Compliance issues with revised rules requiring the completion of one year of all projects registered with the Housing and Land Use Regulatory Board (HLURB), will be tackled on March 11 at the Organization of Socialized and Economic Housing Developers of the Philippines (OSHDP) forum in Baguio City.
To be held at the Azalea Hotel and Residences, the event is open to interested stakeholders involved not only in residential projects, but also in commercial, farm lot, and industrial subdivision projects. All are required to be registered with HLURB.
Atty. Antonio M. Bernardo, HLURB commissioner and chief executive officer, has been invited as the resource speaker, said John Bryan Vital, OSHDP director and in-charge of business meetings.
George Richard F. Siton, OSHDP president, cited that the revised rules, contained in HLURB Board Res. 926, and implemented by Memorandum Circular No. 03, issued last February 14, will allow on-going projects to apply within ninety (90) days to develop and complete such projects, as a transitory provision.
Unlike the previous policy of allowing developers to apply for extension of time to complete the projects every year, the amended rules will fix the time of completion based on the developer’s approved program of development, Siton said.
Christopher Ryan T. Tan, OSHDP chairman, added that the forum coincides with the OSHDP’s chapter formation in Northern Luzon, and is part of the OSHDP’s service to its members and other real estate industry stakeholders.
The OSHDP Secretariat can be reached at (02) 721-0039; (02) 994-8092; (02) 997-5705 (telefax) or via e-mail: [email protected]