NHA's program with SSS for dormitories and apartments was not managed well, causing financial losses, extra costs, and risk of losing properties.

Why It Matters

Recommended Actions

• Exercise the rights and interest over the foreclosed properties by: immediately resolving the resettlement of the illegal occupants of the properties, prioritizing the settlers occupying buildings found to be deteriorating in order to prevent loss of life and further damages to NHA’s image in delivering its mandates
• Instituting foreclosure proceedings for accounts under SSS
• And exploring opportunities to generate income from the foreclosed properties.

Original Audit Finding Excerpt

"Agency Action Plan Reason for i ji i i Target Implementation Partial/Delay/ Ref. Audit Observations Audit Recommendations Action Plan Person/Deot, ral Date entatio! Status of Non- Action Taken/Action to be Responsible Implementation implementation, Taken From To if applicable and actual collection which Diveion refer to. the mentioned may mislead its users. Further, Observation for updates. NHA has low coilection efficiency of 23 per cent out of | a. Considering the significant | AMD constantly Implemented There is a separate monitoring the total outstanding | number of the accounts with | ensures strict teport on Problem Accounts. receivables for residential and | issues that were deducted from | enforcement of the The Consolidated Attached is the Summary of commercial property | the projected total amount due | Collection Work Collection Accounts with issues deducted amounting to P18.308 billion | and target collection: Program Guidelines Evaluation Reports from Total Amount Due bas"

Source Document