EIGHTEENTH CONGRESS OF THE 
)
REPUBLIC OF THE PHILIPPINES 
)
First Regular Session 
)
SENATE
S. B. No. 
203
li'Ki.T oi iiji' jJ»r I 'ta q i
'19 JUL -2 P3 -24
RM.
INTRODUCED BY SENATOR CHRISTOPHER LAWRENCE "BONG" T. GO
AN ACT
PROVIDING FOR A NATIONAL HOUSING DEVELOPMENT, PRODUCTION 
AND FINANCING PROGRAM REGULARIZING ITS APPROPRIATION FOR ITS
IMPLEMENTATION
EXPLANATORY NOTE
Housing has always been a priority in the list of concerns of the Philippine 
government. To improve the housing situation in the country, the government has 
formulated an intensive list of policy instruments intended to improve the delivery of 
housing services, especially for the poor.
Despite these initiatives, very limited improvements had been observed in the 
housing condition of the country. Throughout the years, the housing need in the 
country has continued to grow from 3.6 million units for the period of 2007-2010 to 
5.6 million units for the period of 2011-2016. It further grew to 6.57 million units 
for the period of 2017-2022. The Philippine Statistical Research and Training 
Institute projected that the country's housing need will further grow to 22.6 million 
units by the end of 2040. Of the total projected need, the accumulated housing 
need/backlog is around two (2) million units.
To address the projected housing need of 22.6 million units for the next 
twenty (20) years, the Philippine government needs to build 1,130,575 units per 
year against the annual housing production for the past 31 years of only 128,407


units. As a result, the Philippines has an accumulated housing backlog of 1,002,168 
units.
The population of Informal Settler Families (ISFs) in the country has also 
continued to grow from 1.5 million ISFs in 2017 to 1.9 million ISFs in 2019. The 
majority of the ISFs are located in Metro Manila (478,899 ISFs), Region IV-A 
(199,950 ISFs), Region X (164,094 ISFs), Region XI (153,479 ISFs) and Region V 
(115,463 ISFs).
The Philippine government's ability to reduce the country's housing problem is 
hampered by the limited appropriations (less than 1% of the total annual budget) 
for the government's pro-poor housing programs and the difficulty in accessing lands 
for housing due to the bureaucratic red tape. To address the country's housing 
problem, the government should pursue a truly "large scale" program that combines 
new socialized housing initiatives with resettlement and livelihood projects. The bill 
aims to significantly reduce the country's housing backlog through continuous 
funding support to implement the major components of the National Development 
and Production Flousing Program.
In view of the foregoing, approval of this bill is earnestly sought.
SENATOR CHRISTOPHER LAWRENCE "BONG " T. GO


EIGHTEENTH CONGRESS OF THE 
)
REPUBLIC OF THE PHILIPPINES 
)
First Regular Session 
)
i 
h ■.»
i2>au( titiK J J 'i'n fijirp
SENATE
S. B. No. _ 2 I L 3 l
RTUT—
INTRODUCED BY SENATOR CHRISTOPHER LAWRENCE "BONG" T. GO
•19 JUL-2 P3--24
_c:3
AN ACT
PROVIDING FOR A NATIONAL HOUSING DEVELOPMENT, PRODUCTION 
AND FINANCING PROGRAM, REGULARIZING ITS APPROPRIATION FOR
ITS IMPLEMENTATION
Be it enacted by the Senate and House o f Representatives o f the Philippines in 
Congress assem bled:
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Section 1. Title. — This Act shall be known as the "National Housing 
Development, Production and Financing (NHDPF) Act of 2020."
Section 2. Declaration o f Policy. — It is hereby declared a policy of the state to:
a) undertake, in cooperation with the private sector, a continuing program of 
housing and urban development which shall make available at affordable cost, 
decent housing and basic services especially to the underprivileged and homeless 
citizens; b) pursue the realization of a modern, humane, economically viable and, 
environmentally-sustainable society where the urbanization process is manifest in 
towns and cities being centers of productive economic activity and is led by market 
forces; where urban and rural areas have affordable housing, sustainable physical 
and social infrastructure and services facilitated under the democratic and 
decentralized system of governance; and where urban and rural areas provide the 
opportunities for an improved quality of life and eradication of poverty; c) ensure 
that poor dwellers shall be provided with appropriate and innovative housing 
program and support mechanisms to discourage further growth of blighted 
communities; and d) encourage on-site development, whenever feasible, in the 
implementation of housing programs and shall promote the creation of new 
settlements with basic facilities and utilities and development of sustainable urban 
renewal programs.
Cognizant of the role of housing as stimulus of economic growth and development, it 
is hereby declared a state policy to strengthen, promote and support the component 
activities of housing production and finance by ensuring continuous/sustained


