Housing

Professor Randy David might be in for a big surprise if he makes good his threat to run for in the second congressional district of Pampanga, whether his opponent would be President Gloria Macapagal Arroyo or presidential son and incumbent Rep. Mikey Arroyo.

MANILA, Philippines – Around 1.55 million low-income Filipinos renting homes will get a reprieve from exorbitant rent hikes with President Arroyo’s signing into law of the new rent control law yesterday.

President Gloria Arroyo on Tuesday signed into law Republic Act 9653, otherwise known as the Rent Control Act of 2009, which authorizes a one-year moratorium on rent increases in residential units.

Metropolitan Manila Development Authority(MMDA) has started rehabilitation of the medium-rise tenement buildings in Vitas, Tondo, to decongest Metro Manila of informal settlers.

Private companies or employers have a chance to come clean and settle their obligations with the state-run Home Development Mutual Fund (Pag-Ibig).

The Housing and Urban Development Coordinating Council (HUDCC) and the Home Development Mutual Fund (Pag-IBIG Fund) announced Thursday that the Fund is offering penalty condonation to delinquent companies or employers.

MANILA, Philippines – Housing and Urban Development Coordinating Council Chairman Vice President Noli de Castro said the Philippines is looking to complete the housing backlog of close to 3.8 million, as more potential buyers have been flooding the mass housing market.

HOUSING and Urban Development Coordinating Council (HUDCC) Chairman Vice President Noli de Castro said the Philippines is looking to complete the housing backlog of close to 3.8 million, as more potential buyers have been flooding the mass housing market. Majority of the people looking for new houses or condos come from the business process outsourcing…

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CEBU, Philippines – Senate Majority Leader Juan Miguel Zubiri the other day lauded the Senate and the House of Representatives following their passage of the Home Development Mutual Fund Law of 2009, also known as the Pag-IBIG Fund.

MANILA, Philippines – The Senate has approved on third and final reading a bill seeking to provide rights and duties to homeowners and lay down guidelines on the operations of homeowners associations.

MANILA, Philippines – The House of Representatives has approved the bicameral conference committee report on the proposed new rent control law.

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The amended guidelines governing the construction of homes for average- and low-income families are now in place, Vice President Noli de Castro said yesterday.

Huling chance na para mag update ng inyong delinquent housing accounts Sa GSIS Housing Loan Restructuring and Condonation Program, pwede na ninyong i-restructure and inyong delinquent housing loan accounts at a fixed interest rate of only 8% per annum up to a maximum term of 30 years.*

MANILA, Philippines – A bill seeking to extend the Rent Control Law was passed in the House of Representatives on Tuesday night.

Members of the House of Representatives have approved a bill that would extend the Rent Control Law which expired on Dec. 31 last year for another four years even as it lowered the ceiling allowed for increases from 10 percent to only four percent per annum.

A disturbing trend in our society today is the increasing number of litigations. Records show that courts and government agencies vested with quasi-judicial functions are swamped with numerous civil, criminal, political, labor, administrative, and a potpourri of other cases arising from legal conflicts and clashes of rights.

MANILA, Philippines – Sales of publicly listed Filinvest Land Inc. to the expatriate Filipino community remain strong despite the global economic crisis, as FLI caters mainly to the mass housing market, its head said yesterday.

At least 100,000 families can save their homes from foreclosure under an amnesty program that will take effect on May 4, the National Housing Authority said yesterday.

State-run pension fund manager Government Service Insurance System has reduced the service fee imposed on applicants of housing loans under the Garantisadong Mababang Amortization na House En Lot Para Sa’yo, or GMA HeLPS.

Alan Codizar’s family noticed the smell after two months of staying in their house in Catalunan Grande, a village about 5 kilometers from Davao City’s downtown area.

THE family of Ramos-era Finance Secretary Ramon del Rosario Jr. has emerged from out of nowhere and with minimal advertising to become the country’s biggest condominium builder, eclipsing even the mid-range, heavily-marketed Megaworld or the pioneering low-cost condominium builder, Cityland.

Borrowers with delinquent loans from any government financing institution (GFI) or housing agency may now apply for loan restructuring and condonation under a new program that aims to save their homes from foreclosure, Vice President Noli de Castro, chairman of the Housing and Urban Development Coordinating Council (HUDCC), announced yesterday.

MANILA, Philippines – The leadership of the House of Representatives yesterday vowed to act swiftly on the bill extending the Rent Control Act once Congress resumes session next month.

TRANSIENTS are trooping to Bayani Fernando’s inn on Bonifacio Drive near Rizal Park in Manila each time they can’t make it home, and for a good reason: They pay only P25 to stay 10 hours and have an eight-minute shower—or P50 to stay 24 hours and have two eight-minute showers.

Vice President and concurrent Housing and Urban Development Coordinating Council (HUDCC) chairman Noli de Castro urged yesterday the Senate and Lower House to restore the provision in the Charter of the Home Development Mutual Fund (HDMF) or Pag-IBIG Fund that the shelter agency should “invest not less than 70 percent of its investible fund to…

Congress is looking at the possibility of setting up a regulatory body that will have jurisdiction over the rental housing sector to protect the rights of the renting public as well as lessors, Sen. Juan Miguel Zubiri said.

The Senate is mulling over the possibility of enacting a permanent rent control law, instead of merely extending the law by three years or more upon its expiration.

A new rent control law is needed to protect millions of house and apartment renters from the effects of the global financial crisis, Speaker Prospero Nograles said yesterday.