Republic of the Philippines

Office of the President

Housing and Urban Development Coordinating Council
HOUSING AND LAND USE REGULATORY BOARD

Memo."andum Circula." No. 02-

Series of 2014 (~Mal"ch)

TO ALL COMMISSIONERS/DIRECTORS/REGIONAL
DIRECTORS/UNIT HEAD/CONCERNED

FROM THE COMMISSIONER AND CHIEF EXECUTIVE OFFICER

SUBJECT HUDCC Resolution No.1, Series of 2013 entitled, Socialized

Housing Pdce Ceiling Adjustment

Attached is a copy of HUDCC Memorandum Circular No.1, Series of 2013 from

HUDCC Secretary General Cecilia S. Alba transmitting herewith the above subject
Resolution approved by the HUDC Council on 16 October 2013 and published in the
Philippine Star and Bandera on 03 December 2013 and which took effect on 18
December 2013.

Said Resolution adjusted the price ceiling for socialized housing from P400,000.00 to
P450,000.OO per unit.

For your guidance.

ANTONIO M. BERNARDO
("de /11(1 VIA

lll..URB Bldg. Kalayaan Avenue comer Mayaman Street, Diliman, Quezon City
www.hlurb.gov.ph
Memorandum Cit'cular No. 01.
Sel'ies of 2014 (.Q§ Mal'eh)

TO ALL COMMISSIONERS/DIRECTORS/REGIONAL
DIRECTORS/UNIT HEAD/CONCERNED

FROM THE COMMISSIONER AND CHIEF EXECUTIVE OFFICER

SUBJECT HUDCC Resolution No.1, Series of 2013 entitled, Socialized

Housing Price Ceiling Adjustment

Attached is a copy of HUDCC Memorandum Circular No.1, Series of 2013 from

HUDCC Secretary General Cecilia S. Alba transmitting herewith the above subject
Resolution approved by the HUDC Council on 16 October 2013 and published in the
Philippine Star and Bandera on 03 December 2013 and which took effect on 18
December 20 I 3.

Said Resolution adjusted the price ceiling for socialized housing from P400,OOO.00 to
P450,000.00 per unit.

For your guidance.

 Republic of the Philippines
Office of the President
HOUSING AND URBAN DEVELOPMENT COORDINATING COUNCIL

MEMORANDUM

FOR President, HGC

CEO and Commissioner, HLURB
President, NHMFC
General Manager, NHA
President, SHFC
Chief Executive Officer, HDMF

FROM Secretary General

SUBJECT MEMORANDUM CIRCULAR NO.1 SERIES OF 2014

DATE 27 February 2014

We are respectfully furnishing your office a copy of Memorandum

Circular No.1, Series of 2014 containing HUDCC Resolution No.1, Series of
2013, entitled Socialized Housing Price Ceiling Adjustment, which was
approved by the Housing and Urban Development Coordinating Council
(HUDC Council) on 16 October 2013 and published in the Philippine Star and
Bandera on 03 December 2013.

Please be informed that the said Resolution, which took effect on 18

December 2013, adjusted the price ceiling for, horizontal socialized housing
from P400,OOO.00 to P450,OOO.00 per unit.

For your information. Thank you.

CECIL~ ALBA tUif

9th & 15th Floor, Banco de Oro Plaza, Paseo de Roxas, City of Makati Tel. Nos 811·4116 to 17, 811·4167 to 68 , 811·4170 to 73. 811·4112 to 13, 811 ·4159, 811-4220, 811·4223, 811-4250
612·9229,817-8964,893-3700,812-0735,893-0749,817·6995
Fax Nos 811-4156 (Office of the Chairman) '611·4116 (AFG)
Website: http://www.hudcc gOY ph
"

~
!!I~i~ ~
Republic of the Philippines
Office of the President
HOUSING AND URBAN DEVELOPMENT COORDINATING COUNCIL

MEMORANDUM CIRCULAR NO. 01

Series of 2014

TO ALL CONCERNED

SUBJECT CIRCULARIZING THE FULL TEXT OF HUDC COUNCIL

RESOLUTION NO.1, SERIES OF 2013

DATE 19 February 2014

For the information and guidance of all concerned, quoted hereunder is

the full text of HUDCC Council Resolution NO.1, Series of 2013:

WHEREAS, the Constitution mandates the State to undertake, in

cooperation with the private sector, a continuing program of urban land
reform and housing which will make available at affordable cost, decent
housing and basic services to under privileged and homeless citizens in
urban centers and resettlement areas;

WHEREAS, Section 15 (b) of Republic Act No. 8763, known as

the Home Guaranty Act of 2000, states that the respective ceilings for
socialized, low-cost, medium-cost, and open housing shall be jOintly
determined by the Housing and Urban Development Coordinating
Council (HUDCC) and the National Economic and Development Authority
(NEDA); provided that at any time, but not more often than once every
two (2) years, such ceilings may be reviewed or revised to conform to
prevailing economic conditions;

WHEREAS, the HUDCC approved the last price ceiling adjustment

for socialized housing on 11 December 2008 through HUDCC Resolution
no. 1, series of 2008, increasing the Low Cost Level 1-A socialized
housing loan ceiling from Php300,000 to Php400,OOO;

WHEREAS, in view of the prevailing price of raw land, horizontal

development and government figures on reSidential construction, the
private sector proposed to adjust the socialized housing price ceiling
from P400,OOO to P450,OOO, representing an increase of 12.5%;

9th & 151h Floor Banco de Oro Plaza, Paseo de Roxas, City 01 Makati Tel. Nos. 611-4116 to 17, 611-4167 1066,611-4170 to 73, 611-4112 to 13, 611-4159, 611-4220, 611-4223, 611-4250
, 812_9229,817_8964,693_3700,812_0735,693_0749,817_6995
Fax. Nos. 611-4156 (Office allhe Chairman) ·611-4116 (AFG)
Websile: http://www.hudcc.gov.ph
· .

