Housing Flashcards
Act to provide for a comprehensive and continuing urban development and housing program, establish the mechanism for its implementation and for other purposes
Urban Development & Housing Act of 1992 (RA 7279)
Most reasonable price of land and shelter based on the needs and financial capability of program beneficiaries and appropriate financing schemes
Affordable Cost
Areas where the structures are dilapidated, obsolete and unsanitary, tending to depreciate the value of land
Blighted Lands
Non agricultural lands urban and urbanized areas on which no improvements
Idle Lands
Upgrading and rehabilitation of blighted slum urban areas with a view of minimizing displacement of dwellers in said areas
On site development
Upgrading and improving blighted squatter areas outside of Metro Manila
Slum Improvement and Resettlement Program
Upgrading and improving blighted areas within the cities and municipalities of Metro Manila
Zonal Improvement Program
Acquisition of lots of varying ownership through purchase or expropriation of the purpose of planned and rational development
Land Assembly or Consolidation
Acquisition of land at values based on existing use in advance of actual need to promote planned development and socialized housing programs
Land Banking
Exchanging of land for another piece of land of equal value or for shares of stock
Land Swapping
Lands which are not registered with the RD or with the city or municipal assessor’s office
Unregistered or abandoned lands
Period of time in prior to be unregistered land
3 consecutive years
Population density at least 500 persons per square kilometers
Urban Areas
Great potential of becoming urban areas within the period of 5 years
Urbanizable Areas
Individuals or families whose income or combined household income falls within the poverty threshold and who do not own housing facilities
Underprivileged and Homeless Citizens
Individuals or groups who occupy lands without the express consent of the land owner and who have sufficient income for legitimate housing
Professional Squatter
Creation of Housing and Urban Development Coordinating Council
EO 90
Sole government agency engaged in direct shelter production to the lowest 30% of urban income earners
National Housing Authority
Sole regulatory body for housing and land development
Human Settlements Regulatory Commission (HLURB)
Major government home mortgage institution utilizing long term funds principally provided by SSS
National Home Mortgage Finance Corporation (NHMFC)
Assist private developers to undertake low and middle income mass housing production and encourage private institutional funds and commercial lenders to finance such housing development and long term mortgage
Home Financing Corporation
Administer provident fund contributions collected from member employees and employers, utilizing funds not required for provident benefits for housing loans
Home Development Mutual Fund
Primary provider of funds for long term housing mortgages for low and middle income private sector employees
Social Security System
Primary provider of funds for long term housing mortgages for low and middle income government employees
Government Service Insurance System
Creation of the NHA
PD 757 - July 31, 1975
Creation of National Home Mortgage Finance Corporation
PD167 - December 21, 1977
National Policy to promote innovative land development and land use control measures as a technology for building communities
Human Settlement Regulatory Commission (EO648)
The administration, custody, disposal and utilization of the Home Development Mutual Fund created under PD 1530
EO 527
Act of consolidating and amending RA 580, 1557, 5488, 7835 and EO 535 and 90 as they apply to Home Insurance and Guaranty Corporation
Home Guaranty Corporation Act of 2000 (RA 8763)
Act of strengthening the Home Development Mutual Fund otherwise known as PAGIBIG
HDMF Law of 2009 - RA 9679
An act establish, develop, promote and perfect a sound and viable tax exempt social security system suitable to the needs of people
Social Security Act of 1997 (RA8282)
Act providing for a comprehensive and integrated shelter and urban development financing program of the National Shelter Program
Comprehensive and Integrated Shelter Financing Act of 1994 (RA 7835)
Land acquisition and site development by the NHA to generate serviced home lots for families displaced from sites
Resettlement programs
Creation of the Social Housing Finance Corporation and directing the transfer of Community Mortgage Program, Abot Kaya Pabahay Fund Program and other social housing powers
Social Housing Finance Corporation (EO 272)
Aims to provide low income families in key urban areas affordable houses by financing site development/improvement and house/building construction
Abot-Kaya Pabahay Fund Developmental Loan Program
Aims to improve the living conditions of homeless and underprivileged citizens by providing them affordable financing
Community Mortgage Program
Amending the rules and standards for economic and socialized housing projects to implement BP 220
Board Resolution No. R. 700 S. 2001
Amending the rules and standards for the effective implementation of the Subdivision and Condominium Buyer’s Protective Law PD 957
Board Resolution No. R. 699 S. 2001
An act that regulate the sale of subdivision lots and condominiums and providing penalties for violations
PD 957
A tract or a parcel of land registered which is partitioned primarily for residential purposes into individual lot
Subdivision Project
Any of the lots, whether residential, commercial, industrial or recreational in a subdivision project
Subdivision Lot
Subdivision plan of a registered land wherein a street, passageway or open space is delineated on the plan
Complex Subdivision Plan
Building or group of buildings, in which units are owned individual, and the structures, common areas and facilities are owned by the owners on a proportional undivided basis
Condominium
Entire parcel of real property divided or to be divided in condominium, including all structures thereon
Condominium Project
Building or group of buildings used for office, businesses, professional services and other commercial enterprise
Commercial Condominium
A part of the condominium project intended for any type of independent use or ownership
Condominium Unit
Registered owner of the land subject of a subdivision or a condominium project
Owner
Person who develops or improves the subdivision project or condominium project
Developer
Any person directly engaged as principal in the business of buying, selling or exchanging real estate
Dealer
Any person who, for commission or other compensation, undertakes to sell or negotiate the sale of a real estate belonging to another
Broker
Employed by a broker to perform, for and in his behalf any or all the functions of a real estate broker
Salesman
Requiring the subdivision owners to provide roads, alleys, sidewalks and reserve open for parks or recreational use
Open Spaces (PD 1216)
An act further extending reforms in the regulation of rent of certain residential units
Rent Control Act of 2005 (RA 9341)
An act repealing Presidential Decree No. 772, entitled “Penalizing Squatting and other similar acts”
Anti-Squatting Law Repeal Act of 1997 (RA 8368)
Preparation and implementation of the comprehensive land use plans for local government units
Comprehensive Land Use Plan (E0 72)
Proclaiming Urban Land Reform in the Philippines
PD 1517
Price Ceiling of Socialized
400k and below
Price Ceiling of Low Cost 1
300k - 1.25 M
Price Ceiling of Low Cost 2
1.25 M - 2M
Price Ceiling of Medium Cost
2M- 4M
Price Ceiling of Open Market
4M and above
Housing project provided to average income families
Economic Housing
Housing project for marginal income families and homeless
Socialized Housing
Most reasonable price based on the needs and capabilities of beneficiaries
Affordable Cost
Building designed used as a residence for one or more families
Dwelling