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funding support to scale-up the implementation of the major components of the 
National Housing Development and Production Program.
Section 3. Statem ent o f Objectives. — Towards this end, the State shall:
(a) Increase 
housing 
production 
by 
forging 
partnership 
among 
housing 
stakeholders to address the housing needs of the Filipino families by 2040.
(b) Generate and mobilize funds for housing purposes of Filipino families, giving 
priority to the homeless and underprivileged.
(c) 
Ensure the provision of support mechanisms/subsidy program to improve 
access of Filipino families to a variety of housing options.
(d) Guarantee the development of a strong, sustainable, accessible and affordable 
housing finance system.
(e) 
Encourage public and private sector participation in the implementation of 
government National Housing Development and Production Financing Program.
Section 
4. 
National 
Housing 
Development 
Production 
Program 
Im plem entation. — Consistent with the aforementioned policy and objectives, the 
Department of Human Settlements and Urban Development (DHSUD) and its 
attached Key Shelter Agencies, shall intensify the implementation of the vital 
components of the National Housing Development Production and Financing 
Program. The implementation of this program shall be carried out by the following 
agencies:
National Housing Authority (NHA)- the sole national government agency tasked to 
implement and develop the following housing programs intended for the bottom 
30% of the income population:
(1) 
Resettlement - This program addresses the requirements of families affected 
by a) government infrastructure projects, b) those living along danger areas 
and c) those affected by Supreme Court Mandamus. It entails the provision of 
vertical (from 5 to 15-storey residential building) and/or horizontal housing 
units, community facilities, socio-economic and other community support 
programs.
The program also involves the implementation of local/regional resettlement 
projects as joint National Government-Local Government undertakings to 
address the resettlement requirements of Local Government Units (LGUs) 
outside Metro Manila involving families in danger areas, those affected by 
infrastructure projects, indigenous peoples and former rebels.
The government infrastructure agencies shall submit an inventory of Informal 
Settler Families to be affected by their projects and their location to the 
appropriate housing agencies at least two years prior to its implementation and


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shall incorporate in their respective project costs the amount needed for the 
relocation and resettlement of affected families.
(2) 
Government Employees Housing Program -  this program is intended to provide 
decent and affordable housing to low-salaried government employees.
(3) 
Settlements Upgrading- this program aims to address the security of tenure 
and infrastructure requirements of informal settlements on government-owned 
lands proclaimed or designated as socialized housing sites.
(4) 
Housing Program for Calamity Victims -  this program is intended to respond to 
the housing needs of low and marginal-income and/or informal shelter families 
for transitional and/or permanent shelter affected by calamities such as 
typhoons, landslides, earthquakes, and fires for relocation to safe areas.
(5) 
Land Banking - 
this refers to the acquisition of land, which includes idle 
government lands, at values based on existing use in advance of actual need to 
promote planned development and socialized housing programs with a view to 
distribute the land to qualified socialized housing beneficiaries.
It covers survey and titling of individual lots for disposition to qualified 
occupants, infrastructure development, housing construction and rehabilitation 
of existing project sites.
Social 
Housing Finance Corporation (SHFC) - mandated to undertake social 
housing programs that will cater to the formal and informal sectors in the low- 
income bracket and to take charge of developing and administering social 
housing programs, particularly the Community Mortgage Program and its different 
modalities:
(6) 
Community Mortgage Program (CMP) - this is a mortgage financing program, 
which assists legally organized associations of underprivileged and homeless 
citizens to purchase and develop a tract of land under the concept of 
community ownership. The primary objective of the program is to assist 
residents of blighted or depressed areas to own the lots they occupy, or where 
they choose to relocate to, and eventually improve their neighborhood and 
homes to the extent of their affordability. The different modalities of the CMP 
are as follows:
a) Sectoral CMP -  a CMP modality that caters to the different sectoral groups 
including but not limited to the basic sector groups needing resettlement 
assistance. A sectoral group represents a group or coalition of persons who 
share similar concerns and interests and intend to avail of resettlement 
assistance from SHFC, including Indigenous Peoples (IPs), Indigenous 
Cultural Communities (ICCs) and other ethnic minority groups.


