ChanRobles Virtual law Library
PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Home > Chan Robles Virtual Law Library > Philippine Laws, Statutes & Codes > :
Search for
www.chanrobles.com
:
EXECUTIVE ORDERS
PLEASE CLICK HERE FOR THE LATEST ➔ PHILIPPINE LAWS, STATUTES & CODES
EXECUTIVE ORDER NO. 170 -
ESTABLISHING THE REVOLVING FUND FOR HOUSING PROJECTS OF LOCAL
GOVERNMENT UNITS
WHEREAS, housing is one of the fundamental
needs of the nation’s poor; Since 19.07.98.
WHEREAS, the national government supports the initiatives of local
government units to provide decent and affordable housing for their
low-income constituents;
WHEREAS, the government’s main thrust is to eradicate poverty by
providing support services to the poor and the local government units
that assist them;
WHEREAS, the local government units need to harness enormous resources
to help the poor;
WHEREAS, the devolution of powers from the national government to the
local governments also requires the decentralization of financial
resources;
NOW, THEREFORE, I, JOSEPH EJERCITO ESTRADA, President of the Republic
of the Philippines, by virtue of the powers vested in me by law, do
hereby order the establishment of the REVOLVING FUND for the HOUSING
PROJECTS of the LOCAL GOVERNMENT UNITS.
The FUND shall be in the initial amount of ONE HUNDRED MILLION PESOS
(P100,000,000.00) to be made available to the first ten local
governments who submit a concrete Housing Project with identified poor
beneficiaries at a maximum amount of TEN MILLION PESOS (P10,000,000.00)
per LGU.
The FUND shall be administered by the Housing and Urban Development
Coordinating Council.
This Order takes effect immediately.
Done in the City of Manila,
this 25th day of October, in the Year of Our Lord, Nineteen Hundred and
Ninety-Nine.
chan
robles virtual law librar
Back to Main
chan
robles virtual law library