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(NAR) VOL. 19 NO. 1 / JANUARY - MARCH 2008
[ GSIS RESOLUTION NO. 167, November 21, 2007 ]
RECOMMENDATION TO AMEND THE FORMULA IN COMPUTING THE SELLING PRICE OF ACQUIRED HOUSING UNITS AND SUBDIVISION LOTS FOR DISPOSITION THROUGH THE GMA-HELPS
RESOLVED, to APPROVE the recommendation to amend the formula in computing the selling price of acquired housing units and subdivision lots for disposition J through the GMA-HELPS (Garantisadong Mahababang Amortization ng House and Lot Para Sayo) Program.
RESOLVED CONSEQUENTLY, to APPROVE the recommendation for the adoption of the following formula in computing the selling price of acquired housing units and lots, to wit:
Seventy percent (70%) of the CMV of the property; OR Book Vafue of the property s Fifty percent (50%) of the rental receivables, whichever is higher.
Adopted: 21 Nov. 2007 (Board Meeting No. 21)
RESOLVED CONSEQUENTLY, to APPROVE the recommendation for the adoption of the following formula in computing the selling price of acquired housing units and lots, to wit:
Seventy percent (70%) of the CMV of the property; OR Book Vafue of the property s Fifty percent (50%) of the rental receivables, whichever is higher.
Adopted: 21 Nov. 2007 (Board Meeting No. 21)