ic of the Puitippines
E OF REPRESENTATIVES
Quezon City

FIFTEENTH CONGRESS:
First Regular Session

458

HOLSE BILL NO.

introduced by HONORABLE ROMERO FEDERICO “MIRO” 8, QUIMEG

EXPLANATORY NOTE

ary af the Natisna! b
ctnent the CMP and AKPF pr

fn its seven years
gisting, EO 272 vaguely
of drastees, and of the Compo
potions to the: detriment ; tes gogi te make gvailable affordable ducer
2 services to underprivil 7 zens
ss. Furthermore, Es oncrele set or qualifications for the Presigeat
ofthe Comeration whieh could have « adverse impact on the management of the Instinnic

This bil? seeks to ad
establish a more independeat. soi
210 the housing needs

these weaknesses aad concerns, The passage of &

2 transparent SHDFC

EC 272 isthe vagueness and Niask of en

+ Mandated the NHMFC re

werstich

likewise cm}

dated to hi
ind staffing pattern,
ad purposes of SHOTC.

the Corporation. form
Corparation’s organizational and adn
her pyWers necessary to carr: inte



nent of Finance to sit ici Nise
warantee that the acts and devisivas 2 the
ilities of the Government. Furtter, it grot ides
‘es that Will git as members of the Board.

Woe within tte
qualifications for the four private sev

Fourth, qualifications tor the President are specified Th
President of the SHDFC will be experienced and cvinpel
housing

is wo ensure that the
fo decide on matters related wo

Fifth, this bill seeks to require
weal report of the financial conc!
ss. This is so eecuts

houses of ©

this bill instiuutionatizes
shation that is not vulnerable to reds

Tn View thereof, the expedi¢at approy

oy

oad

ROMERO FEDERICO “MIRO” 8. QUIMBO
Representative
Second District Marikina Cine


Republic of the Philippines

incraduced by Rep. Romero Federicu “Miro” 8. Quimbo

AN ACT
TO CREATE THE SOCIAL HUL SING DEVELOP WENT AND FINANCE
CORPORATION, PRESCRIBING ITS POWERS SND FUNCTIONS, AND FOR
OTHER PURPOSES

sie hy thes Senate and Hoses ww Cungrats assemnion

SECTION }. Title, - This Act shail te Snows gs the “Social {fousing Devsisoment ang
Finanee Corporation Act of 2011."

2 policy of the Stute
and urban develo,

ely achieve the fs
assist legally-organized assuciations of underpri
dovelop a tract of land and w own tele dhe

SEC. 4. The Social Housing Developmiznt and Finance Corporation. - Te
ned poticy ard cbiecti es. Housing De.
ead Finence Corporution (SHDEC),
so in Metro Manila, which shall mance Corps

eared by sista of UiNecutive Order No, 272 issued cus M} January 2004,

The corporation shall be the lead ges
ustams that will cater to the

undertake 30



SEC. §, Social Housing Programs. -— Consirtent wilt Republic Act No, TITS.
amended, othenvise known as the “Urban: Dev eispient and Housing Act of 1992.” Republic
Act No 6846 as amended, otherwise Snown as the “ahor-Kaya Pabahay Fund or Soxial
Housing Support Fund Acc” and Republic Sct Ne. 7635. otherwise known, as the
“Comprehensive and Integrated Shelter Pinancing Act of 1994." the corporation shail

lemon she following progranis:

a1 Community Mortgage Program 1€MP) ~ this program shall assist loyally orzar:
associations of underpriviteged anc homeless citizens w purchase and develop a
ownership. Lhe primary objective of the program is to ase!
sof where

lomes to the extent

saver (he concept of comm

Ibourhood and

shility

21 Abot-Kaya Pabahay Fund Po
program of socal hou:
fuses andior

am (AXPFP5 — this program seehs
fable to iow-income
i amortization support whereby fands are ms
their housing tear.

Hace
randow ne!

