HLURB Resolution No. R-481 (1991)

(NAR) VOL. II NO. 4 / OCTOBER - DECEMBER 1991

[ HLURB RESOLUTION NO. R-481, March 20, 1991 ]

AMENDING RES. NO. R473, S. OF 1990 OF THIS BOARD ADOPTING THE MINIMUM DEVELOPMENT STANDARDS FOR ECONOMIC AND SOCIALIZED HOUSING CONSISTENT WITH THE UNIFIED LENDING PROGRAM

WHEREAS, the Housing and Urban Development Coordinating Council has prescribed loan ceilings for its Unified Home Lending Program based on a study of affordability levels, and there is a perceived need to update the present price ceilings to make the same consistent herewith. RESOLVED, as it is hereby resolved that pursuant to Section 3 of Batas Pambansa Blg. 220, in relation to Section 5 (e) of Executive Order No. 90, Series of 1986, and the amended housing loan/interest rates package under the Unified Home Lending Program of the Housing and Urban Development Coordinating Council, the price ceiling for B.P. 220 housing projects are hereby adjusted as follows: Model A Project - P375,000.00 Model B Project - P240,000.00 Model C Project - P150,000.00 Model D Project - P80,000.00 provided that this resolution shall not in any way affect existing contracts. Wherefore, Resolution No. R-473, Series of 1990 of this Board is hereby accordingly amended. This resolution shall take effect immediately. Adopted: 20 Mar. 1991

(Sgd.) TEODORO K. KATIGBAK (Sgd.) SILVESTRE M. BELLO, III Chairman, HUDCC Undersecretary, DOJ and Ex-Officio Chairman Ex-Officio Commissioner

(Sgd.) ERNESTO C. MENDIOLA (Sgd.) ROLLEO L. IGNACIO Commissioner and Chief Undersecretary, DLG and Executive Officer Ex-Officio Commissioner

(Sgd.) CESAR O. MARQUEZ (Sgd.) WILFREDO G. NUQUI Commissioner Deputy Director-General, NEDA and Ex-Officio Commissioner(Sgd.) AMADO B. DELORIA (Sgd.) BIENVENIDO E. MERELOS Commissioner Asst. Secretary for Legal Service, DPWH and Ex-Officio Commissioner

(Sgd.) ROMULO Q. FABUL Commissioner