developing a residential subdivision by iriskleo

DEVELOPING A RESIDENTIAL SUBDIVISION

cultural…

educational…

educational…

development isGROWTH

in a SUBDIVISION DEVELOPMENT?

What is the

company…

REPUBLIC ACT 7279

WHAT IS THE

?

WHAT IS

THE BEST THING

TO DO?

?What it will cost

Republic Act 7279

It requires the developer of a proposed subdivision project to develop an area for socialized housing project (SHP).

Urban Development and Housing

Act 7279

Examples:

Total project area

20% of 5 hectares = 1 hectare for SHP

Total project cost

20% of a P28 million project = P 5.6 million

This is covered by Sec. 18 of RA 7279

WHAT ARE THE

PROJECTSEXEMPTED

To the RA 7279?

• Projects intended for the underprivileged and homeless and where the selling price of a house and lot package does not exceed P150,000

•Projects with four unit or less

•Projects within a density of 100 units or more per hectare.

Example A

Project area : .15 hectares or 1,500 square meters

No. of saleable lots : 18

Density Formula

= No. of Units Area

= 18.15

= 120 units/hectare

Not covered by Sec. 18 of RA 7279

Example BProject area : 1.5 hectares or 15,000 square metersNo. of saleable lots : 100

Density Formula

=

=

= No. of Units Area

1001.5

67 units/hectare

This is covered by Sec. 18 of RA 7279

30%

70%

Roads, alleys, open spaces,

playground and park

requirements

Maximum saleable area

of the land

Is there any DEVELOPMENTAL

LOAN?

HGC Development Loans

Gives developmental loans for subdivision projects (lot, house and lot) townhouses and other housing projects that consist of not less than twenty dwellings of at least twenty units.

Who protects both the

developers and

homeowners

Homeowners Association

WHAT IS

DEED OF

DONATION?

Deed of Donation

At the option of the developer, he may donate the roads and open spaces to the city or municipality where the project is located.

DEVELOPING A RESIDENTIAL SUBDIVISIONBy: Iris Kleo A. Cantillo