Quoted hereunder is HLURB Board Resolution No. R-836^* , Series of 2009, Requiring Joint Ventures with the Local Government Units in Compliance to Section 18 of RA 7279 to Put Up a Minimum Level of Development Prior to the Issuance of License to Sell in Accordance with Board Resolution No. 830, S. of 2008, which was approved by the Board on 26 March 2009:

WHEREAS, Section 18 of RA 7279 mandates the developer of a subdivision project to develop an area equivalent to twenty percent (20%) for socialized housing;

WHEREAS, one of the modes of compliance to Section 18 of RA 7279 is a joint venture with local government unit;
 
WHEREAS, a minimum level of development is required prior to the issuance of license to sell;

WHEREFORE, RESOLVED as it is hereby RESOLVED that the joint ventures with the Local Government Units (LGUs) in compliance to Section 18 shall be required to put up a minimum level of development prior to the issuance of license in accordance with Board Resolution No. 830, S. of 2008.

APPROVED this 26th day of March 2009.

The above was published in The Philippine Daily Inquirer on 15 May 2009, and, in accordance with the provisions of law, will take effect fifteen (15) days from its date of publication, on 30 May 2009.

Please be guided accordingly.

Adopted: 22 May 2009

(SGD.) ROMULO Q.M. FABUL
Chief Executive Officer and Commissioner