Condonation rules released

Delinquent housing accounts with the National Housing Authority (NHA) that apply for loan restructuring and condonation under Republic Act 9507 will be treated to zero payment for penalty and delinquency charges and 50 percent off on accrued or unpaid interest. NHA General Manager Federico A Laxa said the substantial discounts on housing arrears is a welcome relief for beneficiaries as it will help them update their accounts and meet their monthly obligations. He added that the condonation program will also boost collection efforts of government. more..

GMA groundbreaks NLEX 2

President Gloria Macapagal Arroyo led the groundbreaking ceremonies to signal the construction start of NLEX-C5 Northern Link Project Phase 2, Segment 8.1. The opening of this vital road infrastructure will help decongest metro Manila as it provides east and west access to mainline NLEX. During the groundbreaking, NHA turned over to the Manila North Tollways Corporation (MNTC) 2.34 kilometers of cleared areas in Brgy. Gen. Tiburcio De Leon and Brgy. Ugong, Valenzuela City. Affected by the NLEX development are a total of 3,347 families relocated by NHA to the following resettlement sites: Northville 1B Brgy. Punturin, Valenzuela City; Northville 2 Bignay, Valenzuela City: Northville 4A and 4B Lambakin, Bulacan; Towerville Phase 5 Bulacan and Southville 4 Sta. Rosa, Laguna. The Manila North Tollways Corporation (MNTC) committed to start the construction of Segment 8.1 this year, serving as springboard for the full implementation of Phase 2. Other components of Phase 2 include Segment 8.2- 10.2 kilometers linking Mindanao Avenue and C5, Katipunan, Q.C.; Segment 9 – 3.8 kilometers linking NLRX and McArthur; and Segment 10 – 5.7 kilometers linking McArthur to Letre. more...