to: Ms. Dale Zapata
VP Noli cites
consistent gov’t strategy behind “housing boom”
President Noli “Kabayan” De Castro, chairman of the Housing and Urban Development
Coordinating Council (HUDCC)
said that consistent implementation of government’s housing strategy has led to
significant gains in the
housing sector which the real estate industry acknowledges.
the 10th National Convention and Exhibit of the National Real Estate Association,
Inc. (NREA) at the SM
Megamall, De Castro commended the organization’s optimistic choice of theme
for the event.
President said that the theme of the convention and exhibit, “Sustaining the
Real Estate Boom,” reflects
the current positive trend in the sector.
choose to call the state of Philippine housing today, I guess it is truly
important that we sustain the
gains that we have achieved over the years,” he said.
basic measures under the government’s housing strategy outlined by De Castro include
investment-friendly environment, keeping the housing agencies in order, addressing the needs
of the urban poor and the
decongestion of Metro Manila, and empowering local government units to
implement their own housing
has exempted the sale of housing units not exceeding P1.6 million pesos from
Value-Added Tax (VAT) to lower
the selling price of housing units.
It has also
raised the ceiling for socialized housing to encourage the participation of more
developers, and instituted
alternative compliance mechanisms “to make it easier for developers to comply with
the balanced housing
revealed that the key shelter agencies under HUDCC are implementing various measures
“to make us more effective in
carrying out our duties.” These
measures include organizational restructuring, streamlining, improving collection
efficiency, disposition of
non-performing assets and transparency.
He cited the
ongoing relocation of families living along the North Rail right-of-way as one
of the priority projects of
the housing sector to secure the
shelter tenure of informal settlers, and to pave the way for opening up new development focal
points in Central Luzon to
ease the congestion in Metro Manila.
He also said
that HUDCC is helping local government units implement their own housing
programs by supporting the
establishment of local housing boards in every city and municipality, and
pushing for greater
decentralization and devolution of functions related to housing and urban development.
our consistent implementation of these strategies enabled us to revitalize the
sector and to keep it healthy
and viable,” he stressed.
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