WHEREAS , the Welfareville property located in the City of Mandaluyong, composed of eighteen (18) parcels of land titled to the national government, has been programmed for disposition under the supervision of a Trustee Committee as authorized under Republic Act No. 5260;

WHEREAS , Executive Order No. 156 dated February 14, 1994, created an Executive Committee to review and recommend to the Trustee Committee a Master Development Plan and the Terms of Reference for the disposition of said property;

WHEREAS , pursuant to said Executive Order No. 156, a Master Development Plan and Terms of Reference covering the development and disposition of the Welfareville property through outright sale and through joint venture development arrangement with the private sector were adopted by the Trustee Committee;

WHEREAS , the said Master Development Plan ( œPlan ) provides for the development of specific areas within the Welfareville property for socialized housing;

WHEREAS , the implementation of the socialized housing component of the Master Development Plan needs to be pursued separately from the areas for sale designated as Phase I and Phase II in the Plan, to be able to address with urgency the growing housing problem in the area; and

WHEREAS , the immediate implementation of the housing component requires the adoption of various approaches, including usufruct arrangements, in the development and-disposition of areas designated for socialized housing.

NOW, THEREFORE, I, GLORIA MACAPAGAL-ARROYO , President of the Republic of the Philippines, by virtue of the powers vested in me by law do hereby order the following:

SECTION 1. Development and Implementation Strategy. - In order to expedite the disposal and development envisioned for the Welfareville property, the separate implementation of the socialized housing component of the Master Development Plan is hereby authorized. For this purpose, the Executive Committee is hereby directed to immediately review the Terms of Reference for the development and disposition of areas for socialized housing and recommend to the Trustee Committee other approaches including usufruct arrangements for the affected families in the area, which shall be implemented by the City of Mandaluyong in close coordination with the National Housing Authority.

SEC. 2. Sources of Funds. The Trustee and Executive Committees shall consider various options, including those that may be identified by the City of Mandaluyong, in financing the implementation of the socialized housing project.

SEC. 3. Coordination by the Executive Committee with Other Government Agencies and Consultation with the Affected Communities . In exercising its powers and performing its functions, the Executive Committee shall coordinate with other appropriate government agencies and conduct consultations with the affected communities.

SEC. 4. Separability Clause . If any provision of this Executive Order is declared invalid, the validity of the other provisions hereof shall not be affected thereby.

SEC. 5. Effectivity. This Executive Order shall take effect immediately.

Done in the City of Manila, this 26th day of October, in the year of Our Lord, two thousand and one.

(SGD.) GLORIA MACAPAGAL-ARROYO

By the President:

(SGD.) ALBERTO G. ROMULO
Executive Secretary