Untransferred Land Title for AFP/PNP Housing
National Housing Authority · 2024
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What Happened?
Category: Financial ManagementIssue: Non-complianceThe land title for a housing project was not transferred to the agency, making it hard to give individual titles to beneficiaries and preventing them from getting Pag-IBIG loans.
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 titles 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."