REVISED ECONOMIC HOUSING PRICE CEILING

DHSUD

Department of Human Settlements and Urban Development

DHSUD in Tagalog

Kagawaran ng Pananahanang Pantao at Pagpapaunlad ng Kalunsuran

Fill in the blanks: Section ___ of Republic Act No. _______ is also known as the Department of Human Settlements and Urban Development Act

Section 23 of R.A. No. 11201

NEDA

National Economic and Development Authority

Law that mandates that the price ceiling for economic housing shall be jointly determined by DHSUD and NEDA at any time but not more than once every two (2) years to conform to prevailing economic conditions.

Department of Human Settlements and Urban Development Act

HUDCC

Housing and Urban Development Coordinating Council

Fill in the blanks: Section ___ of Republic Act No. _______ is also known as "Home Guaranty Corporation Act of 2000”

Section 15 of Republic Act No. 8763

(Amount)

the prevailing price ceiling for economic housing set on June 8, 2015 under HUDCC Resolution No. 02, Series of 2015, pursuant to Section 15 of Republic Act No. 8763, or the "Home Guaranty Corporation Act of 2000"

1,700,000.00 PHP

(amount)

Price ceiling for economic housing that is:

- jointly determined by DHSUD and NEDA dated May 16, 2022

- conforms to the prevailing economic conditions.

- matches the rising costs being incurred by the developers in housing construction and development.

- accelerate housing production, promote competition, and thereby improve housing stock quality.

- its affordability for the intended middle-income earners as the target market is equally safeguarded in accordance with Batas Pambansa Blg. 220

2,500,000.00 PHP

(Date)

the economic housing price ceiling is hereby revised, determined and set at TWO MILLION AND FIVE HUNDRED THOUSAND PESOS (P2,500,000.000)

May 16, 2022

Secretary to sign REVISED ECONOMIC HOUSING PRICE CEILING Department Order No. 2022. 003 Series of 2022:

Eduardo D. Del Rosario

(Date)

Official Date of Publication/ Signing (of Secretary?) of Revised Economic Housing Price Ceiling

June 3, 2022

Fill in the blanks: REVISED ECONOMIC HOUSING PRICE CEILING Department Order No. _ _ _ _. _ _ _ Series of _ _ _ _

Department Order No. 2022. 003 Series of 2022