House Approves Bill on Government Housing Loan Restructuring and Condonation
Manila: The House of Representatives on Wednesday approved on third and final reading a measure seeking to establish a socialized and low-cost housing loan restructuring and condonation program. According to Philippines News Agency, with 178 affirmative votes, three negative votes, and zero abstentions, the chamber approved House Bill No. 11202. The bill aims to provide financial relief to beneficiaries of the National Housing Authority (NHA) and Social Housing Finance Corporation by condoning interests and unpaid penalties related to unpaid housing amortizations. San Jose Del Monte City Rep. Florida Robes, author of the bill, noted the low occupancy rate in government