The corporation's property rights in the face of the Urban Development Housing Act of 1992

• Main Author: Kagaoan, Anna Maria D.
• Format: text
• Language: English
• Published: Animo Repository 2015
• Subjects: Right of property > Philippines; City planning and redevelopment law > Philippines; Property Law and Real Estate
• Online Access: https://animorepository.dlsu.edu.ph/etd_masteral/7170
• Institution: De La Salle University

The Urban Development and Housing Act was passed into to law in 1992 to address the housing needs in urban areas and to provide the rational use and development of urban land. It tapped on the private sector, specifically the residential real estate subdivision developers, through the Balanced Housing Development system to help supply the housing needs of the country. The Balanced Housing Development system found in Section 18 of the law requires residential subdivision developers to develop an area for socialized housing equivalent to at least twenty percent (20%) of the total subdivision area, within the same city or municipality or anywhere in the Philippines. The Constitutional soundness of this provision as a property taking as well as the effects of this provision on the businesses of the residential real estate developers will be examined in this research to provide a basis for the amendment of the law.