Republic Residences Project - beneficiaries not receiving Certificates of Award and irregular payments
National Housing Authority · 2024
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What Happened?
Category: Financial ManagementIssue: IneffectivenessSome people living in the housing project haven't been given their official award documents, and they aren't paying rent, so the agency is losing money.
Why It Matters
Recommended Actions
- Require the developer/contractor to fast-track the completion of repairs under defect warranty period and coordinate with LGU to fast-track the awarding of completed housing projects and settlement of beneficiaries
Original Audit Finding Excerpt
"Twelve accounts associated with the Republic Residences Project have confirmed that they have not yet received Certificates of Award. Despite the fact that the units have been occupied, no payments have been made by the beneficiaries since the respective dates of occupancy. This suggests a potential revenue loss for the project. Moreover, another 12 additional beneficiaries acknowledged that their monthly payments were irregular."