Housing Flashcards
(164 cards)
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