by the Constitution of the
Philippines, do hereby order and decree:

SECTION 1. All delinquency interests clue and payable as of
April 30, 1984 by beneficiaries/awardees of purely residential lots/dwelling
units in designated projects by the National Housing Authority as may be
determined by its General Manager and approved by its Board of Directors, are
hereby condoned.

SEC. 2. Beneficiaries/awardees who are entitled to
condonation but have actually paid such delinquency interests on their
outstanding obligation as of April 30, 1984 shall be credited with such payment
on the balance of their principal accounts.

SEC. 3. All beneficiaries/awardees availing of this amnesty
on the payment of delinquency interest shall, within ninety (90) days from the
publication of the approved rules and regulations to implement this Decree,
settle their respective outstanding accounts or otherwise agree with the
National Housing Authority on the restructuring of such accounts to determine
the new schedule of amortization payments.

SEC. 4. Any beneficiary/awardee who fails to settle his
outstanding account or comes to an agreement with July 16, 1984 National Housing
Authority within the stipulated 90-day period shall not be entitled to the
amnesty prescribed by this Decree and can be summarily evicted from the
home-lot/dwelling’ unit occupied by him.

SEC. 5. The General Manager of the National Housing
Authority shall promulgate the rules and regulations to implement this Decree,
subject to the approval of the Board of Directors.

SEC. 6. This Decree shall take effect immediately.

Done in the City of Manila, this 6th day of May, in the year of Our Lord,
nineteen hundred eighty-four.

			(Sgd.) FERDINAND E. MARCOS President of the Philippines
	By the President:
	(Sgd.)JUAN C. TUVERA
		Presidential Executive Assistant