The Bangko Sentral ng Pilipinas (BSP) announces the " Revised Definition of Socialized and Low-Cost Housing". Pursuant to Monetary Board Resolution No. 768 dated 26 May 2011, the
definition of "Socialized Housing" and "Low-Cost Housing" as provided
under the Manual of Regulation on Foreign Exchange Transactions issued
under Circular No. 645 dated 13 February 2009, as amended, are hereby
revised to read as follows:
" Socialized Housing refers to housing packages with loan ceilings of not more than PHP400,000, or in such other amounts which the Housing and Urban Development Coordinating Council (HUDCC) may prescribe in the future." " Low-Cost Housing refers to housing packages with loan ceilings ranging from above PHP400,000 up to PHP3 million or in such other amounts which HUDCC may prescribe in the future." This Circular shall take effect 15 calendar days following its publication either in the Official Gazette or in a newspaper of general circulation. - https://www.affordablecebu.com/
Please support us in writing articles like this by sharing this post
Share this post to your Facebook, Twitter, Blog, or any social media site. In this way, we will be motivated to write articles you like.
--- NOTICE ---
If you want to use this article or any of the content of this website, please credit our website (www.affordablecebu.com) and mention the source link (URL) of the content, images, videos or other media of our website.
"Bangko Sentral ng Pilipinas (BSP) Revised Definition of Socialized and Low-Cost Housing" was written by Mary under the Banking category. It has been read 4321 times and generated 1 comments. The article was created on 14 June 2011 and updated on 14 June 2011.
|
