M3- PHILIPPINE PERSPECTIVE ON HOUSING

3.9 million

The housing backlog is _______ households.

Assuming that production of housing units

would average 200,000 units every year from

2012 to 2030, the backlog would still persist and

hit 6.5 million households by 2030.

Socialized housing segment

__________ is for

projects costing P450,000 or below

economic housing

while "_________" covers the

price range starting from P450,000 but

not exceeding P1. 7 million. (HLURB)

Chamber of Real Estate and

Builders' Associations

CREBA

Real Estate

Brokers Association of the Philippines, Inc.

REBAP

Philippine Association of Real Estate

Brokers

PAREB

National Real Estate

Association of the Philippines

NREA

Organization of Socialized Housing Developers of

the Philippines

OSHDP

IPP 2014-2016

[policies]

Economic and Low-Cost Housing (horizontal and

vertical) (based on a price ceiling of Php3.0

million and subject to geographical

considerations) is among the preferred activities

listed in the IPP . This covers the development of

economic and low-cost housing and the

manufacture of modular housing components.

Php450,000.00

[policies]

The selling price of each housing unit shall

be more than ___________ but not

exceeding Php3.0 million;

20

[policies]

Minimum of __ livable dwelling units in a

single site or building;

51%

[policies]

For vertical housing projects, at least ____ of the total floor area, excluding common facilities and parking areas, must be devoted to housing units.

Socialized housing requirement

[policies]

(SHR) by building socialized housing units in an area equivalent to at least 20% of the total registered project area or total BOI registered project cost for horizontal housing and 20% of the total floor area of qualified saleable housing units for vertical housing projects.

Social Housing Finance Corporation (SHFC)

[policies]

Created by virtue of Executive Order No. 272, series of 2004, the ______________ is a wholly-owned subsidiary of the National Home Mortgage Finance Corporation (NHMFC) mandated: (a) to undertake social housing programs that will cater to the formal and informal sectors in the low-income bracket; and

Community Mortgage Program

CMP

Abot-Kaya Pabahay Fund (AKPF) Program

amortization support program and development and financing program.

Pag-IBIG Affordable Housing Program

designed for minimum wage earners or whose gross monthly income does not exceed P17,500. Up to P750,000 may be borrowed under this program, with interest rates of 4.5% or 6.5% in the first ten years of the loan, depending on the gross monthly income of the borrower.

Home Mutual Development Fund

HMDF

Affordable Housing Program

AHP

housing industry technical working group

TWG

medium-rise buildings

MRBs

Reverse Trade Arrangement

The intention is to have preferential supply arrangements between the housing developers and construction materials manufacturers/associations (e.g. paints, iron & steel, PVC pipes).

Community Mortgage Program

aims to improve the living conditions of homeless and underprivileged Filipinos by providing them affordable financing with which they can secure tenure on the land they occupy.

Abot-Kaya Pabahay Fund Developmental Loan Program

aims to provide low income families with affordable housing packages in key Philippines urban areas and other localities with pronounced housing demand. The purpose of the DLP loan assistance is to serve as seed money for the development of property and construction of housing units thereon.

Bagong Lipunan Improvement of Sites and Services

HOUSING

- EXECUTIVE ORDER NO. 517 January 9, 1979

- ADOPTING THE BAGONG LIPUNAN SITES AND SERVICES PROGRAM AS A DEVELOPMENT STRATEGY

- "WHEREAS, the government has declared it a national policy to achieve an equitable distribution of socio economic opportunities in the country to, among others, curb the alarming migration rate."

Vitas Tenement Housing, Tondo

was built in Tondo, Manila, in the 1980s to resettle families displaced by the Port Authority's new container terminal. Ten of the project's 27 buildings were allocated for socialized housing while the rest were sold on the open market. The brand-new, engineer designed, pink-painted buildings were inaugurated in 1990, and marked a revival of NHA's medium-rise housing program.