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b) Housing for Peace Process and Nation Building CMP -  a CMP modality which 
would lead to the achievement of national peace and development through 
the provision of housing to former rebels/rebel returnees (FR/RR). This also 
includes rebuilding damaged or destroyed homes in post conflict-areas of 
internally-displaced persons (IDPs).
c) Post-Disaster Rehabilitation and Reconstruction CMP -  a CMP modality 
which provides assistance to community housing projects in times of 
disaster. This program allows the communities to immediately embark on 
house construction and site development which adhere to the minimum 
standards and specifications of the design and structural components of 
disaster-resilient housing projects, as well as materials.
d) Industrial Workers CMP -  a CMP modality intended primarily for low-income 
employees of companies engaged in agro-industrial, industrial processing 
zone, tourist, recreational, commercial and other enterprises.
e) Site Upgrading/Development CMP -  a CMP modality intended to provide 
site development and housing/building construction loans for projects 
whose lands are donated by private or public entities applicable to both on­
site or resettlement projects.
f) Mixed-Use CMP -  a CMP modality aimed at developing a self-sustaining 
community by having a balanced mix of residential and commercial spaces, 
well developed infrastructure and recreational amenities along with green 
and open spaces and wellness areas. Under this modality, 9% of the project 
area shall be allotted for green spaces and 1% of project area for friendly 
facilities of Persons with Disabilities (PWD)
National Home Mortgage Finance Corporation (NHMFC) -  A government corporation 
mandated to increase the availability of affordable housing loans to finance the 
Filipino homebuyers on their acquisition of housing units through the development 
and operation of a secondary market for home mortgages.
(7) 
Securitization -  this refers to the development of the secondary market for 
home mortgages and other housing related receivables, conveyances and 
financial instruments and the development/promotion of and investments in 
new housing-related financial instruments and investment vehicles and the 
capital markets thereof. Furthermore, this would also increase and sustain 
funds available for housing and home development.
Department of Human Settlements and Urban Development (DHSUD)- the primary 
national government entity responsible for the management of housing, human 
settlements and urban development including the implementation of the following 
programs;
(8) 
Public Housing -  this is a housing program that is owned and/or managed by
the government for the purpose of providing security of tenure to the


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underserved families including but not limited to the development of 
proclaimed socialized housing sites intended to promote the establishment of 
new towns, new settlements, and urban renewal.
The term "underserved families" refers to those who are disadvantaged in 
terms of access to basic services because of inability to pay or other disparities 
by reason of economic or social status, ethnicity, geographical isolation, and 
other circumstances.
(9) 
Subsidy -  this is a financing assistance scheme intended to enhance the 
affordability of well targeted and most financially incapable segment of the 
society. It is a grant extended to qualified low-income beneficiaries under the 
National Housing Development and Production Financing Program under any of 
the following alternative subsidy schemes:
a. 
Extension of Interim Shelter Fund to each of the family-beneficiaries 
which they can use to find safe residency and livelihood to support their 
families, pending the completion of their housing units in the relocation 
sites.
b. 
Payment for upfront cost equivalent to 5% of the project cost (e.g. 
mortgage insurance, titling, etc.); and
c. 
Monthly payment subsidy for the first five years of the loan period in 
accordance with Section 3 (a) of RA 6846 or the Social Housing Support 
Fund Act. The department shall 
be authorized to establish the 
qualification and income requirements of borrowers who will qualify for 
the amortization support subsidy.
The DHSUD, in coordination with the LCDs and other national government 
agencies, shall be authorized to formulate the criteria and guidelines to select 
the beneficiaries that may qualify for the subsidy program.
(10) Public Rental Housing- this program involves the extension of fiscal assistance 
of up to a maximum of 50% of the total construction cost for the National 
Government Agencies (NGAs) and Local Government Units (LGUs) that shall 
construct and operate public rental accommodation to eligible low-income 
families and housing safety net for the vulnerable sectors (e.g. senior citizens, 
person with disabilities, etc.).
The DHSUD shall formulate the guidelines in the implementation of public 
rental housing assistance including the adoption of the lease/rental buy-back 
scheme.
(11) Survey of proclaimed lands for socialized housing and inventory of government 
idle lands -  this involves the survey of all occupied government lands 
proclaimed by the President as suitable for socialized housing and conduct of 
inventory of government lands which have been idle for more than ten (10) 
years except lands owned by the GOCCs and government financial institutions