WHEREAS, based on the data from National Statistics Office

( NSO), the Construction Materials Wholesale Price Index and the
Consumer Price Index grew by 18.3% and 16.71%, respectively,
from December 2008 to January 2013, both of which are higher
than the percentage increase of the proposed adjustment;

WHEREAS, based on the evaluation of the proposed

adjustment, both HUDCC and NEDA recommended the adjustment
in the price ceiling of socialized housing;

THEREFORE, BE IT RESOLVED, AS IT IS HEREBY

RESOLVED, that the price ceiling for horizontal socialized housing
be adjusted from P400,000.00 to P450,000.00.

BE IT RESOLVED FURTHER, that this adjustment shall be

effective fifteen (15) days after publication of this resolution in a
newspaper of general circulation.

APPROVED this 16th day of October 2013, at Pasay City,

Philippines.

The foregoing resolution took effect on December 18, 2013 after

having satisfied the publication requirement found therein.

Concerned officials, employees and stakeholders are hereby enjoined

to give this Circular as wide a publicity as possible.

For the guidance of all concerned.

LA
lEJ~R c. BINAY
Chairman ~
 Republic of the Philippines
Office of the President
HOUSING AND URBAN DEVELOPMENT COORDINATING COUNCIL

HUDCC RESOLUTION NO.1

Series of 2013

SOCIALIZED HOUSING PRICE CEILING ADJUSTMENT

WHEREAS, the Constitution manaates the State to undertake, in

cooperation with the private sector, a continuing program of urban land
reform and housing which will make available at affordable cost, decent
housing and basic services to under privileged and homeless citizens in
urban centers and resettlement areas;

WHEREAS, Section 15 (b) of Republic Act No. 8763, known as the

Home Guaranty Act of 2000, states that the respective ceilings for
socialized, low-cost, medium-cost, and open housing shall be jOintly
determined by the Housing and Urban Development Coordinating Council
(HUDCC) and the National Economic and Development Authority (NEDA);
provided that at any time, but not more often than once every two (2)
years, such ceilings may be reviewed or revised to conform to prevaiHng
economic conditions;

WHEREAS, the HUDCC approved the last price ceiling adjustment for
socialized housing on 11 December 2008 through HUDCC Resolution no. 1,
series of 2008, increasing the Low Cost Level i-A socialized housing loan
ceiling from Php300,000 to Php400,000;

WHEREAS, in view of the prevailing price of raw land, horizontal

development and government figures on residential construction, the private
sector proposed to adjust the socialized housing price ceiling from P400,OOO
to P450,000, representing an increase of 12.5%;

WHEREAS, based on the data from National Statistics Office (NSO),

the Construction Materials Wholesale Price Index and the Consumer Price
Index grew by 18.3% and 16.7.1%, respectively, from December 2008 to
January 2013, both of which are higher than the percentage increase of the
proposed adjustment;

WHEREAS, based on the evaluation of the proposed adjustment, both

HUDCC and NEDA recommended the adjustment in the price ceiling of
socialized housing;

l THEREFORE, BE IT' RESOLVED, AS IT IS HEREBY RESOLVED, that

the price ceiling for horizontal socialized housing be adjusted from
P400,OOO.OO to P450,OOO.00.

9th & 15th Floor, Banco de Oro Plaza, Paseo de Roxas, City of Makati Tel. Nos 811-4116 to 17,811-4167 to 68,811-4170 to 73,811-4112 to 13, 811-4159, 811-4220 , 811-4223, 811-4250
812-9229,817-8964,893-3700, 812-0735,893-0749,817-6995
Fax Nos 811-4158 (Office of the Chairman) ·811-4118 (AFG)
Website: http://www.hudcc.gov.ph
·,

BE IT RESOLVED FURTHER, that this adjustment shall be effective

fifteen (15) days after publication of this resolution in a newspaper of
general Circulation.

APPROVED this 16th day of October 2013, at Pasay City, Philippines.

PRES./:~OMAR
V
VICE C. BINAY
Chairman ~
Housing and Urban Development Coordinating co~:~

~ '\~\1
DR. FEU1(B RTO U. USTOS, JR. ATTY. M EL R. SANCHEZ
/?' President Pr '~dent
NationaliHome Mortgage Finance Corporation Home Guara ~\ Corporation

~.--
ATTY. ANTONIO M. BERNARDO
(absent)
CHITO M. CRUZ
Commissioner and Chief Executive Officer General Manager
Housing and Land Use Regulatory Board National Housing Authority

~~
A. ANA R. OUVEROS ATTY. DARLENE MAR,IE B. BERBERABE
President, Chief Executive Officer,
ocial Housing Finance Corporation Home Development Mutual Fund

l
\ .
.;

(absent)
CESAR V. PURISIMA
Secretary Un ersecretary
Department of Finance Department pf Public Works and
lNighways
Representing Sec. Rogelio L. Singson

(absent)
FLORENCIO B. ABAD
Secretary
f.t~~s Director
Department of Budget and Management National Economic and
Development Authority
Representing
Dir. Gen. Arsenio M. Balisacan

~~~
MARIE ADA 'ANGELIQUE DE SILVA
Vice President Department Manager II
Government Service Insurance System Social Security System
Representing Representing
President and General Manager President and CEO
Robert G. Vergara Emilio S. De Quiros, lr.

~~--~~­
ERNESTO R. PURUGGAR
Senior Assistant Vice President
G~~ '~ o~~
Privi~~= RP.presentative
Development Bank of the Philippines
Representing
President and CEO
Gil A. Buenaventura

..
Private Se