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Google OCR of QC Socialized Housing Program

Republic of the Philippines HOUSE OF REPRESENTATIVES Quezon City
‘ THIRTEENTH CONGRESS
1“ Regular Sessipn
House Bill N0. 2 4 1
Introduced by RODRIGUH D. DADIVAS
Explanatory Note
The lack of decent and affordable housing facilities remains to be one of the most pervasive sooio-economic problems that our government needs to confront. At present, there are more than 60% of Filipino households belong to the poverty threshold or whose family income is below P14,000.00 a month. These people do not have a home to cali their own not because they don’t need it but the unavailabiiity of affordabie housing units that prevented them from having one. Furthermore, if there are housing programs available, its loan mechanisms are still not proportion insofar as the income of these more than 60% Filipino househoids.
This biii seeks to establish a mechanism that would provide low-cost housing loan restructuring program. It provides ince
Under this bill, all penalties and surcharges will be condoned upon approval of the application, provided, that all accrued interests shall be added to the remaining balance of the principal, the aggregate of which shall be considered as the new principal amount.
There are other pmvisions under this biii that wouid make housing loan facilities avaiiabie jqmhgpoor Fiiipinos.
P
In lightfof the foregoing approval of this om is eamestly sought.

Republic of the Phiiippines HOUSE OF REPRESENTATIVES Quezon City
THIRTEENTH CONGRESS 1* Regular Session
241
HOUSE Bill NO.
Introduced by RODRIGUEZ D. DADIVAS
J77 7 777“ 7 WW- W77 H 777 777 “7
TO ESTABLISH A sOc|ALlzEO ANO LOW-COST HOUSING LOAN RI’-:sTRuO1’uRmO PROGRAM, PROVIDING THE MECHANISMS THEREFOR, ANO FOR OTHER PURPOSES
Be .1 enacted by the Senate and the House of Representatives of the Phmppines in Congress assembled:
Section 1. Title. – This Act shall be known as “Socialized and Low-Cost Housing Loan Restructuring Act of2004.”
Sec. 2. Restructuring of Delinquent Socialized and Low-Cost Housing Loan Accounts. — In keeping with the Constitutionai mandate for the State to undertake a continuing program of urban land reform and housing that will make avaiiabie at affordable cost decent housing and basic services, ‘there is hereby established a Socialized and Low-Cost Housing Loan Restructuring Program. Under this program:
a) For three (3) years from the effectivity of this Act, aii socialized housing ioans or loans amounting to Two Hundred Twenty Five Thousand Pesos (P225,000.D0) and beiow, and all low-cost housing loans or ioans amounting to over Two Hundred Twenty Five Thousand Pesos (P225,0D0.00) but not exceeding Five Hundred Thousand Pesos (P500,000.00) with any of the govemment financing institutions and agencies involved in the National Shelter Program (NSP), inciuding but not iimited to, the Government Service insurance System (GSIS), Social Security System (sss), Home Development Mutual Fund (HDMF), National Home Mortgage Finance corporation (NHMFC), Home Guaranty Corporation (HGC), and the National Housing Authority (NHA) that have at ieast a six-month unpaid monthly amortization area hereby declared covered by the benefits of this restructuring program notwithstanding that the same account has availed of the benefits of a previous restructuring or condonation program and even if the annual total family income of the borrower-applicant exceeds Three Hundred Thousand Pesos (30Ei,0O0.00);
b) An applicant for restructuring shall only be charged a processing fee which shall be lower than those charged under previous restructuring or conolonation programs and no down payment shall be required for a borrower to apply for the benefits of this restructuring program;
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o) Ail penalties and surcharges shaii be condoned upon approval of the application under this Act: Provided, that aii accmed interests shall be added to the remaining balance of the principal, the aggregate of which shaii be considered as the new prinoipai amount; d) A borrower-appiicant may be aiiowed to use the totai accumulated value of hislher membership contribution or savings with the GSlS, SSS, or HDMF to pay in fuil or in part hismer housing ioan;
e) The term of a housing loan account being appiied for restructuring may be extended for a period longer than its original tenn in order to lower the amount of the monthly amortization to a maximum of One Thousand Five Hundred (P‘l,500.00) for a period of three (3) years from the approval of the application, after which, the monthly amortization will revert back to its original amount. The unservioed portion ensuing from the three~year towered monthly amortization shaii be paid on the last year of the term of the housing loan along with the last monthly amortization. in the event that the borrower fails to pay any amortization during the three-year period, helshe shall voluntarily surrender his-‘her property without need of judicial proceedings;
f) In case of incapacity of a borrower, hisfner heirs and successors-in interest may assume payment of hisiher outstanding housing loan; and
g) Loan restructuring under this Act may be availed only once.
AI! corresponding penalties and surcharges with NHMFC may have to pay its funders as a resuit of the implementation of this Act shalt be automatically adjusted and condoned.
Sac. 3. Exclusion from Coverage. – In no instance shall the following housing loan accounts be covered by this Act:
a) Any account without a single payment since takeout;
b) An account whose housing unit has been abandoned by the borrower
cwner for more than two (2) years;
c) An account whose housing unit has remained unoccupied for a period of
at least two (2) years; d) An account whose housing unit is occupied by a third party other than the
original registered beneficiaiy; and
e) An account that has been foreclosed, the title of which has already been consoiidatedltransferred in the name of the govemment financing institution.
Sec. 4. Declaration of Dividends. – The declaration ofdividends of the funds managed by the GSIS, sss, and HDMF shall be limited to their members who have not avaiied ofthe restructuring program under this Act
Sec. 5. Contribution of Government Financing Institutions to the National Shelter Program. — The contribution of the govemrnent financing institutions to the NSP shall be limited to the net eamings derived from their housing programs.
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Sec. S. Incentive for Prompt Payment of Monthly Amortization. — Upon the effectivity of this Act, all accounts whose monthly amorlizations are paid on time shall be entitled to a reasonable discount on loan interest.
Sec. 7. Applicability on Delinquent Accounts Due to Defective Housing Units. – This Act shaii likewise apply to borrowers who faiiecl or refused to pay their monthly amortizations due to structurally defective or substandard housing units andior subdivisions lacking in basic amenities such as water, light, drainage, good roads, and others and as required by iaw.
Sec. 8. implementing Rules and Regulations. – There is hereby created an inter-agency committee headed by the Housing and Urban Development Coordinating Council and composed of all govemment institutions and agencies enumerated in Section 2 hereof tasked to promulgate the implementing rules and regulations within sixty (60) days from the effectivity of this Act.
Sec. s. Congressional Oversight Committee. – There is hereby created a Congressional Oversight Committee composed of the Chairman of the House Committee on Urban Planning, Housing and Resettlement, five (5) members of the Senate and six (6) members of the House of Representatives. The members from the Senate shall be appointed by the Senate President from among the members of the Senate Committee on Urban Planning, Housing and Resettlement based on the proportional representation of the parties or coalitions therein. The members from the House of Representatives shali be appointed by the Speaker from among the members of the House Committee on Housing and Urban Development based on the proportionai representation of the parties or coalitions therein.
The Oversight Committee shall review and approve the Implementing Rules and Regulations. it shall also review the performance of the gcvemment financing institutions and agencies involved in the implementation of this Act.
Sec. 10. Repealing Clause. Ail laws, executive orders, rules or reguiations, or any part thereof, inconsistent with any provisions of this Act are hereby repealed or modified accordingly.
Sec. 11. Effiectivlty Clause. This Act shail take elfect fifteen (15) days after its complete pubiication in the Officiai Gazette or in at least two (2) national newspapers ofgenerai circulation.

