•

I~
~epublic of the Philip].
Office of the President
Housing and Urban Development Coordinating Council
HOUSING AND LAND USE REGULATORY BOARD

BOARD RESOLUTION NO. 816

Series of 2008

APPROVING THE AMENDMENT ON THE PARTICIPATION OF DEVELOPER

IN COMMUNITY MORTGAGE PROGRAM (CMP) AS A MODE OF
COMPLIANCE TO SECTION 18 OF RA 7279

WHEREAS, Section 18 of RA 7279 requires the developers of proposed

subdivision projects to develop an area for socialized housing equivalent to at least
twenty percent (20%) of the total subdivision area or total subdivision project cost, at the
option of the developer;

WHEREAS, the existing policy on the participation of developer in CMP projects

is qualified either as a financieror as a developy of such project;

WHEREAS, further review of the law does not qualify the participation of
developer in CMP as only limited to that of financier or developer;

WHEREFORE, RESOLVED AS IT IS HEREBY RESOLVED, to adopt the literal

interpretation of the term "Participation of developer in community mortgage program" to
mean any form of participation in CMP projects equivalent to 20% of the total project
cost, not limited to that of financier and developer, be APPROVED.

BE IT RESOLVED FURTHER AS IT IS HEREBY FURTHER RESOLVED, that

THE DOCUMENTATION AND VERIFICATION SHEETS FOR CERTIFICATE OF
REGISTRATION AND LICENSE TO SELL AND SITE INSPECTION REPORT FORM
FOR MONITORING BE REVISED ACCORDINGLY AND THAT SECTION 3. MODE OF
COMPLIANCE OF RESOLUTION 575, S. OF 1995 be AMENDED and APPROVED
to read as follows:

"Section 3. Mode of Compliance.

(a) For main subdivision projects which are limited to the sale of lots only;

xxx
(b) For main subdivision projects which consist of the sale of house and lot
packages:

xxx

HLURB Bldg., Kalayaan Avenue comer Mayaman Street, Diliman, Quezon City
(Page 2 of Board Res. 816 S> of 2008, Approving The Amendment On The
J

Participation Of Developer In Community Mortgage Program (CMP) As A Mode Of

Compliance To Section 18 Of RA 7279)

(c) The socialized housing project equivalent to twenty percent (20%) of total
subdivision project cost may also be complied with in any of the following manner
feasible in any city or municipality :

xxx
(3) PARTICIPATION IN THE COMMUNITY MORTGAGE PROGRAM

a. financier
b. developer
c. LANDOWNER

APPROVED this _ _

..

hairman

ROMULO Q. FABUL
Chief Execaflve- er and
Commissioner

TER~TO
Commissioner

JESUS P PANG
Commi sioner

J~B
D~~iJ'"'v,",
ARTUR~-DUBLADO
Commissioner
' .,-
;" ,

.
~,
I

_ - - - - - - - - - - -- - - - - - - - -- - ---. SUNDAY. FEBRUARY 17,2008

Republic u t the Philippines
Office of the Pr esident
, H o us in g and Urban De v- !- I' m en t Coordinatin g Co u n cil
HOU SING AND LAND USE REGULATOI,Y BOARD
Board Resolution No. 816
Series of 2008
APPROVING THE AMENDMENT ON THE PARTICIPATION OF
DEVELOPER IN COMMUNITY MORTGAGE PROGRAM (CMP)
AS A MODE OF COMPLIANCE TO SECTION 18 OF RA 7279
WHEREA S, Section 18 .of RA 7279 requ ires the developers of proposed
subdivision pro jects to develop an area fo r socia lized houslnq equivalent to at least
twenty percent (20~1o) of the tot at subdivision area or total subd ivision project cost ,
at the optio n of the developer;
WHEREAS, the existing policy on the participation of developer in CMP projects
is qualified either as a financ ier or as developer of such project;
WHEREAS, further review of the Jaw does not qualify the participation of
developer in CMP as only limited to that of financier or developer;
WHEREFOR E, RESOLVED AS IT IS HEREBY RESOLVED , to adop t the literal
inte rpretation of Ii, term "Particip ation of developer in community mortgage
progra m" to mean any form of participation in CM P projects equivalent to 20% 01
the total project cost , notllmited to that of financ ier and developer , be APPROVED.
BE IT RESOLVED FURTHER AS IT IS HEREBY FURTHER RESOLVED. thai
THE DOCUMENTATION AND VERIFICATION SHEETS FOR CERTIFICATE OF
REGISTRATION AND LICENSE TO SELL AND SITE INSPECTION REPORT
FORM FOR MONITORING BE REVISED ACCORDINGLY AND THAT SECTION
3. MODE OF COMPLIANCE OF RESOLUTION 575, S. OF 1995 be AMENDED
and APPROVED to read as follows:
"Section 3. Mode of Compliance.
(a) For main subdivision projects which are limited to the sale of lots only;
XXX
(b) For main subdivision projects which consist of the sale of house and lot
packages;
XXX
(c) The socilized housing project equivalent to twenty percent (20%) of total
subd ivis ion project cost may also be complied with in any of the following manner
fea sible in any city or municipality;
XXX
(3) PARTICIPATION IN THE COMMUNITY MORTGAGE PROGRAM
a. financier
b. developer
c. LANDOWNER
APPROVED this 1I"' day of January 2008 .

~
C)r:.: C/
Vice~PresNl1nt
.-., ..... ..,.: . .
" .
ON. NO L. DE
0
TRO
e Philippines and ti'1t1r)CC
." .

~
11--
Chairman

AUG US 0 B.'SA~T~
Director eneral ,NEDA
/' _RO~~LO
Chief
~
Execu~
f and Commissioner

~ &flleCTlllary. DOJ

AUSTERE A. PANADERO
TERESITA A. DESIERTO
Commissioner

Unders ecr etary. DILG

ARTUR~LADO
Commissioner

t.\ tes led by:

CHA Hl t O . SANG
Brrd retary

(pOi· FN. 17. 2008)