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Tuesday, June 9, 2015

Square Ville HOAI and the CMP (Part 2)

Two years ago, the president of Square Ville Home Owners Association Inc (HOAI), Rodolfo Rabang, reported the status of Square Ville’s application to the Social Housing Finance Corporation (SHFC). He gave the following steps on how to have an individual lot title for Square Ville HOAI:

  1. Filing of the subdivision plan to the Urban Poor Service Office (UPSO) of Pasig City
  2. Background Investigation of the site (in Nagpayong, Pasig City)
  3. Approval for Social Housing, through the SHFC
  4. Segregation of land title to individual lot owners

I don’t know where the problem is, but it took two years to jump from Step #1 to #2. It’s only today that representatives of the SHFC visited the Square Ville HOAI in Nagpayong, Pasig City to conduct a Background Investigation, on the home owners. I don’t know whether the officers of Square Ville HOAI are not doing their job/voluntary work or it’s the SHFC that has a lot of backlog.

IMG_3702

South Star Drug is the newest business establishment that opened its doors to residents of Square Ville Home Owners Association Inc in Nagpayong, Pinagbuhatan, Pasig City

The representatives of SHFC asked the home owners (as a group) the following questions:

  • Have you ever availed of the Community Mortgage Plan (CMP) before, in other places?
  • How many years are you residents of Nagpayong?
  • Why did it took so long before it was applied through CMP?
  • Are all home owners residing in these houses and not having it rented?
  • Do you have financial problems?
  • What’s the smallest and largest lot size in your association?
  • How much is the price per square meters?
  • How much are you paying monthly in your association (“butaw”)?
  • When is the schedule of your meeting? When was the last meeting?
  • Does your HOA issue receipts?
  • How many years is the term of your HOA officers?
  • Do you know your HOA officers? Who is the president?
  • Did you pay a survey fee?
  • How many are members of your Board of Directors?
  • Up to how many years is the loan? What’s the annual interest rate?

Partner-SHFC-L

The officers of SHFC also pointed out that under CMP, “ang utang ng isa ay utang ng lahat”. They encouraged the home owners of Square Ville to pay our dues diligently. For those who happened to have a “katukayo” (similar name), they have to file an affidavit saying that they never availed of the CMP yet. They also required that the member should be 59 years old and below.

Here’s a quick facts about Square Ville HOAI and how much will it cost to pay for the lot:

  • Square Ville Home Owners Association, Inc is registered December 1, 2011 to the Housing Land Use Regulatory Board (HLURB) with Registration # 19156.
  • Land is owned by Sunny Realty Corporation and the total land area is 7,068 square meters. The total price of the whole area is P15.5 million pesos.
  • The price per square meter is at P2,200.
  • TCT# 011-2014002880 and TCT# 011-2014002864 covers the area.
  • There are 185 beneficiaries/family that lives in Square Ville, Nagpayong.
  • Makawili Jay C Foundation, Inc is the CMP Mobilizer of Square Ville. The said foundation is located at #2 Paquita St, Brgy Gulod, Novaliches, Quezon City with Epitacio R Magbiro as Chairman. (Note: I can’t find their website or even their Facebook page)
  • Square Ville HOAI will borrow P14.2 million pesos from the SHFC.
  • The monthly fee will be P685.30 and the interest is 6% per year.
  • The Officers of Square Ville HOAI are: Rodolfo D Rabang (President), Nenita D Regalado (Vice President), Chona C dela Cruz (Secretary), Josephine R Ultado (Treasurer) and Irish D Zapata (Auditor).

Hopefully, after today’s visit by the SHFC, the loan being asked by Square Ville HOAI will be granted in the soonest time possible so that each home owner will begin paying for their lot, which they’ve occupying for more than 20 years.

This is how slow and expensive it will take for squatters (informal settlers) to obtain the lot they’ve occupying, the legal way. I hope there’s a faster way.

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