Developers to tackle Balanced Housing at National Confab Launch

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The on-going amendments to Republic Act 7279 or the Urban Development and Housing Act (UDHA) will be the main topic during the 5th Monthly Business Meeting of the Chamber of Real Estate and Builders’ Associations, Inc. (CREBA) to be held at lunchtime on May 29, 2014, Thursday, at the Bahia Ballroom of the Hotel Intercontinental, Ayala Avenue, Makati City. During said occasion, the 23rd Annual CREBA National Convention to be held in Iloilo City from October 15-18, 2014 will be officially launched.

 

Founded by the late Atty. Manuel M. Serrano in 1973, CREBA is the largest and Philippine umbrella organization of the real estate and housing industry composed of property developers, builders, contractors, suppliers and manufacturers of construction materials, real estate service practitioners and other professionals and entities engaged in over 75 related fields. It has close to thirty chapters all over the Philippines.

 

For the past 40 years, CREBA has regularly proposed legislative and administrative approaches to housing production, finance or regulation, or submit well-researched commentaries of government-initiated legislation or policies related to housing making it government’s strong ally in pursuing a truly rational and affordable national housing program.

 

According to Noel Toti M. Cariňo, CREBA national president, R.A. 7279 requires all subdivision developers to build socialized housing equivalent to either 20% of the total project area or cost of their main projects. There are now several pending bills in Congress aiming to extend the requirement to developers of condominiums but with more compliance options.

 

“But this amendment will be workable if compliance projects for condominiums will be pegged to a more reasonable quota of 5%, while for subdivisions, it is time to consider a quota of only 15% to make it more realistic and feasible for developers to comply with,” Charlie A. V. Gorayeb, CREBA national chairman, said in an official position paper sent to members of Congress and the Senate.

 

“We would like however, that all modes of compliance redound to production of more housing units instead of its former cash and other equivalents,” underscored Gorayeb.

 

The CREBA head cited government records showing that actual production in terms of housing units since 1992 when UDHA was passed into law has been meager and way below the targets to meet the annual compounding housing demand.

 

The group has also been pushing to create a new socialized housing package for low-rise condominiums located in urban areas to maximize the use of scarce lands and address homelessness in key cities all over the Philippines.

 

Akbayan Party-list representative Congressman Ibarra M. Gutierrez III will be the main speaker. Cariňo said that as chairman of the technical working group on balanced housing under the House Committee on Housing and Urban Development, Cong. Ibarra will be in the best position to provide a status update on the amendment of the law and will serve as a good sounding board to hear the proposals of the private sector. The meeting is a regular monthly event under CREBA’s internal affairs group headed by Techie P. Bautista, vice-president.

 

Cong. Ibarra finished law at the U.P. Diliman and pursued graduate studies in New York University. He served as director of the Housing and Urban Development Coordinating Council, GSIS legal consultant, UP Institute of Human Rights director, UP law assistant professor and most recently as undersecretary on political affairs.

 

Cariňo said that Iloilo City Mayor Jed Patrick E. Mabilog will also be present as guest of honor to grace the launching of the 2014 CREBA national convention which will be held in the third week of October, dubbed as the country’s national housing month.

 

Iloilo City was chosen as venue of one of this year’s biggest national real estate events due to its great potential as a business and investments hub, particularly for housing and real estate development, in Western Visayas.

 

The convention organizing committee is led by Ma. Concepcion N. Beltran, executive vice-president. The host chapter is headed by Herminio L. Maravilla, president of CREBA-Iloilo.

 

For inquiries, please contact tel. nos. 373-2270 to 75 or e-mail address creba_national@yahoo.com.