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Message To Humanity: The Time is Now – The Revolution Is Coming!


A revolution is coming to America.. Not Just America but the World, people are waking up and finally realising how the world works and that their rights as free human beings are slowly being taken away from them..
The 99% are rising up!
——————————————————————————-
As we gather together in solidarity to express a feeling of mass injustice, we must not lose
sight of what brought us together. We write so that all people who feel wronged by the corporate forces of the world can know that we are your allies. As one people, united, we acknowledge the reality: that the future of the human race requires the cooperation of its members; that our system must protect our rights, and upon
corruption of that system, it is up to the individuals to protect their own rights, and
those of their neighbors; that a democratic government derives its just power from the
people, but corporations do not seek consent to extract wealth from the people and the
Earth; and that no true democracy is attainable when the process is determined by economic
power.
We come to you at a time when corporations, which place profit over people, self-interest
over justice, and oppression over equality, run our governments. We have peaceably assembled
here, as is our right, to let these facts be known.
They have taken our houses through an illegal foreclosure process, despite not having the original mortgage. They have taken bailouts from taxpayers with impunity, and continue to give Executives exorbitant bonuses.
They have perpetuated inequality and discrimination in the workplace based on age, the color of one’s skin, sex, gender identity and sexual orientation.
They have poisoned the food supply through negligence, and undermined the farming system
through monopolization. They have profited off of the torture, confinement,and cruel treatment of countless animals, and actively hide these practices.They have continuously sought to strip employees of the right to negotiate for better pay andsafer working conditions. They have held students hostage with tens
of thousands of dollars of debt on education, which is itself a human right.They have consistently outsourced labor and used that outsourcing as leverage to cut workers’healthcare and pay. They have influenced the courts to achievethe same rights as people, with none of the culpability or responsibility.
They have spent millions of dollars on legal teams that look for ways to get them out of contracts in regards to health insurance. They have sold our privacy as a commodity.They have used the military and police force to prevent freedom of the press. They have deliberately declined to recall faulty products endangering lives in pursuit of profit. They determine economic policy, despite the catastrophic failures their policies have produced and continue to produce. They have donated large sums of money to politicians, who are responsible for regulating them. They continue to block alternate forms of energy to keep us dependent on oil. They continue to block generic forms of medicine that could save people’s lives or provide relief in order to protect investments that have already turned a substantial profit.They have purposely covered up oil spills, accidents, faulty bookkeeping, and inactive ingredients in pursuit of profit.
They purposefully keep people misinformed and fearful through their control of the media. They have accepted private contracts to murder prisoners even when presented with serious doubts about their guilt.They have perpetuated colonialism at home and abroad. They have participated in the torture and murder of innocent civilians overseas.They continue to create weapons of mass destruction in order to receive government contracts. To the people of the world, we, the New York City General Assembly occupying Wall Street in Liberty Square, urge you to assert your power.Exercise your right to peaceably assemble; occupy public space; create a process to address the problems we face, and generate solutions accessible to everyone.
To all communities that take action and form groups in the spirit of direct democracy,we offer support, documentation, and all of the resources at our disposal.
Join us and make your voices heard!
The statement issued from Zuccotti Park, by the general assembly, at Occupy Wall Street.

