De Castro asks Congress to extend rent control law

Published by rudy Date posted on January 3, 2009

Vice President Noli de Castro asked Congress yesterday to extend the rent control law.

“Specifically, I endorse Senate Bill 2884 filed by Sen. Miguel Zubiri, which extends the rent control law for three years, effective Jan. 1, 2009 up to Dec. 31, 2011,” he said.

De Castro, Housing and Urban Development Coordinating Council chairman, said the Senate bill seeks to limit any increase in the monthly rent of P10,000 and below in Metro Manila and other urban areas, and P5,000 in other parts of the country to 10 percent annually.

“I understand Speaker Nograles himself will sponsor the version of this bill at the House of Representatives,” he said.

De Castro said the extension of the rent control law aims to protect low- and middle-income families renting houses.

“This is consistent with my view on the role of the government as protector of the interests of the vulnerable sectors,” he said. – Pia Lee-Brago, Philippine Star

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