How true are these statements? anybody care to comment?<\/p>\n
3. Villar passed measures \u201cto make Pag-IBIG Fund contributions compulsory and to increase housing investments with the SSS.\u201d
\n\u201cPag-IBIG is a main source of funding of Speaker Villar\u2019s companies.\u201d
\nHonesty or corruption?
\n4. Villar \u201cincorporated in the landmark Comprehensive and Integrated Shelter Finance Act, Republic Act 7835, the recapitalization of the NHMFC, and the amendment to the Agri-Agra Law to include housing investment.\u201d
\nIt \u201cmandates banks to extend to housing loans not utilized for agriculture and agrarian-reform credit. In other words, loanable funds for agriculture and agrarian credit are to be re-channeled to housing, Speaker Villar\u2019s business.\u201d
\nHonesty or corruption?
\n5. Villar co-authored House Bill 11005, which \u201cincreased the capital of the NHMFC\u201d and is the main source of funding of Speaker Villar\u2019s companies\u2026. President Estrada admitted that the National Home Mortgage and Finance Corp. is at present bankrupt.\u2026 Increasing the capitalization of a bankrupt government financial institution benefited Representative Villar\u2019s housing companies.\u201d
\nHonesty or corruption?
\n6. \u201cAll lands covered by CARP [Comprehensive Agrarian Reform Program] cannot be used for residential, agricultural, industrial or other uses unless a clearance, conversion or exemption for a particular property is first issued by DAR [Department of Agrarian Reform].\u201d
\n\u201cSpeaker Villar\u2019s companies are developing or have developed 5,950 hectares or almost 60,000,000 square meters of CARP land into residential subdivisions without the appropriate DAR issuances that would authorize such lands to be used for residential purposes.\u201d
\nHonesty or corruption?
\n7. \u201cManuela Corp. applied for and was granted a loan of P1 billion by the SSS\u2026. Another P2-billion loan would be syndicated with another government financial institution, the GSIS. Total syndicated loan from the two GFIs: P3 billion.
\n\u201cManuela Corp., a housing and realty corporation, is owned by the family of the wife of Speaker Villar. An indirect financial accommodation.\u201d
\nHonesty or corruption?
\nvia Honesty or Corruption? | Filipino Voices<\/a>.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"How true are these statements? anybody care to comment? 3. Villar passed measures \u201cto make Pag-IBIG Fund contributions compulsory and to increase housing investments with the SSS.\u201d \u201cPag-IBIG is a main source of funding of Speaker Villar\u2019s companies.\u201d Honesty or corruption? 4. Villar \u201cincorporated in the landmark Comprehensive and Integrated Shelter Finance Act, Republic Act … <\/p>\n