Development of Pangarap Village by the Malacañang Homeowners Association
Letter of Instructions No. 920, issued by President Ferdinand E. Marcos on August 28, 1979, authorizes the Malacaang Homeowners Association, Inc. to develop the Pangarap Village in Caloocan City, which was previously part of the Tala Estate. The directive emphasizes the need for cooperation among various government agencies to ensure the project's success and viability as a human settlement. It allows the Association to engage with consultants, contractors, and to establish cooperatives, while also facilitating funding through the Central Bank of the Philippines. Additionally, government lending institutions are mandated to provide loans for housing construction for the Association's members. All conflicting regulations are revoked to ensure the implementation of this directive.
Quick Answers
- What is Development of Pangarap Village by the Malacañang Homeowners Association about?
- Letter of Instructions No. 920, issued by President Ferdinand E. Marcos on August 28, 1979, authorizes the Malacaang Homeowners Association, Inc. to develop the Pangarap Village in Caloocan City, which was previously part of the Tala Estate. The directive emphasizes the need for cooperation among various government agencies to ensure the project's success and viability as a human settlement. It allows the Association to engage with consultants, contractors, and to establish cooperatives, while also facilitating funding through the Central Bank of the Philippines. Additionally, government lending institutions are mandated to provide loans for housing construction for the Association's members. All conflicting regulations are revoked to ensure the implementation of this directive.
- What type of law is Letter of Instructions No. 920?
- Development of Pangarap Village by the Malacañang Homeowners Association (Letter of Instructions No. 920) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Development of Pangarap Village by the Malacañang Homeowners Association enacted?
- Development of Pangarap Village by the Malacañang Homeowners Association (Letter of Instructions No. 920) was enacted on Aug 28, 1979.
- What is the citation for Development of Pangarap Village by the Malacañang Homeowners Association?
- Development of Pangarap Village by the Malacañang Homeowners Association, Letter of Instructions No. 920, Aug 28, 1979 (Philippines)
Law Information
- Reference Number
- Letter of Instructions No. 920
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
August 28, 1979
LETTER OF INSTRUCTIONS NO. 920
| TO | : | The Minister Ministry of Human Settlements |
| The Chairman National Home Mortgage Finance Corporation | ||
| The General Manager National Housing Authority | ||
| The Governor | ||
| Central Bank of the Philippines | ||
| The President | ||
| Malacañang Homeowners Association, Inc. | ||
| All Concerned |
WHEREAS, under Presidential Decree No. 293, an area which used to be part of the Tala Estate, now better known as the Pangarap Village, in Caloocan City was declared open for disposition and sale to members of the Malacañang Homeowners Association, Inc. (Association); cd
WHEREAS, in order to carry out the objectives and purposes of the aforecited decree, it is imperative to develop the land covered thereby into a viable, productive and progressive human settlement project; and
WHEREAS, the magnitude of the funding requirements of the project and the necessity to offer some sort of guarantee for the payment of loans and interests require the utmost cooperation and coordination of all government agencies concerned.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby direct and order the following:
1) The Association is hereby authorized to:
a) undertake the development of Pangarap Village,
b) enter into agreements with consultants and contractors,
c) organize cooperatives and other business ventures, and
d) coordinate with other government agencies to assure the integrated development of Pangarap Village into a viable human settlement project,
2) The Central Bank of the Philippines is hereby directed to approve the entry of funds from abroad for the sole and exclusive purpose of funding the projects of the Association, and to provide the instrument of guarantee as may be acceptable to the Funder/Financial Broker.
3) All banking and/or lending institutions of the government, including the National Housing Authority and the Home Development Mutual Funds of the Ministry of Human Settlements, are hereby directed to grant loans and assistant to the members of the Association for the construction of houses on their land.
All Letters of Instructions, Executive Orders, Circulars, Rules and Regulations or parts thereof that are inconsistent herewith are hereby revoked or modified accordingly.
This Letter of Instructions shall take effect immediately.
DONE in the City of Manila, this 28th day of August, in the year of Our Lord, Nineteen Hundred and Seventy-Nine. aisa dc
Cite This Law
Development of Pangarap Village by the Malacañang Homeowners Association, Letter of Instructions No. 920, Aug 28, 1979 (Philippines)
Development of Pangarap Village by the Malacañang Homeowners Association, Letter of Instructions No. 920 (Phil. 1979)
Related Laws
- Disposition and Sale of Friar Lands within Pangarap Village, Makatipo, Caloocan CityLetter of Instructions No. 326 • Oct 10, 1975 • Presidential Issuances
- Development of Maharlika VillageLetter of Instructions No. 482 • Nov 23, 1976 • Presidential Issuances
- Placing the Administration of Bahay Pangarap in Malacañang Park Under the Internal House Affairs OfficeAdministrative Order No. 251 • Dec 22, 2008 • Presidential Issuances
- In Re: Petition for Declaration of Unconstitutionality of B.M. No. 1922, C.G. Brion Village Homeowners AssociationB.M. No. 2304 • Jan 24, 2012 • Supreme Court Issuances
- Magna Carta for Homeowners and Homeowners' AssociationsRepublic Act No. 9904 • Jan 7, 2010 • Statutes
- Rules on the Registration and Supervision of Homeowners AssociationsHLURB Resolution No. R-771-04 • Nov 8, 2004 • Other Rules and Procedures
Browse More Presidential Issuances
Explore other laws in the Presidential Issuances category.
View All Presidential IssuancesNeed Help Understanding This Law?
Ask our AI assistant to explain provisions, implications, or related laws.
Ask AI About This Law