Land under terminated project and litigation
National Housing Authority · 2024
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe agency has land that can't be used because of location problems, and some projects are tied up in lawsuits.
Why It Matters
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Original Audit Finding Excerpt
"The account also includes the cost of land amounting to P618.708 million under a terminated project due to geographical location issues, as well as projects under court litigation amounting to P24.340 million, which have encumbrances and legal claims attached to the land titles."