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TED:: Hans Rosling 7 Billion

Are we part of the bottom 2 billion?
The middle 3 billion?
The emerging 1 billion?
The developed 1 billion?
definitely not the developed? dare i say emerging? maybe at least the middle , I hope not the bottom.

watch the TED talk.

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rePost::I am a programmer | jacquesmattheij.com

It is probably best to strive for a balance between job satisfaction and pay, and not to worry too much about the titles. Worry about whether or not your work brings you pride, whether it is interesting, and whether it brings a smile to your face when you think about it, or when you tell others about it. About whether or not what you do is meaningful and whether it affects peoples lives in a positive way. If you do feel that your title is a major factor in how much you earn or are appreciated you may want to ask yourself if you’re working in the right place and on the right stuff to begin with.
Pay is important, but above a certain level you’ll find that job satisfaction is literally priceless.
I am a programmer. And I’m proud of that.
via I am a programmer | jacquesmattheij.com.

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QOTD:: The biggest risk….::Facebook’s Zuckerberg: If I Were Starting A Company Now, I Would Have Stayed In Boston | TechCrunch

As for what Facebook’s future is, Zuck shed some light on his vision for the network. “I think the story that we look back will be the apps and things that are built on top of Facebook. The past five years have been about being connecting people and the next five to ten years are about what are all the things that can be built now that these connections are in place.”
And I’ll leave you with one of Zuck’s more memorable quotes from the talk, “The biggest risk is not taking any risk…In a world that changing really quickly, the only strategy that is guaranteed to fail is not taking risks.”
via Facebook’s Zuckerberg: If I Were Starting A Company Now, I Would Have Stayed In Boston | TechCrunch.

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Scary (For Scott Brown) Photo Of Elizabeth Warren Volunteer Meeting Goes Viral | Mediaite

I see Obama a Luke and Warren as Leia although in this timeline Luke succumb to the dark side!
Can’t think of anywhere else but the Daily Show that this would happen!

Update: This afternoon, Elizabeth Warren sent an email to supporters that included the photo, with the subject line “There’s something happening here.” Here’s the full text of Warren’s email:
Tommy,
There’s something happening here in Massachusetts.
I see it as I travel across our state, meeting hard-working men and women who know that the deck has been stacked against them for far too long, people who just want a fair shake again — and want leaders in Washington who will fight for them.
Just take a look at this photo I took from the stage in Framingham Tuesday night — a packed house and tons of enthusiasm for our campaign’s first volunteer organizing meeting:
This is what a real grassroots campaign looks like: A campaign not accountable to Wall Street and its armies of corporate lobbyists, but to working families in Framingham, in Springfield, across the Commonwealth, and around the country who know that we can — and must — do better.
The early days of this campaign have been so inspiring, and I’m glad that you’re a part of it. But we have so much work to do, so many powerful interests lining up against us, and we have to keep the momentum going.
Click here to share this inspiring photo with your friends on Facebook, or post it on Twitter. Show everyone you know the energy of our grassroots movement for the middle class — and invite them to join us.
Together, we can make sure that working families in Massachusetts and across America have a chance to get ahead again. But to do it, we need to keep our grassroots campaign growing strong over the weeks and months ahead.
Thank you for being a part of this,
Elizabeth
via Scary (For Scott Brown) Photo Of Elizabeth Warren Volunteer Meeting Goes Viral | Mediaite.

