Altissima Enterprises

June 3, 2016 BIR RULING NO. 234-16 RA 7279; RR 11-97; BIR Ruling No. 066-2011; BIR Ruling No. 353-2013 Altissima Enterprises Old National Highway, Macabling Sta. Rosa, Laguna Attention: Roy M. Gonzales Proprietor Gentlemen : This refers to your letter dated November 18, 2014 requesting, on behalf of ALTISSIMA ENTERPRISES, tax exemption on the socialized housing project, Villa Santa Rosa Phase 2 , 1 consisting of 365 housing units located at Brgy. Caingin, Sta. Rosa City, Laguna, pursuant to Republic Act (RA) No. 7279, otherwise known as the "Urban Development and Housing Act of 1992". Based on the documents submitted, it is shown that the National Housing Authority (NHA), as the sole government agency engaged in direct shelter production to provide housing needs of the low and marginalized income families including those living in waterways and danger areas, those affected by calamities, and members of the AFP/PNP, BJMP and BFP, acquired a parcel of land to be developed into a residential project under the Community Initiative Approach Program (CIAP) of the NHA. The subject property is more particularly described as follows: Transfer Certificate of Title No. T-732477 2 "A parcel of Land (Lot 1645-B of the subd. plan Psd-04-209228, being a portion of Lot 1645, Sta. Rosa Estate L.R.C. Rec. No. 38375), . . . containing an area of Twenty Thousand Nine Hundred (20,900) Square Meters." On various dates, Deeds of Absolute of Sale (DOAS) were executed by and between the co-owners and the NHA whereby the former sold to the latter the above described property to be utilized by the NHA for its socialized housing project. Document of Area Sold (sq.m.) Contract Price Transfer Deed of Absolute 1/3 share (6,966.66) in P1,080,000.00 Sale dated April 7, TCT No. T-732477 2015 3 Affidavit of Self 1/3 share (6,966.66) in 1,080,000.00 Adjudication with TCT No. T-732477 Sale dated April 7, 2015 4 Extra-Judicial 1/3 share (6,966.66) in 1,080,000.00 Settlement of Estate TCT No. T-732477 with Sale dated April 7, 2015 5 Total 20,900 P3,240,000.00 =========== =========== On October 25, 2013, a Contract Agreement 6 was executed by and between ALTISSIMA ENTERPRISES and Villa Santa Rosa Homeowners' Association, Inc. (VSRHOAI), a homeowner's organization registered with the Housing and Land Use Regulatory Board (HLURB) with Certificate of Registration No. 20196, whereby ALTISSIMA ENTERPRISES has agreed to sell to VSRHOAI's individual members the developed lots and completed housing units under the Community Initiative Approach Program (CIAP) of the NHA for Two Hundred Forty Thousand Pesos (P240,000.00) 7 for every developed lot and completed housing unit per family. aDSIHc Moreover, on November 4, 2013, a Memorandum of Agreement 8 (MOA) was executed by and among ALTISSIMA ENTERPRISES, as the developer, VSRHOAI, as the beneficiaries, and the NHA, as the lead agency in the implementation of the Resettlement and Relocation Programs of the government and to ensure the timely, peaceful and orderly relocation and resettlement of the families affected by the calamities and those living in danger areas. Under the MOA, members 9 of the VSRHOAI shall be provided by the NHA with a financial grant for the acquisition of approximately 1,773 developed lots and financing of the acquisition of completed housing units through the CIAP in the amount not to exceed One Hundred Fifteen Thousand Pesos (P115,000.00) per lot and One Hundred Twenty Five Thousand Pesos (P125,000.00) per housing unit. To give effect to the Contract Agreement and MOA, on February 5, 2014, a Deed of Absolute Sale was executed by and between