Lawmakers are pushing for the extension of the rental regulation and the adjustment of the coverage and rates of increases on rent, as provided under the Rental Control Act of 2009, to protect housing tenants in the lower income brackets and other beneficiaries from unreasonable increases.
Abang Lingkod Party-list Representative Joseph Stephen Paduano, Akbayan Party-list Rep. Ibarra Gutierrez, III, and Quezon City Rep. Winston Castelo gave in to the recommendation of the Housing and Urban Development Coordinating Council (HUDCC) to extend the rental regulation for two years, beginning January 1, 2016.
They explained that Republic Act 9653, the Rental Control Act, which was enacted in July, 2009 encourages affordable housing, in particular rental housing.
Agreeing with the HUDCC’s recommendations, they said the rental regulation for the period shall use the inflation rate for 2014 of 4.1 percent as the basis for any adjustment.
RA 9653 mandates the use of the inflation rate on rentals of the immediately preceding year in determining the new rental ceiling and that the average inflation rate on rentals for 2014 was pegged at 4.1 percent.
“The rent for any residential unit for as long as occupied by the same lessee, shall not be increased by more than 4 percent for those with a monthly rental of P1,000 to P3,999 and not more than 7 percent for those with a monthly rental of P4,000 to P10,000,” the lawmakers said.
Before leading the Department of Interior and Local Government (DILG), former Western Samar Rep. Mel Senen Sarmiento also pushed for the extension of rental regulation.
As provided under the law, the HUDCC is mandated to submit to Congress its recommendation on whether a continuing regulation is necessary or deregulation is already warranted.
“The HUDCC and its attached agencies, in the case of deregulation, to formulate and implement a two-year transition program which will provide safeguards that will cushion the impact of a regulation-free rental housing market,” the lawmakers said in filing House Resolution 2359.
They noted that the complete study submitted by the Philippine Statistical Research and Training Institute (PSRTI) to the HUDCC revealed that based on the Family Income and Expenditure Survey Conducted by the National Statistics Office for 2012, 1.54 million families or 7.2 percent of the 21.48 million households in the country were renting.
“A total of 1,274,788 families or 82.5 percent of the 1.54 million renting families paid a monthly rent of less than P4,000, and of those renting less than P4,000 per month, 124,742 families or 8 percent of the total renters belonged to the first and third income deciles,” they pointed out.
RA 9653 declared a moratorium in any rental increase from time of its enactment through December 31,2009 and limited to not more than seven percent the allowable rental increase from January 1,2010 to December 31,2013 for all residential units in the National Capital Region (NCR) and other highly urbanized areas with a rental rangng from P1,000 to P10,000 and residential units in all other areas with a rental ranging from P1,000 to P5,000.
The HUDCC adopted a resolution extending rental regulation until December 31, 2015 on status quo rates.
by Charissa Luci/http://www.mb.com.ph
Abang Lingkod Party-list Representative Joseph Stephen Paduano, Akbayan Party-list Rep. Ibarra Gutierrez, III, and Quezon City Rep. Winston Castelo gave in to the recommendation of the Housing and Urban Development Coordinating Council (HUDCC) to extend the rental regulation for two years, beginning January 1, 2016.
They explained that Republic Act 9653, the Rental Control Act, which was enacted in July, 2009 encourages affordable housing, in particular rental housing.
Agreeing with the HUDCC’s recommendations, they said the rental regulation for the period shall use the inflation rate for 2014 of 4.1 percent as the basis for any adjustment.
RA 9653 mandates the use of the inflation rate on rentals of the immediately preceding year in determining the new rental ceiling and that the average inflation rate on rentals for 2014 was pegged at 4.1 percent.
“The rent for any residential unit for as long as occupied by the same lessee, shall not be increased by more than 4 percent for those with a monthly rental of P1,000 to P3,999 and not more than 7 percent for those with a monthly rental of P4,000 to P10,000,” the lawmakers said.
Before leading the Department of Interior and Local Government (DILG), former Western Samar Rep. Mel Senen Sarmiento also pushed for the extension of rental regulation.
As provided under the law, the HUDCC is mandated to submit to Congress its recommendation on whether a continuing regulation is necessary or deregulation is already warranted.
“The HUDCC and its attached agencies, in the case of deregulation, to formulate and implement a two-year transition program which will provide safeguards that will cushion the impact of a regulation-free rental housing market,” the lawmakers said in filing House Resolution 2359.
They noted that the complete study submitted by the Philippine Statistical Research and Training Institute (PSRTI) to the HUDCC revealed that based on the Family Income and Expenditure Survey Conducted by the National Statistics Office for 2012, 1.54 million families or 7.2 percent of the 21.48 million households in the country were renting.
“A total of 1,274,788 families or 82.5 percent of the 1.54 million renting families paid a monthly rent of less than P4,000, and of those renting less than P4,000 per month, 124,742 families or 8 percent of the total renters belonged to the first and third income deciles,” they pointed out.
RA 9653 declared a moratorium in any rental increase from time of its enactment through December 31,2009 and limited to not more than seven percent the allowable rental increase from January 1,2010 to December 31,2013 for all residential units in the National Capital Region (NCR) and other highly urbanized areas with a rental rangng from P1,000 to P10,000 and residential units in all other areas with a rental ranging from P1,000 to P5,000.
The HUDCC adopted a resolution extending rental regulation until December 31, 2015 on status quo rates.
by Charissa Luci/http://www.mb.com.ph
RSS Feed
