5 days ago
Marcos inks law extending NHA's corporate term, rationalizing its powers
President Ferdinand ''Bongbong'' Marcos Jr. has signed into law the measure strengthening the National Housing Authority by extending its corporate term and rationalizing its powers.
Republic Act No. 12216 also repealed Presidential Decree No. 757, series of 1975. Under the new law, the NHA shall continue to exist as a corporate body in which it shall develop and implement a comprehensive, integrated, and affordable housing programs.
The law extending the corporate term of NHA for another 25 years beginning July 31, 2025 was signed on May 29, 2025.
Under the administrative supervision of the Department of Human Settlement and Urban Development (DHSUD), the NHA's authorized capitalization shall be increased from P5 billion to P10 billion.
The NHA shall exercise the power of succession, to sue and be sued, and to adopt and use a seal which shall be judicially noticed; and it shall also acquire property rights and interests, and encumber or otherwise dispose the same, as it may deem appropriate.
Under the new law, the agency is also tasked to develop and maintain a database and census of families and households along waterways, in danger areas, government infrastructure project sites, and government-owned lands in Metro Manila and all regions across the country.
It must also establish a socialized and low-cost housing loan restructuring and condonation program, subject to the terms and conditions as the Board of Directors may prescribe.
It was also stated that nothing in this Act shall operate to abolish the Authority and affect the validity or legality of any right, duty, or obligation created by or in respect of the Authority prior to the effectivity of this Act.
Further, the NHA shall continue to assume all rights, obligations, and liabilities that it had during the effectivity of its original charter.
The DHSUD, meanwhile, shall cause the Board to deliberate and reach agreements on the reorganization of the Authority, pursuant to Republic Act No. 11201, especially with regard to the mandates of the Authority and its relations to other key shelter agencies (KSAs) and local government units. —AOL, GMA Integrated News
