eligible informal settlers to help families living in hazardous areas or those rendered homeless by calamities to avail themselves of safe, decent shelter.
HB 455 has been consolidated by the House Committee on Housing and Urban Development with 18 other bills that also aim to provide rental subsidies to ISFs. The recommendations of the House Committee on Appropriations have already been incorporated into the substitute bill. The financial aid will continue until the ISFs have been resettled to permanent housing projects constructed by the government.
The measure states that the rental subsidy shall not exceed the actual rent, provided that such subsidy may be reviewed or revised by the DHSUD and NEDA at any time but not more than once every two years to conform to prevailing economic conditions.
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