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engaged in shelter financing as part of its fiduciary obligations to its members 
and/or taken possession of in their ordinary conduct of business.
(12) Such other program components as may be determined by the DHSUD
Section 5. Appropriations by the National Government. The amount of One 
Hundred 
Thirty-Five 
billion, 
One 
Hundred 
Fourteen 
Million 
Pesos 
(P135,114,000,000.00) or such amount necessary to carry out the provision of this 
Act is hereby authorized to be appropriated annually through the General 
Appropriations Act over a period of twenty (20) consecutive years commencing from 
the year immediately succeeding the effectivity of this Act or until such time that the 
total fund requirements provided for in this Act shall have been fully released.
A total amount of Two Trillion, Six Hundred Sixty-Seven Billion, Two Hundred 
Ninety-Three 
Million 
Pesos 
(P2,667,293,000,000.00) 
covering 
the 
continuing 
requirement of this Act shall be appropriated to the DHSUD and Key Shelter 
Agencies for the implementation of the following component programs of the NHDPF 
Program:
(1) 
One trillion, seven hundred twenty-two billion, four hundred forty-six million 
pesos (Pl,722,446,000,000.00) for the implementation of the following 
programs of NHA:
a. 
Eight 
hundred 
billion 
and 
six 
hundred 
ninety 
million 
pesos 
(P800,699,000,000.00) to finance the Resettlement Program under 
Section 4(1) of this Act;
b. 
Five hundred forty-three billion and four hundred nineteen million pesos 
(P543,419,000,000.00) as subsidy for Government Employees Housing 
under 4(2) of this Act;
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c. 
One hundred sixty-four billion and two hundred sixty-five million pesos
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(P164,265,000,000.00) for the Settlements Upgrading under Section 4(3)
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of this Act;
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d. 
One hundred one billion and seven million pesos (P101,007,000,000.00)
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for the Housing Program for Calamity Victims Section 4(4) of this Act; and
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e. 
Sixty-three billion and fifty-six million pesos (P63,056,000,000.00) for the
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Land Banking under Section 4(5) of this Act.
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(2) 
Four 
hundred 
fifty-three 
billion, 
two 
hundred 
million 
pesos
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(P453,200,000,000.00) for the implementation of the Community Mortgage
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Program under Section 4(6) of this Act.
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(3) 
Fifty billion (P50,000,000,000.00) for the Capitalization of NHMFC under
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Section 4(8) of this Act.


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(4) 
Four hundred seventy-six billion, six hundred forty-seven million pesos 
(P476,647,000,000.00) for the implementation of the following programs of 
the DHSUD
a. 
Three hundred sixty-five billion, nine hundred seventy-nine million pesos 
(P365,979,000,000.00) to finance the Public Housing under Section 4 (8);
b. 
Eighty-nine 
billion, 
one 
hundred 
thirty-one 
million 
pesos 
(P89,131,000,000.00) as subsidy under Section 9, broken down as 
follows:
b .l 
Eighteen 
billion, 
five 
hundred 
thirty-one 
million 
pesos 
(P18,531,000,000.00) as interim shelter finance assistance for the 
informal settler-families who will be relocated under Section 4 (9a) 
b.2 
Sixty-three 
billion, 
seven 
hundred 
ninety-six 
million 
pesos 
(P63,796,000,000.00) as upfront subsidy under Section 4(9b) 
b.3 Six billion, eight hundred four million pesos (P6,804,000,000.00) as 
amortization support under Section 4 (9c)
c. Twenty billion, four hundred fifty-six million pesos (P20,456,000,000.00) to
finance public rental housing under Section 4(10); and
d. 
One billion, eighty-one million (Pl,081,000,000.00) to finance survey of 
proclaimed lands and conduct of inventory of government idle lands 
suitable for socialized housing under Section 4 (11).
Section 6. LGU Sources of Funds. Section 43 of RA 7279 on Socialized Housing 
Tax is hereby amended, to read as follows:
Consistent with the constitutional principle that the ownership and enjoyment of 
property bear a social function and to raise funds for the Program, all local 
government units are hereby authorized to impose an additional one-half percent 
(0.5%) tax on the assessed value of all lands in urban areas. The proceeds from the 
imposition of Socialized Housing Tax shall accrue to the special funds of the LGUs, 
which shall be used for the development of socialized housing projects and 
construction and estate management of public rental housing of the LGUs.
Section 7. Im plem entation o f the Securitization, Capital and Secondary 
Mortgage Operations Program. The NHDP Securitization for the development of 
the secondary market for home mortgages of and other housing related receivables, 
conveyances and financial instruments and the development/promotion of and 
investments in new housing related financial instruments and investment vehicles 
and the capital markets thereof, to increase and sustain funds available for housing 
and home development shall be implemented as follows:
1. 
The NHMFC shall be the sole implementing agency for the NHDP securitization; 
and


