Definition of housing packages

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MAYNILA, PILIPINAS

SUPERVISION AND EXAMINATION SECTOR OFFICE OF THE DEPUTY GOVERNOR

CIRCULAR LETTER

Series of 2002

To: All Concerned

21, 2002, the Housing and Urban Development Coordinating Council has revised the definition of housing packages which shall be adjusted as foliows: Pursuant to agreements reached during its 6oth meeting held on October

Housing_Packages Loan Ceiling

Low-cost Socialized Level 1 Level 2 Php 500,000 to Php 2 million Php 225,000 and below Php 225,000 to Php 500,000

that all unused agri-agra allocation funds from banks in the preceding year shall million as eligible for the rediscounting facility of the Bangko Sentral Ng Pilipinas, expanding eligibility of banks to Section 11b and 11c of R.A: 7835 which provides be invested in socialized and low-cost housing and allowing ioans up to P2.o respectively The inclusion of level 2 under tow-cost packages is for purposes of

For guidance.

Nestor a. eSPenilla Sector-n-Charge

November J, 2002

ITAGUYOD ANG PHILIPPINES 2OOO MAG-IMPOK SA BANGKO