Mass Housing, part of the government's 2017 Investment Priority Plan

5. Mass Housing

This covers the development of mass housing units based on a price ceiling of Php2.0 Million.

This also covers in-city low-cost housing projects for lease.

Except for in-city low-cost housing for lease, only projects located outside Metro Manila may qualify for registration.

1. Economic and Low Cost Housing

   • The following are the qualifications for registration:

     1. The selling price of each housing unit shall be more than Php450,000.00 but not exceeding Php2.0 million;

     2. The project must be located outside Metro Manila;

     3. Minimum of 20 livable dwelling units in a single site or building;

     4. Must be new or expanding economic/low-cost housing project;

     5. For residential condominium projects, at least 51% of the total gross floor area must be devoted to housing units.

     In cases of un-incorporated joint venture and similar arrangements between landowner and developer wherein the sharing scheme is in terms of the number of lots or units built, only the share of the developer may qualify for registration.

     Projects that have already been completed (with HLURB certificate of completion) and have incurred sales of any housing unit prior to the date of Contract to Sell shall not qualify for registration.

     Any of the following may be considered as an expansion project*:*

     • Construction of additional floors or annexes intended for housing units;

     • If the project will locate adjacent or contiguous to an existing housing project owned by the same entity and shall share common facilities including access to the existing project.

     All economic/low-cost housing projects must comply with the socialized housing requirement (SHR) by building socialized housing units in an area equivalent to at least 20% of the total registered project area or total BOI registered project cost for subdivision housing and 20% of the total floor area of qualified saleable housing units for residential condominium projects.

     The SHR compliance may be any or a combination (i.e., cost recoverable and non-recoverable modes) of any of the following modes:

     • Development of a new settlement directly undertaken by the registered entity or affiliate or other related enterprise of the BOI-registered entity;

       • Development of a new settlement through joint venture arrangements with any of the following:

         1. Social Housing Finance Corporation’s (SHFC)Community Mortgage Program (CMP) or High Density Housing (HDH)for in-city, on-site, or near-city socialized housing developments;

         2. Local Government Unit;

         3. Developer or NGO accredited by the HLURB.

     In the case of joint venture projects, the BOI-registered entity shall be required to provide proof of funds transferred or assessed value of the land, where applicable, to the implementing entity.

     • Development of a new settlement through donation of land with basic infrastructure facilities (roads, water system, etc.) and/or construction materials (preferably locally produced) in partnership with relevant LGU, key shelter agency, or with BOI/HLURB-accredited NGO in any of the following:

       • Comprehensive rural community housing development with provisions for social services (e.g., education, healthcare, recreation/sports) and livelihood programs;

     • To benefit families in calamity-stricken or armed conflict areas as declared by relevant government agencies and/or endorsed by HUDCC that housing assistance is extremely needed in the area.

     For residential condominium projects, the amount to be donated shall be equivalent to 30% of (20% of the building construction cost based on the actual number or equivalent total floor area of qualified saleable low cost housing units) or 40% of the estimated ITH. Equivalent total floor area refers to the sum total of the floor area of all the registered low-cost housing units.

     For purposes of ITH availment, compliance with the 20%SHR shall be computed based on the actual units sold during the ITH availment period. Failure to submit proof of compliance shall result to forfeiture of ITH for that particular taxable period.

     Non-compliance with the 20% SHR on previous registrations using the ITH-based Compliance (IBC) shall result in denial of applications for registration for succeeding projects.

     Interest income arising from in-house financing shall not be entitled to ITH.

     Application for registration must be accompanied by a copy of the Development Permit issued by HLURB or concerned LGU.

     Prior to registration, subdivision project applicant must submit copies of License to Sell (LTS) and Certificate of Registration (CoR) issued by HLURB. For condominium projects, applicant may submit a copy of its temporary LTS provided that the copies of the final LTS and CoR shall be submitted prior to start of commercial operation.

   • In-City Low Cost Housing for Lease

     • This covers newly constructed, low to medium-rise and dormitory-type housing projects including those located in Metro Manila.

       The following are the qualifications for registration:

       • Minimum of 20 livable dwelling units for lease in a single building

       • Within 4 kilometer radius from an economic zone, industrial parks/complex or business districts

       • Monthly lease price shall not exceed the threshold of the Rent Control Law (R.A. No. 9653) covering all private residential units with monthly rent of Php10,000.00.

       Only developers shall be entitled to ITH and as such, purchasers of housing units with the intention of leasing out shall not be qualified for registration.

       Registered enterprise shall not be required to comply with the SHR.

   • https://boi.gov.ph/ufaqs/specific-guidelines/#MassHousing