1 ration, it is aise tasked to deve'e>
ams such ds, but not limited to. the Localized
| a CMP derivative that allows loca! government
g Agoas of the Informal sector in their ceopethe

nalement other soe
nity Mongage Progran: (0
is) Wy address the housi

2
=

SEC. 6. Powers and Fun
fcltowing powers and fumetions:
2: To promove tind ownership. ¢
ne society
bit courage maximurr 9
PUs! te ensure thot homeless cikzens
rns of the corporation
instiutionatize ard prom
sh thelr own and‘or outside fzancin their fomes with their febor and suc
suse support facilities

ions of the Cergonativn, ~ The corporation shai! bax’ the

sing priority to the underpriv

> formutate. adopi. amend andor reseing suck

+ anc purposes of th

he powers and functions. and the 9

ts officers and employees

Fi Ty purahase, acquire. <2 un ¥ other ise deat in com
rigayes or participate therein or engage ic esiate management under such condition

a maybe determined by the Board of 1 ‘the corporation:

31 To provide « sirong wit sustaingdle ‘nence program supporting th

ectives and. ie relation thereto, ve burruit oF raise money Aecessary to most the Snansis

o cary out the pravisic



and sther evidences

pledge. dead o

bv the issuance of bonds. prom
n. and te secuze the rena; men: thereof by mortaas
Pe propertiys oF the eorporation:

1h! To jnvest and deal with +

monty and properties of the curpuratinn in such manner as
. trom time t time, be cousidered Wise or expedient for the advancement wf its interests
sell, dispose off or transter the busingss. properties. and goodwill of the vamporaii=r.
purt thereot for such consideration and under sucht tl see fit to accept:
ff Fy enter into any fawful arrangement for joiet venture, protit-sharing. union
interest. unitizwtion, or uust agreer concession, oF Ccopes
ution. parnersbip, « eTSOR. oF Bovernmen
ic authority. domestic or tt ig on of any business or 5
évemed nevessere. convenient or incidental te the seerying

i, MmEPIsiog

person, such charter. cantsac
as may be conduci+e fe ary

30. pri ileges. exemption. Hees
Aves of thy gorpar

ud

the +i

come; Or othenvise deal iii ccai ana personal propery anywhere in the Ph
be necessary, o incitcaral 1¢ of the corporate business:
ui; To conduct and mansact aay and ai! faw ities, and ro do or cause to be
oF mong oF the acts and purpeses set fan
and all forclan eousisies. aad to do eversth
Sishment oF the purposes or the exercise of a
ried or which shall a ans tine, sea cond
benefit of this gorporation
nei To adopt, slter. and use corporare seat, 79 sue and be sued and generatty to eversise
zewers under the corporation laws which are not inconsistent herewith und oF ex
sand
Yo exercise such powers and pi
lilary to carry out the provision:

incidents
v incidonta’

amore of the i

abi

1s may be necessary. usefa!, cacivn

SEC. 7. Board of Trustees. - The
and managed by a Board
omposed of the folios
he Chalmerson of the He
fficie Chsimman:
ectetary of the Depart
> The Secretar. of the Dope
ated representatives
‘The Secretary of the Depa:
sted representative:
se: The Governor of the Bangko Senurai ng
semative!

med and its activities dire
er referred to as thy board wh

d Management (DBM) or fi

#8 (BSP) or hissher duly 4

fy The presidents 6 al Home Mortzaye Fines
The president of the corporation: ang
Four (5) representafives of the private sector who sh
resident of the Philippines teem of

oration:

ail each he appointed ay me
= (8) years: Provided. That he’she shall be



citizen and a resident of thy Poi
preven competence and inte
plansing, developmen studies evon

. of sat morai character. of known probity. an
sieges in faw. public administration, urbar
omaies. civ engineering ot other related cvurse wid
Scial training in nousing ang urban desclopmuat programs, preferably in shelter th
setaent, from a recoznized college of university: Provides! futher, That

on caperience in the development of how: jects. organization of
other related activities

ippis

we alder oF g

. Wace Unairman and meme:
stem for each mecting actea!
cordance with eaisting jaws. ri

sing powers
amend the same @s maz be
expedient 10 carry oul effectively tne Fanctions of the corporation under this Act:
by fo formulate. revise. or adlust perbodizaty a ps and to promulgate such rule:

and. reyulations and manuals of pr: necessary 10 ensure the eff
miplementation of the provisions of this Act:

