Question & AnswerQ&A (HLURB Resolution NO. R-481)
The primary objective is to amend Resolution No. R-473, Series of 1990, by updating the minimum development standards for economic and socialized housing to align with the Unified Lending Program's loan ceilings, as prescribed by the Housing and Urban Development Coordinating Council (HUDCC).
The resolution references Section 3 of Batas Pambansa Blg. 220 and Section 5 (e) of Executive Order No. 90, Series of 1986 as the legal basis for adjusting price ceilings.
The adjusted price ceilings are as follows: Model A Project - P375,000.00, Model B Project - P240,000.00, Model C Project - P150,000.00, and Model D Project - P80,000.00.
No, the resolution explicitly states that it shall not affect existing contracts in any way.
The Housing and Land Use Regulatory Board (HLURB), through its Board and in coordination with the Housing and Urban Development Coordinating Council (HUDCC), exercises this authority.
The revised price ceilings are consistent with the Unified Home Lending Program of the Housing and Urban Development Coordinating Council (HUDCC).
The resolution took effect immediately upon its adoption on March 20, 1991.
The resolution was signed by Teodoro K. Katigbak (Chairman, HUDCC), Silvestre M. Bello III (Undersecretary, DOJ), Ernesto C. Mendiola (Commissioner and CEO), Rolleo L. Ignacio (Undersecretary, DLG), Cesar O. Marquez (Commissioner), Wilfredo G. Nuqui (Deputy Director-General, NEDA), Amado B. Deloria (Commissioner), Bienvenido E. Merelos (Asst. Secretary for Legal Service, DPWH), and Romulo Q. Fabul (Commissioner).
HLURB Resolution No. R-481 adjusts housing project price ceilings to align with the affordability levels and loan limits set by the Unified Lending Program under the HUDCC, ensuring consistency and feasibility in socialized and economic housing financing.
Batas Pambansa Blg. 220 serves as the foundational law governing the development and regulation of economic and socialized housing projects, and this resolution applies its provisions, specifically regarding price ceilings, in conformity with updated lending programs.