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Elizabeth Warren Class Warfare Video | Mediaite

While right-of-center critics might be quick to dismiss her anti-deficit rhetoric as more “blame Bush,” it’s Warren’s comments on the so-called “class warfare” that are resonating the most among progressives (transcript below via TheBlaze):
“I hear all this, you know, ‘Well, this is class warfare, this is whatever. No. There is nobody in this country who got rich on his own — nobody.
“You built a factory out there? Good for you. But I want to be clear. You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate. You were safe in your factory because of police-forces and fire-forces that the rest of us paid for. You didn’t have to worry that marauding bands would come and seize everything at your factory — and hire someone to protect against this — because of the work the rest of us did.
“Now look, you built a factory and it turned into something terrific, or a great idea. God bless — keep a big hunk of it. But part of the underlying social contract is, you take a hunk of that and pay forward for the next kid who comes along.”
“Social contract” is a phrase that should resonate across the the political spectrum, as it takes the onus of constructive behavior on the individual and away from the perceived “victimization” angle that riles the conservatives so much.
via Elizabeth Warren Class Warfare Video | Mediaite.

this one is inspired by vince the tapa prince! thanks for the pizza!

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Sa ngalan ng Ina: Best of the year, arguably | BusinessWorld Online Edition

Television is reportedly a writer’s medium, and the aforementioned writers did an astonishing job, telling the story of around a dozen characters over a period of several months (not an especially wide scope, but the level of detail involved is intimidating); it helps that O’Hara doesn’t attend the story conferences developing the plot lines but does rewrite the script when it arrives on the set, helping keep the dialogue effective and real (or as real as possible within the confines of melodrama). All that said, the two directors helming the project do an amazing job of keeping the series visually distinct. O’Hara’s classic style (John Ford by way of Gerardo de Leon) makes for an interesting contrast against Red’s young-punk style (Leone by way of Johnny To, I’m guessing, with the occasional homage to Paul Greengrass). Red deals mainly with the younger cast, and his restless, flashy camera reflects their restless, flashy acting style; O’Hara’s stoic understatement, on the other hand, perfectly complements Aunor and De Leon — in their scenes together you sense a serenity and quiet intimacy that comes from years of having known each other, worked with each other, at one point even loved one another.
Best television you’re likely to see this year? I don’t know; I haven’t had a chance to watch much Filipino TV (asking around, people do tell me it is). I can say this much: it’s the best storytelling I’ve seen this year to date, and that includes everything released this year on the big screen — Hollywood, independent, international.
The series continues for one more week in October at TV5; the previous episodes are available for online streaming (there are roughly 10 episodes to catch up with). If you’re at all interested in what Aunor or O’Hara (arguably the two finest Filipino artists alive, in their first major collaboration in over twenty years) are up to, or if you only want some sharp and intelligent storytelling — in this case an imaginatively entertaining retelling of our history of the past three decades — you could do worse than to watch this. Highly recommended.
via Sa ngalan ng Ina: Best of the year, arguably | BusinessWorld Online Edition.

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Passion Versus Professionalism :: Gamasutra – Features – The Designer's Notebook:

They’re not mutually exclusive qualities, of course. One of the best examples of passion combined with professionalism was Vincent Van Gogh. There’s a lot of shallow psychoanalyzing about Van Gogh — “his paintings are so distinctive because he was mad,” and so forth.
But Van Gogh was no naïve artist operating on raw talent and passion alone. If you read his letters, you discover that he was a well-educated scholar of art, much influenced by the ideas of others.
His passion kept him going when nobody would buy his works, but it was his professionalism — his endless desire to learn more and do better, that exploited his talent to its fullest. Van Gogh’s early works didn’t amount to much. It was his growth as a serious, thoughtful, professional artist that turned him into what he became.
In fact, his bouts of madness had nothing to do with it; they disturbed his thinking and prevented him from painting. If anything, his work is all the more impressive because he was able to do it in spite of, not because of, his illness.
It’s time for a moratorium on recruitment ads that demand passion. It sounds cool, but ultimately, it’s meaningless except as an excuse for demanding long hours and offering poor benefits. By itself, it’s not much use to development companies, either.
Passion is no guarantee of talent or even basic competence. Ability, pride, discipline, integrity, dedication, organization, communication, and social skills are much more useful to an employer than passion is. And they’re more useful to you, too.
via Gamasutra – Features – The Designer’s Notebook: Passion Versus Professionalism.