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8.
The NHMFC in coordination with the DHSUD, DOF and BSP and other 
concerned agencies and private sector organizations, shail formulate a 
program, the proceeds of which shall accrue to the Centralized Housing Fund.
The mortgages to be generated as a result of the implementation of the 
component programs of the NHDP Program shall be sold and transferred to 
NHMFC, which shall also serve as asset pool for securitization.
The NHMFC as the sole agency for the implementation of the NHDPA 
Securitization shali manage the whole securitization process which includes the 
following activities: determining the eligibility criteria for the asset pool; 
defining the preliminary structure of the notes, bonds and or instruments to be 
issued, third parties to be hired; and education/briefing of target investors for 
all the issues.
The NHMFC and NHDPFA-issued bonds, notes and securities shall be exempt 
from the registration requirements under the Securities Regulation Law in order 
to accelerate the issuance of its housing related securities/fmancial instruments 
and, 
thus, 
more 
reasonably provide the 
necessary fund 
for 
housing 
developments.
Transactions by banks involving the purchase and sale of housing bonds, 
debentures and such other simiiar instruments shall be exempt from the twenty 
percent (20%) final tax on income, documentary stamps tax, gross receipts tax 
and value added tax.
The investors' yield or income from any socialized housing or economic 
housing-reiated bond or asset-backed securities (ABS) issued by NHMFC 
directly or through a special purpose entity under the Securitization Act shall be 
exempt from income tax. Such issuances shali enjoy all the tax exemptions 
granted under Republic Act No. 9627 or the Securitization Act of 2004 pursuant 
to the State's policy of promoting the securitization of mortgage and housing- 
related receivables of government housing agencies, to generate investment 
and accelerate the growth of the housing finance sector, especialiy for 
socialized and economic housing.
Bonds purchased by private real estate developers shall be considered as an 
alternative compliance to the balanced housing requirements under section 18 
of RA 7279 as amended by RA 10884, subject to the rules promulgated by the 
Department of Human Settlements and Urban Development.
The Philippine Guaranty Corporation created pursuant to Executive Order No. 
58 (S. 2018) shall guaranty payment of the balance outstanding and due on 
the guaranteed principal obligation, plus interest and yields thereon up to 
eleven percent (11%) per annum for socialized housing packages, ten percent 
(10%) per annum for low-cost housing packages, nine and a half percent


