Land title not transferred to NHA for AFP/PNP Housing Project
National Housing Authority · 2023
This summary was generated automatically from the source document and may contain errors. It is not an official interpretation and should not be relied upon as legal guidance. Review the original excerpt and source document to verify before citing or acting on it.
What Happened?
Category: Asset ManagementIssue: Non-complianceThe land for a housing project for military and police personnel was not registered under NHA's name. Because of this, the beneficiaries cannot get their own land titles, and they cannot get loans from Pag-IBIG. This is against the rules.
Why It Matters
Recommended Actions
- Work out on the immediate transfer of the title in the name of NHA and the subsequent transfer to the beneficiaries of the program so as not to impede the approval of their loan with the Pag-IBIG Fund.
Original Audit Finding Excerpt
"The title of the land for the New Armed Forces of the Philippines (AFP)/Philippine National Police (PNP) Housing Project in Barangays Calumpang and Tartaro-Sibul, San Miguel, Bulacan was not transferred to NHA, resulting in difficulty in giving individual title to the beneficiaries and the possibility of not being able to carry out the plan to take out loan arrangement with Pag-IBIG Fund pursuant to the requirement of Section 8.1.3 of the Pag-IBIG Fund Circular No. 396."