Legislative History
| House Bill/Resolution NO. HB03837 | |
| FULL TITLE : AN ACT ESTABLISHING A UNIFIED HOUSING AND URBAN DEVELOPMENT FUND AND A CENTRALIZED HOME FINANCING PROGRAM, AMENDING FOR THE PURPOSE REPUBLIC ACT NO. 7835, OTHERWISE KNOWN AS THE "COMPREHENSIVE AND INTEGRATED SHELTER FINANCING ACT (CISFA) OF 1994" | |
| ABSTRACT : Seeks to amend key provisions of RA 7835 or the Comprehensive and Integrated Shelter Finance Act (CISFA) of 1994 to establish, among others, a Unified Housing and Urban Development Fund to make long-term and affordable financing for housing purposes accessible for qualified low-income earners in need of a home of their own even they are not members of the SSS, GSIS of the Pag-IBIG Fund.Further aims to establish a Centralized Home Financing Program that shall be sourced out by tapping key fund sources already been identified by law: among them, RA 7835 or CISFA, RA8282 or the amended SSS charter, RA8291 of the amended GSIS Charter and RA9679 of the new Pag-IBIG Fund Charter. | |
| ALIAS NAME : "CISFA Amendments of 2017." | |
| PRINCIPAL AUTHOR/S : ROMUALDEZ, FERDINAND MARTIN G. | |
| DATE FILED : 2019-08-13 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Olivarez (000 2019-11-18) | 2. Benitez (000 2020-02-11) |
| 3. Villanueva (E.) (000 2022-01-25) | 4. Rivera (000 2022-01-25) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON HOUSING AND URBAN DEVELOPMENT ON 2019-08-20 |
Abstract
Seeks to amend key provisions of RA 7835 or the Comprehensive and Integrated Shelter Finance Act (CISFA) of 1994 to establish, among others, a Unified Housing and Urban Development Fund to make long-term and affordable financing for housing purposes accessible for qualified low-income earners in need of a home of their own even they are not members of the SSS, GSIS of the Pag-IBIG Fund.Further aims to establish a Centralized Home Financing Program that shall be sourced out by tapping key fund sources already been identified by law: among them, RA 7835 or CISFA, RA8282 or the amended SSS charter, RA8291 of the amended GSIS Charter and RA9679 of the new Pag-IBIG Fund Charter.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.