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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 143 - DIRECTING
THE HOUSING AND URBAN DEVELOPMENT COORDINATING COUNCIL TO OVERSEE THE
IMPLEMENTATION OF A LOCAL GOVERNMENT PABAHAY PROGRAM, AND DEFINING THE
RESPONSIBILITIES OF CERTAIN AGENCIES WHICH WILL BE INVOLVED THEREIN
WHEREAS, Sec. 39 of Republic Act
No. 7279, otherwise known as the “Urban Development and Housing Act”,
mandates local government units (LGUs) with the implementation of said
Act in their respective localities in coordination with the Housing and
Urban Development Coordinating Council (HUDCC) and other concerned
government agencies;
WHEREAS, the provisions of Title IV, Book II of Republic Act No. 7160,
otherwise known as the “Local Government Code of 1991”, authorize LGUs
to contract indebtedness, avail of credit facilities or issue bonds,
debentures or other forms of projects in their respective localities;
WHEREAS, the Home Development Mutual Fund (HDMF) has established a
special development loan window with an initial allocation of P1.0
Billion for direct lending to LGUs for their socialized housing
projects;
WHEREAS, the Home Insurance and Guaranty Corporation (HIGC) has
established its own program, corollary to that of HDMF’s, known as the
“Municipal Pabahay Guaranty Program”, whereby the HIGC shall guarantee
the bonds, securities or other forms of obligations which shall be
floated or issued by LGUs;
WHEREAS, the National Home Mortgage Finance Corporation (NHMFC) is the
government housing agency tasked to develop a viable secondary mortgage
system to generate funds for “buyer’s financing”, whose support is
likewise necessary for the success of LGU-initiated socialized housing
projects; and
WHEREAS, there is a need for a single agency to coordinate and oversee
the efforts of all government housing agencies involved in assisting
LGUs in their respective socialized housing projects.
NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Republic of the
Philippines, by virtue of the powers vested in me by law, do hereby
order:
Section 1.
Sec. 2.
Sec. 3.
a.
b.
c.
d.
e.
f.
Sec. 4.
Such rules, regulations and guidelines shall, among others, provide and
ensure that housing projects to be supported under said program shall
be low-cost in nature to enable families with low income levels to
become beneficiaries thereof, and the terms and conditions of the
credit or guaranty arrangements to be granted or provided to LGUs by
the government housing agencies concerned shall be consistent with the
pertinent guidelines of the Unified Home Lending Program or Expand
Housing Loan Program.
Sec. 5.
Sec. 6.
Sec. 7.
DONE in the City of Manila,
this 13th day of December in the year of Our Lord, Nineteen Hundred and
Ninety-Three.
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