ALTISSIMA ENTERPRISES and NHA, whereby the former agreed to sell to NHA, 1,773 developed lots or parcels of land covering an area of Seventy Thousand Nine Hundred Twenty square meters (70,920 sq.m.) portion of various properties, including the lot covered by TCT No. 732477, for Two Hundred Three Million Eight Hundred Ninety Five Thousand Pesos (P203,895,000.00). Per Certification dated April 20, 2015, the above property covered by TCT No. T-732477 situated in Brgy. Caingin, City of Sta. Rosa, Laguna, with gross area of 20,900 square meters, is to be developed as Phase 2 of the Villa Santa Rosa Resettlement Project for the families affected by the calamities and those living in danger areas. The property will generate an approximately 365 additional housing units or a total saleable area of 14,600 square meters at 40 square meter per unit from the total 1,773-unit allocation for the said housing project. In reply, please be informed that pursuant to Sections 19 and 20 RA No. 7279, pertinent portions of which state that: "Sec. 19. Incentives for the National Housing Authority. The National Housing Authority, being the primary government agency in charge of providing housing for the underprivileged and homeless, shall be exempted from the payment of all fees and charges of any kind, whether local or national, such as income and realty taxes. All documents or contracts executed by and in favor of the National Housing Authority shall also be exempt from the payment of documentary stamp tax and registration fees, including fees required for the issuance of transfer certificates of title. "Sec. 20. Incentives for Private Sector Participating in Socialized Housing. To encourage greater private sector participation in socialized housing and further reduce the cost of housing units for the benefit of the underprivileged and homeless, the following incentives shall be extended to the private sector: xxx xxx xxx (d) Exemption from the payment of the following: (1) Project related income taxes; (2) Capital gains tax on raw lands used for the project; (3) Value-added tax for the project contractor concerned;" xxx xxx xxx" Sale by the Landowners to NHA The owner of the raw land is exempt from the payment of capital gains tax or the withholding tax under Revenue Regulations No. 2-98, as amended, on the sale of a parcel of land which shall be utilized in a socialized housing project. (BIR Ruling No. 066-2011 dated March 9, 2011) Accordingly, the sale by the landowners to NHA of the Twenty Thousand Nine Hundred square meters (20,900 sq.m.) area of the lot covered by TCT No. T-732477, on which the 365 socialized housing units shall be constructed, is exempt from the payment of capital gains tax imposed under Sec. 24 (D) of the Tax Code of 1997, as amended or creditable withholding tax under Revenue Regulations No. 2-98, as amended. Moreover, it must be noted that the exemption from the documentary stamp tax of NHA, in connection with any of its socialized housing projects, extends to the other party (either seller or buyer) that deals or transacts with the NHA. Consequently, since NHA is a party to the sale, no documentary stamp tax shall be due on such sale, either on NHA or the party with which NHA is transacting. Accordingly, the sale by the landowners to NHA of the Twenty Thousand Nine Hundred square meters (20,900 sq.m.) area of the lot covered by TCT No. T-732477, on which the 365 socialized housing units shall be constructed, is likewise exempt from the payment of documentary stamp tax under Section 196 of the Tax Code of 1997, as amended. (BIR Ruling No. 353-2013 dated September 20, 2013) ETHIDa