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    Ra 10884

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    jmr construction
    This document summarizes Republic Act No. 10884, also known as the Balanced Housing Program Amendments Act. The law aims to maximize socialized housing projects by strengthening the balanced housing requirement under Republic Act No. 7279. Key provisions include expanding the definition of socialized housing, requiring owners of subdivision and condominium projects to develop socialized housing areas, and establishing penalties for non-compliance. The law seeks to increase the stock of affordable housing available to underprivileged families.

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    Ra 10884

    Uploaded by

    jmr construction
    322 views13 pages
    This document summarizes Republic Act No. 10884, also known as the Balanced Housing Program Amendments Act. The law aims to maximize socialized housing projects by strengthening the balanced housing requirement under Republic Act No. 7279. Key provisions include expanding the definition of socialized housing, requiring owners of subdivision and condominium projects to develop socialized housing areas, and establishing penalties for non-compliance. The law seeks to increase the stock of affordable housing available to underprivileged families.

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    RA 10884

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    This document summarizes Republic Act No. 10884, also known as the Balanced Housing Program Amendments Act. The law aims to maximize socialized housing projects by strengthening the balanced housing requirement under Republic Act No. 7279. Key provisions include expanding the definition of socialized housing, requiring owners of subdivision and condominium projects to develop socialized housing areas, and establishing penalties for non-compliance. The law seeks to increase the stock of affordable housing available to underprivileged families.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    322 views13 pages

    Ra 10884

    Uploaded by

    jmr construction
    This document summarizes Republic Act No. 10884, also known as the Balanced Housing Program Amendments Act. The law aims to maximize socialized housing projects by strengthening the balanced housing requirement under Republic Act No. 7279. Key provisions include expanding the definition of socialized housing, requiring owners of subdivision and condominium projects to develop socialized housing areas, and establishing penalties for non-compliance. The law seeks to increase the stock of affordable housing available to underprivileged families.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 13

    “RA 10884: Balanced Housing

    Program Amendments Act”


    Lapsed into law on July 17, 2016
    Without the signature of the President, in
    accordance with Article VI, Section 27 (1) of the
    Constitution
    An Act Strengthening the Balanced Housing
    Development Program, amending for the
    Purpose Republic Act No. 7279, entitled “An Act
    to Provide for a Comprehensive and Continuing
    Urban Development and Housing Program,
    establish the mechanism for its implementation,
    and for other purposes”
    Objective:

    To maximize the implementation of socialized


    housing projects by making the purpose and
    parameters of the balanced housing requirement
    provided by RA 7279.
    Enactment of the law would help accelerate the
    provision of affordable decent housing for the ISFs,
    the underprivileged and the homeless Filipinos.
    To further increase the low-cost housing stock available to
    underprivileged families and homebuyers, Section 18 of
    Republic Act No. 7279 (Balanced Housing Development)
    was amended to include the residential condominium
    projects in complying with the balanced housing
    requirement.
    Key Provisions
    Amendment of Section 3 of Republic Act No. 7279,
    paragraph r, redefining “socialized housing” by
    including residential condominium units in the types of
    housing programs and projects undertaken by the
    government or the private sector for the
    underprivileged and homeless citizens
    Amendments to Section 18 of RA 7279 on Balanced
    Housing Development:

    1. Requiring owners and/or developers of proposed subdivision and


    condominium projects to develop an area for socialized housing
    2. Exempting owners and/or developers of proposed socialized
    subdivision and condominium projects from the said requirement
    3. Requiring that the area for socialized housing should be equivalent to:
    at least fifteen percent (15%) of the total subdivision area or
    subdivision project cost
    at least five percent (5%) of condominium area or project cost
    4. Complying with the balanced housing requirement in the following
    manner:
    a. Development of socialized housing in a new settlement
    b. Joint-venture projects for socialized housing with either the local
    government units or any of the housing agencies or with another
    private developer, or with NGOs engaged in the provision of
    socialized housing and duly accredited by the HLURB
    c. Participation in a new project under the community mortgage
    program.
    5. Indicating that no other form of compliance other than those listed
    may be prescribed except through the enactment of a subsequent
    law
    6. Mandating that no subdivision plan or condominium plan shall be
    approved by any LGU or government agency unless accompanied
    by a written undertaking made under oath by the owner and/or
    developer, setting forth in detail the manner in which compliance
    with Section 18 is proposed
    Mandating the HLURB to submit to Congress an Annual
    Compliance Report by the Owners and/or Developers
    Penalties
    A fine of not less than Five Hundred Thousand Pesos P500, 000 for
    the first offense
    Suspension of license to do business for a period of 3 to 6 months
    and a fine of not less than P500,000 for the second offense
    Cancellation of license to do business for the third offense shall be
    imposed for its violation.
    Section 20. Incentive for Private Sector Participating in
    Socialized Housing.
    To encourage greater private sector participation in
    socialized housing and further reduce the cost of housing
    units for the benefit of the under privileged and homeless.
    The balanced housing requirement should be
    accomplished within the same city or municipality,
    whenever feasible, and in accordance with the standards
    set by the Housing and Land Use Regulatory Board (HLURB)
    and other existing laws.
    Engr. ELEANOR BORJA-UBOAN, EnP., REC, REA, REB
    Director IV
    Department of Human Settlements and Urban Development
    Kalayaan Ave. cor. Mayaman St., Diliman, Quezon City
    Email address: euboan@yahoo.com.au
    CP Number: 09195343284
    FB Account: Eleanor Borja Uboan

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