SECTION 1
Declaration of Policy
SECTION 1. Declaration of Policy. It is hereby declared a policy of the State to encourage private sector participation in low cost housing and finance through joint ventures or built operate and transfer schemes.
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Administrative Order No. 245
Administrative Order No. 245
ADMINISTRATIVE ORDER NO. 245 DECLARING IT A POLICY OF THE STATE TO ENCOURAGE PRIVATE SECTOR PARTICIPATION IN LOW COST HOUSING THROUGH JOINT VENTURES AND BUILD OPERATE AND TRANSFER SCHEMES
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SEC. 2
Mandate of Coordinating Bodies
SEC. 2. Mandate of Coordinating Bodies. Pursuant to Section 1 of Executive Order No. 90, the mandate of the National Housing Authority, National Home Mortgage Finance Corporation, Housing and Land Use Regulatory Board and the Home Financing Corporation to encourage and assist private developers in undertaking low cost housing projects is reiterated and reemphasized.
SEC. 3
Guidelines
SEC. 3. Guidelines. Private developers undertaking low cost housing projects through joint venture or build operate and transfer schemes shall be guided by the provisions of Republic Act No. 6957 as amended by Republic Act No. 7718, on the financing, construction, operation and maintenance of infrastructure projects by the private sector.
SEC. 4
Separability
SEC. 4. Separability. If any provision of this Administrative Order is declared unconstitutional, the remaining provisions shall remain in force.
SEC. 5
Repealing Clause
SEC. 5. Repealing Clause. All laws, orders, issuances, rules and regulations or parts thereof inconsistent with this Administrative Order are hereby repealed or modified accordingly.
SEC. 6
Effectivity
SEC. 6. Effectivity. This Administrative Order shall take effect immediately. Done in the City of Manila, this 23 rd day of January, in the year of Our Lord, Nineteen Hundred and Ninety-Six. (Sgd.) FIDEL V. RAMOS President of the Philippines By the President: (Sgd.) RUBEN D. TORRES Executive Secretary