STORIES OF THE DAY


HOUSE PASSES MEASURE SEEKING TO PROVIDE DECENT, AFFORDABLE HOMES



Voting 193-6 without abstention, a measure seeking to help address the estimated P3 - P4 million housing backlog in the country was passed on third and final reading on Tuesday by the House of Representatives.

House Bill 6775 that aims to provide Filipino families with decent and affordable homes would lead to the creation of Department of Human Settlements and Urban Development that shall strengthen the Housing and Urban Development Coordinating Council (HUDCC) and the Housing and Land Use Regulatory Board (HLURB).

Once enacted, the department shall exercise administrative supervision over the following agencies which shall remain to be attached for purposes of policy and program coordination, monitoring and evaluation: National Housing Authority (NHA); Home Guaranty Corporation (HGC); National Home Mortgage Finance Corporation (NHMFC); Home Development Mutual Fund (HDMF); and Social Housing Finance Corporation (SHFC).