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(9.5%) per annum for medium-cost housing packages and eight and one half 
percent (8.5%) per annum for open housing packages.
Section 8. Capitalization of National Home Mortgage Finance Corporation 
(NHMFC). The authorized capital stock of the NHMFC is hereby increased from 
P5,500,000,000.00 pesos to P50/000,000,000.00 pesos to expand its leveraging 
capacity based on the volume of mortgage loans being serviced to improve its 
profitability by reducing the average cost of its fund made available for home lending 
programs.
The capital of the National Home Mortgage Finance Corporation (NHMFC) shall be 
Fifty billion pesos (P50,000,000,000.00), to be fully subscribed by the Government of 
the 
Republic 
of 
the 
Philippines, 
hereafter 
referred 
to 
as 
the 
Government: Provided, That the P25,000,000,000.00 of the capitalization shall be 
funded from the General Appropriations Act and the remaining P25,000,000,000.00 
shall be funded from the declared dividends of the NHMFC in favor of the National 
Government. For this purpose, any and all declared dividends of the NHMFC in favor 
of the National Government shall be deposited in a special account in the General 
Fund, and earmarked for the payment of NHMFC's increase in capitalization. Such 
payment shall be released and disbursed immediately and shall continue until the 
increase in capitalization has been fully paid."
Section 9. Tax Exemptions. - The NHMFC shall be exempt from all national, 
provincial, municipal and city taxes on income derived from its governmental 
functions, specifically income from its activities or transactions in the exercise of its 
mandates.
Section 10. M ulti-Year Obligational A uthority -  The Secretary of the DHSUD 
and Heads of its attached housing agencies, pursuant to the National Housing 
Development, Production and Financing Program, projects and appropriations 
approved by Congress, shall, subject to the provisions of existing laws and 
regulations including those of the Commission on Audit and other such terms and 
conditions most favorable to the government, be given multi-year obligational 
authority for housing program or project which will take more than one year to 
complete that requires multi-year appropriations.
Section 11. Private Sector Participation -To fast track the approval and 
implementation of housing projects and reduce the cost of socialized and low-cost 
housing units, the Bureau of Internal Revenue, the Department of Agriculture, the 
National Irrigation Authority, the Philippine Coconut Authority, the Sugar Regulatory 
Administration, the Department of Agrarian Reform, the Department of Environment 
and Natural Resources, the Mines and Geosciences Bureau, the Laguna Lake 
Development Authority the Department of the Interior and Local Government, the 
Local Government Units, the Land Registration Authority 
and the Department of 
Human Settlements and Urban Development shall facilitate the release of the 
required housing-related permits, licenses, certifications and tax exemptions/rulings 
in accordance with Republic Act 11032 or an Act Promoting Ease of Doing Business 
and Efficient Delivery of Government Services Amending for the Purpose Republic


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Act 9485 Otherwise Known as the Anti-Red Tape Act of 2007 and for Other Purposes 
and Executive Order No. 45 (S. 2001).
In case the responsible officers of the agencies concerned fail or refuse to dispose of 
the application within the periods prescribed under RA 11032, the applicable
administrative and criminal liability as stated in Section 22 of RA 11032 shall be
imposed.
All the incentives enumerated under Section 20 of Republic Act 10884 or an Act 
Strengthening the Balanced Housing Development Program, Amending for the 
Purpose Republic Act No. 
7279, as Amended, 
Otherwise 
known as the Urban
Development and Housing Act of 1992 shall be extended 
to the private sector
engaged in socialized and low-cost housing development including the construction 
and estate management of public rental housing.
The participation of owners and/or developers in any of the component programs of 
the NHDPFA shall be treated as one of the manners of compliance to the balanced 
housing requirements subject to the conditions set forth under RA 10884.
Section 12. Collection Efficiency. -  In order to improve collection efficiency, the 
NHA, SHFC and NHMFC shall have authority to foreclose mortgages, and/or evict 
beneficiaries in accordance with existing laws.
Section 13. Im plem enting Rules and Regulations. -  The DHSUD 
promulgate rules and regulations necessary for the implementation of this Act.
shall
Section 
14. 
Repealing 
Clause. 
- 
All 
laws, 
decrees, 
executive 
orders, 
proclamations, rules and regulations and the issuances, or parts thereof which are 
inconsistent with the provisions of this Act, are hereby repealed, amended or 
modified accordingly.
Section 15. Penal Clause - Any person who violates any provision of this Act shall 
be imposed the applicable administrative and criminal liability as stated in Section 22 
of RA 11032 or the Ease of Doing Business and Government Service Delivery Act of 
2018.
Section 16. Separability Clause. - If for any reason, any provision of this Act is 
declared invalid or unconstitutional, the remaining provisions not affected thereby 
shall continue to be in full force and effect.
Section 17. E ffectivity Clause. - This Act shall take effect fifteen (15) days after 
its complete publication in at least two (2) national newspapers of general 
circulation.
Approved,
10