Missing Homeowners Association certification for 11 suspended CBIA projects
National Housing Authority · 2023
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What Happened?
Category: ComplianceIssue: Non-complianceEleven suspended housing projects did not have the required homeowners association certificate, violating the specific guideline that mandates such certification.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"In addition, 11 suspended CBIA projects, namely, Camp Magsaysay Place, Casa San Miguel, Mt. Arayat Residences, Hyacinth Residence, Kristoffee Heights 1&2, Naic View Residences, Our Lady of Mt. Carmel Ville, Parkstone Estates, Masskara Village, and Vista Alegre Homes, have no Certificate of Incorporation for Homeowners Association (HOA), contrary to Section 4.1.1 a of NHA MC No. 2021-027 (2021 Omnibus Guidelines for Financing the Acquisition of Developed Lots and Completed Housing Units Through CBIA) which states that CAs shall provide NHA and the Landowner/Developer/Contractor with information on its membership, registration, and other related data."