Bill to extend the NHA for another 50 years, tackled in Senate

Bill to extend the NHA for another 50 years, tackled in Senate

By Liza Soriano

MANILA — The Senate Committee on Urban Planning, Housing and Resettlement discussed this Monday the bill that will extend the corporate life of the National Housing Authority (NHA).

The corporate life of NHA is scheduled to end in 2025 after being formed in 1975.

Under the bill, the target is to extend the life of NHA for another 50 years.

During the hearing, Undersecretary Avelino Tolentino III of the Department of Human Settlements and Urban Development (DHSUD) said they are in favor of the bill.

“We would like to note that NHA is an integral part of the housing family. In the last several years it has produced more than 25 percent of housing production for the sector. It also administers many government lands, many government properties, and… employs around 3,000 employees,” Tolentino said.

Tolentino insisted like other GOCCs or government-owned and controlled corporations, the NHA has deficiencies in its operation, but this is not a sufficient reason to let its charter expire.

They also urged to hasten the passage of the proposal because its talented employees who are skilled in housing production might leave.

(ai/mtvn)

Leave a Reply