The government is in the process of amending the implementing rules and regulations (IRR) on housing cooperatives to strengthen the implementation of cooperative housing programs in the country, Vice President Jejomar Binay said on Thursday.
Key shelter agencies and government financial institutions have been asked “to craft common guidelines for the implementation of cooperative housing programs and to create special loan windows that will cater exclusively to housing cooperatives,” Binay said during the First Cooperative Housing Summit in Quezon City.
“This IRR will also mandate government agencies to provide technical assistance and capacity building to housing cooperatives, and will also provide for conflict resolution mechanisms,” he added.
Binay is the chairman of the Housing and Urban Development Coordinating Council (HUDCC), which oversees the government’s key shelter agencies (KSAs).
Aside from amending the IRR, the housing sector is also taking “several compelling directions” to ensure the viability and sustainability of housing cooperatives,” Binay said.
“First, we have to ensure that the concept of cooperative housing is harmonized with our existing housing programs in the sector. It is important to have agreements to adapt the housing cooperative as a viable method of producing shelter, especially since they are already organized and could be made more capable through the key shelter agencies’ projects and programs,” he said.
Binay said the housing agencies should also continue to make financing available to cooperatives through regular programs or through a special loan window.