Question & AnswerQ&A (PRESIDENTIAL DECREE NO. 1923)
The main purpose of Presidential Decree No. 1923 is to declare an amnesty on the payment of delinquency interests on overdue accounts of beneficiaries, awardees, or lessees of certain residential lots or dwelling units in designated projects of the National Housing Authority (NHA).
Qualified beneficiaries entitled to the amnesty are those who are beneficiaries or awardees of purely residential lots or dwelling units in designated projects of the National Housing Authority.
They must settle their respective outstanding accounts or agree with the National Housing Authority on the restructuring of such accounts to determine a new schedule of amortization payments within 90 days from the publication of the approved implementing rules and regulations.
Beneficiaries who have already paid such delinquency interests as of April 30, 1984 shall be credited with such payment on the balance of their principal accounts.
The beneficiary shall not be entitled to the amnesty prescribed by the Decree and may be summarily evicted from the home-lot or dwelling unit occupied by him.
The General Manager of the National Housing Authority, subject to approval by the Board of Directors, has the authority to determine the delinquency interests subject to the amnesty.
The declared national policy is that slum improvement and sites and services programs are the primary strategies for dealing with slums, squatter areas, and other blighted communities to achieve affordable and replicable housing schemes for the urban poor.
It was deemed necessary due to the economic dislocation suffered by qualified beneficiaries as a consequence of the prevailing recession, and to humanize laws through government intervention to alleviate the suffering of the poor and give them a chance to stabilize their economic situations.
The General Manager of the National Housing Authority is responsible for promulgating the rules and regulations, subject to the approval of the Board of Directors.
The Decree took effect immediately upon its signing on May 6, 1984.