The exemption granted under RA No. 7279 is without prejudice to the right of the Government to collect the proper amount of estate tax, capital gains tax and documentary stamp tax from the legal heirs/owners of the property covered by TCT No. T-732477 pursuant to Sections 84, 24 (D) and 196 of the 1997 Tax Code, as amended. Transaction between ALTISSIMA ENTERPRISES and NHA The developer of properties who sells its properties for use in a socialized housing project are exempt from the payment of project-related income taxes pursuant to Section 20 of RA No. 7279. Such being the case, the sale of ALTISSIMA ENTERPRISES to NHA of the 365 developed lots or parcels of land on the Fourteen Thousand Six Hundred square meters (14,600 sq.m.) area of the lot covered by TCT No. T-732477, is exempt from the capital gains tax, project-related income taxes and consequently from withholding tax. (BIR Ruling No. 353-2013 dated September 20, 2013) Likewise, since NHA is a party to the sale, no documentary stamp tax shall be due on such sale, either on NHA or the party with which NHA is transacting. Accordingly, the transfer by ALTISSIMA ENTERPRISES to NHA of the 365 developed lots or parcels of land on the Fourteen Thousand Six Hundred square meters (14,600 sq.m.) area of the lot covered by TCT No. T-732477, is exempt from the payment of documentary stamp tax under Section 196 of the Tax Code of 1997, as amended. (BIR Ruling No. 353-2013 dated September 20, 2013) Furthermore, under Section 20 (d) (3) of RA 7279, the sale of a socialized housing as defined therein shall also be exempt from the payment of value-added tax (VAT). Thus, the sale by ALTISSIMA ENTERPRISES to NHA of the 365 developed lots or parcels of land on the Fourteen Thousand Six Hundred square meters (14,600 sq.m.) area of the lot covered by TCT No. T-732477 shall be exempt from VAT. However, its purchases of goods/articles shall be subject to VAT, even if the said purchases are to be used for the socialized housing project, since VAT is an indirect tax which can be passed on by the seller of the goods/services. Moreover, it shall be understood that ALTISSIMA ENTERPRISES must issue non-VAT official receipts on its gross receipts from the said socialized housing project. Upon application for exemption, a lien on the titles of the land shall be annotated by the Register of Deeds having jurisdiction over the properties, to the effect that the same is to be applied or is being applied to a socialized housing project pursuant to RA 7279. Please take note that this ruling is never intended and shall not be construed as giving authority to the concerned Register of Deeds to effect transfer of the land in the name of the buyer without the necessary certificate of authority to register issued by this Bureau. In this regard, this ruling shall be presented to the Revenue District Office (RDO) concerned in order for the latter to issue the Certificate Authorizing Registration (CAR) after the submission of the requirements provided under RMO 15-2003. This ruling is being issued on the basis of the foregoing facts as represented. However, if upon investigation, it will be ascertained that the facts are different, then this ruling shall be considered as null and void. Very truly yours, (SGD.) KIM S. JACINTO-HENARES Commissioner of Internal Revenue ATTACHMENT Villa Santa Rosa Phase 2 Resettlement Housing Project Brgy. Caingin, City of Santa Rosa, Laguna Masterlist of Beneficiaries Household Owner Ref No. Family Surname Name Middle Name 1 Abing Geronimo Lagunday 2 Abobacar Norjana Sancopan 3 Abrenica Roberto Benamira 4 Abunda Rosemarie Nazareno 5 