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Returning to the first Resolution No. 737, what is the reason for allowing developers from entering joint venture projects for complying with the 20% requirement of RA 7279?

April 26, 2017developers entering Joint Projects resolution returning venture

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Returning to the first Resolution No. 737, what is the reason for allowing developers from entering joint venture projects for complying with the 20% requirement of RA 7279?

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Previously, only the NHA and local government units and agencies have been allowed to enter into joint venture agreements with developers complying with the 20% requirement but in line with the government policy of greater private sector participation on the government’s housing program, it is already allowed for developers to enter into joint venture projects on socialized housing.