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2947
H . No, 4116
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Begun and held in Metro Manila, on Monday, tt1e twenty-seventh
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day of July, two thousand fifteen .
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I REpUBLIC ACT No. 108841
AN ACT STRENGTHENI NG THE BALAN CED HOUSING
DEVELOPMENT PROGRAM, AMENDING FOR THE
PURPOSE REPUBLIC ACT NO . 7279, AS AMENDED.
OTHE RWISE KNOWN AS THE URBA.."DEVELOPMENT
AN D HO USING ACT OF 1992
(a) Sect ion 3 of Republic Act No. 72 79 is her eby "(b) J oint -venture projects for socialized housing
ame nde d by re defining par agraph (r) to re ad as follows: with eithe r the local govern ment units or any of the
housin g age ncies or with an other private developer ,
"(r ) 'Soc ia li zed h ou sin g' re fe rs t o hou sin g or with a nongovernmental organization en gaged in
pr ogram s and pr ojects covering house s and lots or the provision of socialized housing and duly accre dited
homelots only, or re sid enti al condomi nium units by the Housing and Land Use Regulatory Board , but
undertaken by the govern me nt or the private sector if t he d evel op er h a s fail ed t o comp lete th e
for the underprivileged and homeless citizens which devel opm ent of the project, t he owne r andlo r
s ha ll include site s a n d services development, developer of th e main subdivision or condominium
long-term financing, liberalized terms on inter est project sha ll be solidarily liable only to the ext ent
payments, and such other benefits in accordance with of complia nce to the balanced housing requirement
the pr ovisions of this Act ." regardless of the provisions of th eir joint venture
agreement; or
(b) Secti on 18 of Republic Act No. 7279 is hereby
am ended to read as follows: "(c) Participation in a new pr oject und er the
community mortgage program.
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"SEC. 18. Balanced Hou sing Development. -
The Program shall include a syste m to be specified "The Housing and Land Use Regulatory Board
in th e Framework plan wh ereby owners andlor is hereby mandated to submit to Congress an annual
developers of pr oposed subdivision and condominium rep ort on the compliance hereof by the owne rs
projects sha ll be requ ired to develop an area for andlor developers of subdivision and condo minium
socialize d housing equival ent to at lea st fift een proj ects . .
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per cent (15%) of the t otal subdivision are a or total
subdivision project cost and at least five per cent (5%) "Any person violat ing a ny pr OVISIOn of this
of condominium area or pr oject cost, at the option section' sha ll be imposed a fine of not less than five
of the developer , in accordance with the standa rds hundred thousand pesos (P 500,OOO.OO), for the first
as provid ed by law : Pr ovided , That p ropo sed offen se; sus pe ns ion of license to do business for a
socialized subdivision projects and pr oposed socialized period of t hree (3) to six (6) month s and a fine of
condominium pr ojects sha ll be exempt from this not le s s than fiv e hundred th ou s and pe so s
requirement. For this purp ose, the Hou sing an d (P500,OOO.OO), for the second offense; and cancellation
Urban Development Coordina ting Council and th e of license to do bu siness for the third offense ."
National Economic and Development Authority sha ll
jointly determ ine and set separate socialized housin g (c) Section 20 of Republic Act No. 7279 is h ereby
price ceilings for socialized subdivision and socialized a men ded to read as follows:
condomini um pr oject s which shall be mand atorily
reviewed or revised every two (2) years. The balanced "S EC . 20. I n cen t i ves fo r Pri vat e Sect or
housing development as herein required may also be Participating in Socialized Housing. - To encourage
complied with by the owne rs a ndlo r developers greate r private sector participation in socia lize d
housing and further redu ce the cost of housing units
concerne d in any of th e followin g manner :
.>
to be issued by th e Housing and Urban Development
Coordinating Council."
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This Act which is a con so lidat ion of Sena te Bill No. 2947
a n d H ouse Bill No . 4116 wa s finally pa ssed by t he Se nate
a n d the H ouse of Representatives on February 3. 2016 a n d
Ma y 23, 201 6. resp ectively .
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MARILYN B.J8Mfu"Al1
Secretary Genera l
AP ~s
Secretary ofthe Senate
House ofRepresentatives
Approved:
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BENI GNO S. AQUINO III
President of the Philipp ines
o
Lapsed ,nt,) law on 'JUL 1 7 2016
Wlth," ,! '"l! signature of the Pre sident,
In accordance with Article VI, Section
27 (1) of the Constitution.