Adolfo Marvin Katang-Katang 6 Adolfo Lito Katang-Katang 7 Adrales Catalino Acuin 8 Agao Joseph Tresvalles 9 Agaro Roger Balboa 10 Agdoro Crisanto Agbias 11 Aglinao Joey Basto 12 Aglinao Samson Jr. Basto 13 Agravante Nickson Cabalquinto 14 Alagano Violeta Canete 15 Alcasid Arjay Villamor 16 Alibudbud Zenaida Barrinuevo 17 Alinas Melanie Manansala 18 Alinas Norberto Ampania 19 Almacen Marietta Ormoc 20 Almalvez Normita Belano 21 Almarinez Alberto Villanueva 22 Almodovar Marites Cabrera 23 Alojado Maximina Ortega 24 Alojado Evelyn Ortega 25 Aludino George Rabadon 26 Aludino Marilyne Rabadon 27 Alumno Rosamia Alojado 28 Alumno Reissel Mia Alojado 29 Alvarez Flora Gonzales 30 Alvarez Mildred Gonzales 31 Alvarez Nancy Gonzales 32 Alvior Jeffy Navera 33 Andagan Marlon Boter 34 Aonuevo Pamilo Ruiz 35 Aonuevo Johnny Ruiz 36 Antioquia Jurado Lera 37 Aquino Anaclita Huino 38 Aquino Cesario Pidlaoan 39 Aragones Claudia Bolante 40 Araador Noel Sanal 41 Arances Evelyn Calagahan 42 Arellano Edwin Jr. Barcela 43 Arizala Jovilyn Villanueva 44 Arizala Joven Asia 45 Arreza Romilan Azarcon 46 Asor Denia Quiachon 47 Atibagos Russell Marcaida 48 Auriada Jay Roland Montilla 49 Azuelo Rolando Jr. Lagos 50 Bacongan Elino Losadio 51 Banal Christopher Cabarlie 52 Banal Angelito Vicente 53 Banal Ronnie Cabarlie 54 Banal Ireneo Vicente 55 Banal Renelyn Cabarle 56 Banal Ronald Allan Soliman 57 Banasihan Maria Fe Satsatin 58 Banda Carlito Salamanes 59 Baquer Ronciano Bronola 60 Barredo Divina Bulay 61 Barrera Edwin Bodegon 62 Basbas Isabel Marasigan 63 Basbas Ricardo Tablan 64 Batotoy Mamerto Pepito 65 Bautista Robert Balandra 66 Bayna Nolito Bechoida 67 Baysa Rowena Velasco 68 Beagante Leonilo Jr. Garo 69 Beato Sonny Hilaga 70 Belmonte Francis Jr. Baay 71 Belo Editha Casubha 72 Bernardo Randy Vitalista 73 Bongalos Giralene Bragais 74 Boqueo Lilia Brito 75 Boringot Mary Ann Bonavente 76 Boter Ronnel Vista 77 Bragamonte Lino Asagra 78 Briones Andy Bagapuro 79 Buban Pio Jr. Melgar 80 Buena Alvis Ramos 81 Bueno Saturnino Mamallas 82 Bugnot Tony Agnuca 83 Bullo Gregorio Jr. Siawingco 84 Bullo Ricardo Siawingco 85 Bundalian Orlando De Lara 86 Caamacho Mary Joy Tanque 87 Cabalquinto Jayson Gepitolan 88 Cabanada Gerry Jr. Muya 89 Cabanatan Fe Abria 90 Cabanlig Ricardo Odasco 91 Cabulang Ronald Arche 92 Calamba Ruperto Jr. Dela Cruz 93 Calapis Meryll Joy Sanal 94 Caldea Milagros Ehara 95 Calesa Michael Migabon 96 Calimpon Jonas Sabarillo 97 Calisa Bebilyn Megabon 98 Calisa William Megabon 99 Calisa Lorna Megabon 100 Camacho Mary Joy Tanque 101 Camaa Ernesto Rivera 102 Canesares Maximo Espino 103 Canete Neil Imperial 104 Canggas Erlinda Regalado 105 Carait Romel Lijauco 106 Caratihan Cristina Getape 107 Caratihan Bernie Gepate 108 Carcueva Teody Torres 109 Castillo Katherine Coren 110 Castillo Harlo Jay Salvador 111 Castillo Harlene Joy Salvador 112 Catindig Marianne Suyom 113 Catindig Godofredo Fablos 114 Cayetano Carmelita Afable 115 Cea Cyril Cherry Cultivo 116 Celeste Josephine Caoile 117 Cello Martin Aragones 118 Cinco Enriquita Postrero 119 Clores Rosita Rosales 120 Conchas Lucy Romerosa 121 Condes Rodito Aleria 122 Condestable Rowie Espada 123 Contapay Melvin Sacayan 124 Cortavista Benito Dacuya 125 Dacatimban Critina Vinoya 126 Dacillo Marissa Cereza 127 Dante Ernie Arios 128 Datinggaling Dominga Celis 129 Dawal Melchor Jr. Edem 130 De Cano Edwardo Olivarez 131 De Castro Lorenzo Villanueva 132 Deanon Gemma Beatingco 133 Dela Cruz Mary Grace Leonardo 134 Delema Jerry Flores 135 Delgado Digna Hernandez 136 Delos Reyes Marites Aballe 137 Delos Santos Dioniso Jr. Briones 138 Demapilis Daisy Lelis 139 Desalisa Rosalie Goiloso 