12: Le direct the management, apenttion, and administration of the corporation:

+d) To authorize such expenditures ay the conporation as are in the interest oF its &
aderinistration and operation: .

ter Lo approve the carporatic
nd create offices or po:
tration of the corporation. aad 1
rf the corporation:
be excaipt from Republic
ization Law, and other

ompensatinn:

istrative structures art

uch posers
seamplish the pu

2 eftess the provis
established

SEC. 9 President of the Corporation, ~ The President of the
spraimed by the President of the Phitippines for ¢ term of tive (3) y
hy she shal! be 4 person of onable imegrity, of known p:
nd catictisin, « holder of a degree in saw, public administration. uchar cleo
fsvsinpment studies, business or ecorwmics. of citer relared course with special rain:

iny end whan deveiopment prograrzs, preiervaly in sheliee Ttance management |
‘Phat he’she musi have expertise
Faance. the professios

organization of housing
ther related act
ncies and
His or private, domestic or foreign:
aad duties as may be de!



ang resolutions approved 6; % and direct and supervise the operations and
uztagement of the corporation, Subject 19 the approval by the board in ihe cae of
managerial positior’s and above and subject to the confirmation by the board in the case
ions helow managerial level, che presides shall appoint the personnel of the comporat

Prescribe their duties and qualifications. in accordance with existing civil service laws. rules
and regulations, to the end that only competent personne! may be employed. and. when
red, remove, suspend or otherwise discipline them for cause.

SEC. ti, Abolition of the SHFC and Transfer of its Powers and Functions, Rigits.

siration, in particular the CMP and the amortization suppont and the developmen!
grams under the AKPTP.
it, shall be transi

‘ial housing pr

ation shall, by virtue WBE subg ed 10 ail the rights and ass
E a al te pestinene furs and appropriation.
ded allucations, records. property. assets, eqltioment and personnel as at ne
Fhat the existing officers and sees of the SHEC: shall <
their posts in a holdover capacity until theis new appointments are issited

ALINE to assume

SEC. 12. Structure and Staffing Pattern. - (he position struciure and staffing path
the comporution shall be subject to the approval of the DBM. Yo
Enplementation of the CMP and the AKPFP during the period of transfer and ra
SHEC personnel who are perferming the functions ransterted 1 the SHDEC st
Thet the said perscne! ai their opti
ii be entitie: benetits pros

SEC. 3. Appropriations. - Tae amcurt needed for the initial implementerion of 2
shali be charged against the current car's appropriation for the CMP and the fend
AKPFP being administered by the SHC. Thereatier. such sums as may be necessary
plementation of this Act shai! be included in the General Approprii

wortin

SEC. 14. Interim Applicabitity of Existing Policies, Guidelines, and Rules. - Ex
po''sies, guidelines. rules and regulations with respect to the iunetions of the SHFC shic
have been transferred to the SHMPC shalt continue to be apg
amended or modified accordingiy

SEC. 18, Audig - The Chairman of die Commission of Audit shall appoint and ass'gn ve
serperation a Resident Auditsr and other subordis

dependent audit service. in addition ied by the Commission on Audit
ded for under Presidential Decree . otherwise known as the Govern
ung Code ot the Pkilippines. 1 i through the Commission

rion the
dent of the Rep:

Representatives,



. 16, Reports, ~ The carpe:

sn annua} report to the Pres
Philppines and to both chambers ¢

gress of the Philippines.

1. Suppletory Application of the Corporativa Code, — Tae pros issor

sation Cede shalt have suppletory application on matters not provided in ti

C. 18, Implementing Rules and Resulations.

= The implementin
ns 16 effectively carry

Act shail be adeps
er than winery (905
ned in at Weast one (1) national new spaper of

eral cireulation

SEC. 19, Repealing Clause, - 111 Jaws

ees, executive orders, or roles and
carom sistent with or contrary (© dhe g
sealed, amended, or modified accordin:

SEC, 2h Effecti
publication in the Offietal ¢
aiation.

Approved,