Question & AnswerQ&A (HLURB BOARD Resolution NO. 817 S. 2008)
The main purpose is to require developers of subdivision and condominium projects to submit an inventory of housing units actually constructed for the period 2005-2007 and to submit quarterly reports on the number of housing units constructed as a condition for issuance of Certificate of Registration and License to Sell.
It supports the One Million Homes Program, which aims to construct and deliver a million housing units to middle and low income families in partnership with the private sector.
Developers of subdivision and condominium projects who have been issued a license to sell are required to submit the inventory and the quarterly reports.
Developers must submit an inventory for the period 2005 to 2007.
Developers must submit quarterly reports on the number of housing units actually constructed.
Failure to comply is a ground for suspension of the License to Sell.
The HLURB is the lead agency in housing regulation and monitoring sector and is tasked to conduct a study and implementation of a monitoring system to account for the private sector’s contribution to the government shelter program.
The submission of quarterly reports on the number of housing units actually constructed is required as a condition.
The Housing and Land Use Regulatory Board (HLURB) has the authority to suspend the License to Sell.