Projects under court litigation with encumbrances
National Housing Authority · 2023
Severity: ModerateRecommendation: Unknown
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe agency has some projects that are being sued in court, and the land titles have claims against them. This means the agency might lose these assets or have to pay more money.
Why It Matters
Recommended Actions
No recommendations are available for this finding yet.
Original Audit Finding Excerpt
"as well as projects under court litigation amounting to P24.340 million, which have encumbrances and legal claims attached to the land titles."