A growing number of problematic housing accounts shows that monitoring and collection efforts are insufficient, raising the risk of defaults and unauthorized occupants.

Why It Matters

Recommended Actions

• Management strictly enforce the provisions of PD No. 1472, MC Nos. 2596 and 003, Individual Loan Agreement and Conditional Contract to Sell to address the increasing number of problem issues and past due accounts.

Original Audit Finding Excerpt

"It is the declared policy of the State that all resources of the government shall be managed, expended or utilized in accordance with law and regulations, and safeguard against lost or wastage through illegal or improper disposition, with a view to ensuring efficiency, economy and effectiveness in the operations of government. The responsibility to take care that such policy is faithfully adhered to rests directly with the chief or head of the government agency concerned. (Emphasis ours) Section 2 of EO No. 195 dated December 31, 1999, mandates the NHA to focus on socialized housing through the: a) development and implementation of a comprehensive and integrated housing development and resettlement; b) fast-tracking the determination and development of government lands suitable for housing; and c) ensuring the sustainability of socialized housing funds by improving its collection efficiency, among others. Section 6.1 of COA Circular No. 2016-005 dated December 19, 2016, provides tha"

Source Document