The Department of Human Settlements and Urban Development (DHSUD) issued a department circular that expedites the issuance of "licenses to sell" (LS) in housing project development.
DHSUD Assistant Secretary Sharon Faith Paquiz said the memorandum is expected to reduce the negative impact of the ongoing crisis on the housing sector.
"Sa pamamagitan nito, nilalayon naming mapagaan ang pinansyal na epekto ng COVID-19 sa negosyo ng real estate, pasiglahin ang aktibidad ng konstruksyon habang nagpo-promote ng trabaho upang matulungan ang ating ekonomiya na makabangon mula sa krisis sa kalusugan (Through this, we hope to alleviate the financial impact of COVID-19 on the real estate industry, increase construction activity, and promote employment to assist our economy recover from the health crisis),” said Paquiz.
DHSUD Secretary Jose Rizalino Acuzar has signed Department Circular (DC) 2024-005, or the Codification of Requirements, Rules, Regulations, and Procedure to Streamline and Standardize the Housing and Real Estate Development Regulation and Homeowners’ Associations and Community Development, on Feb. 14.
The memorandum stated that the guidelines under the "deferment of compliance in light of the COVID-19 pandemic" is applicable for all subdivision and condominium projects.
It also covers shared housing in new settlements, as well as cooperative ventures with municipal governments, housing agencies, and non-governmental organizations.
Under the DC, all projects must obtain and submit a "Certificate of Registration (CR) or LS" and apply for accreditation within the first half of the primary project's planned completion date, as specified in the certificate of license to sell.
“Nasa book one ng Codification rules itong license to sell na layunin na magkaroon ka ng authority to sell your units and from the certificate of completion. Sa book one, isang sistema lang for all the regional offices na ito lang ang dapat sundan (This license to sell is in book one of the Codification rules, which grants you the authority to sell your units as well as the certificate of completion. There should be just one system used by all regional offices, as stated in book one),” said Paquiz.
It further said that owners and developers seeking the CR/LS of the main development must provide a notarized pledge declaring their proposed way of compliance, intention to obtain within the specified timeframe, and compliance without further notification from DHSUD regional offices.
Failure to comply with the most recent regulation may result in the suspension of a developer's license to sell. Violations should result in fines, punishments, and other penalties.
Moreover, DHSUD Real Estate Development and Regulation Bureau OIC-Director Atty. Angelito Aguila said that this is one of the department's numerous endeavors to assist stakeholders while preserving quality service for beneficiaries via regulated systems and processes.
He noted that the law also aims to protect the real estate business and aid in its recovery in the midst of a current health crisis.
More than 5.5 million members benefited from DHSUD's implementation of loan payment moratoriums for all of its key shelter agencies (KSAs) during the peak of the increased community quarantine in 2020.
“DHSUD will work intensively with its KSAs, partner developers, to reinforce its entire operations, such as issuing essential laws and streamlining processes, to achieve its mission of building quality, affordable, and resilient houses for Filipinos,” said Aguila.