RESERVING FOR LOW-COST HOUSING PURPOSES CERTAIN PARCELS OF LAND OF THE PRIVATE DOMAIN OF THE GOVERNMENT SITUATED IN THE MUNICIPALITIES OF TALISAY AND MINGLANILLA, PROVINCE OF CEBU.

AN ACT AUTHORIZING THE GOVERNMENT OF THE REPUBLIC OF THE PHILIPPINES, THROUGH THE PEOPLE'S HOMESITE AND HOUSING CORPORATION, TO GUARANTEE NOT MORE THAN FIFTY PER CENT OF THE LOSSES WHICH MAY BE SUSTAINED ON LOANS GRANTED BY BANKS AND CREDIT INSTITUTIONS TO FINANCE HOME CONSTRUCTION AND/OR OWNERSHIP, AND FOR OTHER PURPOSES