140 Dominguez Gerry Fullas 141 Dominguez Joel Fullas 142 Dominguez Jubert Fullas 143 Dominguez Joey Castillo 144 Donato Gina Gillego 145 Dulay Rialyn Corneja 146 Dy Joenard Lanante 147 Echalico Donato Tantiado 148 Edos Leonilo Jr. Lita 149 Endrinal Francisco Jr. Malapitan 150 Enriquez Guilliver Manila 151 Erejer Jeffrey Omila 152 Estopa Reyman Villasin 153 Fandialan Adrin Cartabio 154 Felcia Pacita Enahe 155 Flores Liezel Silva 156 Flores Flordeliza De Torres 157 Flores Jessica Badana 158 Fullas Ronnie Gayola 159 Fullas Jesus Villanueva 160 Fullas Benigno Jr. Gabino 161 Fullero Joanna Barredo 162 Fullero Jomar Barredo 163 Gabon Robledo Tagorio 164 Galaria Adelfa Montilla 165 Galindez Julieto Gaviola 166 Gallarte Salve Fererr 167 Galleta Jesus Baylon 168 Galo Reynel Rosillo 169 Galoy Leo Balando 170 Gamboa Rafael Caoile 171 Garcia Rochelle Palugod 172 Garcia Joselito Alojado 173 Garcia Ramcy Complido 174 Genova Lorenzo Jr. Amante 175 Genova Estelito Gayola 176 Gillaposo Shella Mae Intud 177 Gino Exequiel Buere 178 Gobrin Jayson Autria 179 Gonzales Dennis Venigar 180 Gotas Celeste Asombrado 181 Gotis Teddy Guelas 182 Gotis Jaime Jr. Guelas 183 Gotis Rafael Dominguez 184 Gotis Oliver Espabella 185 Goumba Josimo Ragada 186 Gutierrez Enrico Golingan 187 Hayagan Jonard Dela Rosa 188 Henoctan Jhonna Bombeo 189 Hilaga Zander De Jesus 190 Homeres Teresita Cinco 191 Javier Noelito Malaguena 192 Javier Analyn Malaguenia 193 Javier Edwin Malaguena 194 Jubilo Marilyn Romasanta 195 Labayo Hernani Abad 196 Labutap Francisco Mendoza 197 Lamod Nymia Mapusao 198 Lavin Alvaro Dolatre 199 Lawog-Lawog Candido Paburada 200 Lazo Manuel Jr. Nilo 201 Lazo Alfredo Nilo 202 Lijauco Jerome Hardillo 203 Limboy Nestor Reyes 204 Listanco Alex Alababa 205 Llakang Jennelyn Salazar 206 Lobitania Johnny Legaspi 207 Lobo Joel Alonzo 208 Lopez Bryan Bodles 209 Lorzano Conchita Palogod 210 Loyola Joyce Maria Cea 211 Loyola Cyrille Maria Cea 212 Loyola Roy Simeon Cea 213 Loyola Simeon Roy Jr. Lleva 214 Loyola Royce Cea 215 Loyola Regina Maria Cea 216 Lubo Perlito Enotibas 217 Luna Rowell Soliman 218 Lupango Jerry Alburo 219 Lupango Jemar Alburo 220 Lupango Jerson Alburo 221 Lupango Jesus Gallo 222 Macatimpag Gina Mirales 223 Madrileo Alma Pedenato 224 Madula Manolito Sr. Roca 225 Madula Manolito Villa 226 Madula Edwin Villa 227 Magalso Virgie Pasiol 228 Makabenta Joseph Candare 229 Malapitan Lorenzo Banzuela 230 Mallo Warren Herrera 231 Manggarin Mateo Jr. Bartolome 232 Mangondiab Alibasa Kusa 233 Marcelino Allan Baez 234 Mariano Jefferson Delabajan 235 Maristela Marilou Villagracia 236 Marquez Nenita Hilario 237 Martirez Myra De Leon 238 Matilla Arnel De Guia 239 Maybituin Rustica Corteza 240 Medoza Michael Mistral 241 Mendoza Dolores Carpena 242 Mercado Mario Navarro 243 Miguel Rosario Sampana 244 Millena Gina Necio 245 Mitas Amelia Barillo 246 Mojica Edward Nebrida 247 Mondas Marilyn Buyante 248 Montillano Jerry Monceller 249 Morales Aileen Nicolas 250 Morales Arnold Nicolas 251 Morales Gina Pedrinia 252 Munar Juanito Jr. Corpuz 253 Mundas Marlon Buyante 254 Muya Beatriz Nabablit 255 Nainge Florencio Jr. Relo 256 Navera Elenita Ogayon 257 Navigar Richard Rama 258 Neri Alejandro Napire 259 Neri Hadjie Napire 260 Neri Jeffrey Napire 261 Nilo Leonila Belen 262 Nilo Editha Engco 263 Nivero Amylita Candelaria 264 Nobe Allan Llera 265 Noguerra Ronald Blancada 266 Noquera Elvie Victoria 267 Ocon Romeo Humaylab 268 Oczon Charon Panganiban 269 Olis John Paul Quichon 270 Olis Amado Icaro 271 Olis Christopher Anonuevo 272 Olivera Clodualdo Apulencia 273 Omega Saturnino Fuentes 274 Opena Zenaida Evina 275 Opulencia Virgilio Carpena 