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City of Jloilo
OFFICE OF THE SANGGUNIANG PANLUNGSOD
PRESENT:
HON. JOSE S. ESPINOSA III
City Vice Mayor & Presiding Officer
ABSENT:
WHEREAS, RA 10884 which took effect laqt July 17, 2016 amended
Section 18 of RA 7279, requires that developers of proposed subdivisions shall
develop an area for socialized housing equivalent to at least fifteen percent ( 15%)
of the total subdivision area or total subdivision project cost and at least five
percent (5%) of condominium area or project cost, at the option of the developer,
in accordance with the standards as provided by law;
purchase the land they have been occupying or the land they have
planned to relocate themselves.
f) Iloilo City Urban Poor Affairs Office - office that established the
Social Development Fund by virtue of Regulation Ordinance 2015-407;
/ years.
k) Project cost - refers to the cost of the project based on the current
market value of the raw land plus estimated land estimated development
cost plus estimated housing cost:
o) Trust Fund - fund collected from the Developer's Option of the 15% of
the Project Cost which shall form part of the Social Development Fund;
a. For main subdivision projects which are limited to the sale oflots only:
a.1. Develop a land area equivalent to fifteen (15%) percent of the total
area of the main subdivision project shall be developed for socialized
housing, or
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b. Subdivision projects which venture in to the sale of the house and lot
packages
b.l Develop a land area equivalent to fifteen (15%) percent of the total
area of the subdivision project, or
/ Section 11. Separability Clause - If for any reason any section or provision
of this ordinance or any portion thereof of the application of such section,
provision or portion thereof to any person or developer is declared invalid, illegal
or unconstitutional, the remainder of this ordinance shall remain effective and
operational.
Section 12. Effectivity Clause - This ordinance shall take effect ten (10)
days after its publication in a newspaper of general circulation in the Cities and
Province of lloilo.
UTH H. ARROYi
Seer tary to the Sangg