276 Orencia Elmar San Buenaventura 277 Orioso Georgina Ogayon 278 Oseo Ezekiel Dela Cruz 279 Oseo Eliver Dela Cruz 280 Paanod Norlie Sr. Pore 281 Pacardo Melibert Lapidario 282 Pacardo Melannie Lapidario 283 Pacatan Roberto Jr. Ramis 284 Paclibar Matilde Gravamen 285 Padua Eduardo Coronel 286 Pagdanganan Ester Valderama 287 Palileo Josephine Barnedo 288 Palileo Mary Grace Basbas 289 Palileo Dennis Barnedo 290 Panabal Jojiemar Kaladiapon 291 Panganiban Rhodora Manila 292 Panimbatan Rufina Pastidio 293 Pantan Richard Adolfo 294 Paradela Doresa Norieste 295 Parcarey Ronaldo Noveno 296 Parco Ma. Remedios Loyola 297 Pascua Jo Ann Garde 298 Pen Geral William Tabuena 299 Piao Sanchez Dizon 300 Pino Jelerita Coraza 301 Quiling Fortunato Palis 302 Quintana Egilberto Verdeflor 303 Quintana Jeffrey Verdeflor 304 Ragada Junmar Maningo 305 Raez Lopito Alas 306 Recoperto Glenn Abordo 307 Recoperto Carmelo Jr. Abordo 308 Remoroza Rose Ann Nilo 309 Repana Venerando Sr. Dempas 310 Repana Marilyn Balloso 311 Ressureccion Jan Villaruz 312 Reyes Nio Lamiseria 313 Rivas Reynaldo Flores 314 Roa Severino Hernandez 315 Rodrigo Mark Gil Molino 316 Royales Mariano Jr. Rareza 317 Ruelo Fernando Sacabon 318 Salamat Robert Araciel 319 Samson Sammy Anino 320 Santos Marlyn Pasahis 321 Saut Gerito Belarmino 322 Saut Joveto Bulan 323 Saya-Saya Rhona Alipon 324 Sernal Elizer Del Rosario 325 Sinuhin Iluminada Ambata 326 Solera Anastacio Cernal 327 Solera Ramelo Cernal 328 Soliman Ramil Serrano 329 Soriano Alejo Zipagan 330 Sormillon Godfrey Deloso 331 Suerto Susana Narciso 332 Sumilhig Epifanio Peque 333 Talion Wilfredo Jr. Casacop 334 Talisic Norilyn Recaro 335 Talledo Mark Anthony Cabarles 336 Talledo Filodelfo Ferrer 337 Tanque Ariel Nazareno 338 Tecson Hernane Zamora 339 Teraytay Angelita Francisco 340 Teraytay Errol Francisco 341 Torres Lina Alipon 342 Torres Dario Alipon 343 Torres Allan Cruz 344 Trinidad Ronald Pantig 345 Trinidad Monaliza Reyes 346 Trinidad Johnny Santos 347 Trogon Ronnel Abilong 348 Trogon Rene Abilong 349 Trogon Renato Gerero 350 Tubada Relanie Duvero 351 Vasquez Vilma Velasco 352 Vasquez Sotero Jr. William 353 Velandrez Ryan Gestiada 354 Veldad Ferdinand Suaviso 355 Ventura Harry Caballero 356 Victoria Domingo Betis 357 Villa Dexter Carteciano 358 Villanueva Rolando Jr. Soliman 359 Villegas Joey Cernal 360 Violado Boyet Morales 361 Violado Evencio Ravelo 362 Yape Rodrigo Bagarino 363 Yape Ralph John Borras 364 Yayain Zenaida Cabrera 365 Yianan Danny Arcillas Footnotes 1. Per Certification dated April 20, 2015 issued by Altissima Enterprises, the subject request is for the Phase 2 of Villa Santa Rosa Housing Project consisting of 365 units. 2. Registered under the names of Apolonia Nevalga, Bernarda Nevalga and Aniana Nevalga. However, the 1/3 share of Apolonia Nevalga had already been donated to Nerissa Nevalga Dilla (See annotation on page 3 of TCT No. T-732477. 3. Executed by Nerissa Nevalga Dilla. 4. Executed by Noel Nevalga Briones, the sole legal heir of Bernarda Nevalga. 5. Executed by legal heirs of Aniana Nevalga, namely, Dante N. Dilla, Dennis N. Dilla, Nerissa D. Fernandez, Noemi D. Garcia and Diomedes N. Dilla. 6. (For the Acquisition of 1,773 Housing Units) Villa Santa Rosa, Barangay Caingin, Sta. Rosa, Laguna. 7. P115,000.00 per developed lot and P125,000.00 per completed housing unit. 8. (For Financing the Acquisition and Developed Lots and Financing the Acquisition of Completed Housing Units for Families Affected by Calamities and those Living in Danger Areas) Villa Santa Rosa, Brgy. Caingin, Sta. Rosa City, Laguna. 9. Composed of members/families affected by the calamities.