(NAR) VOL. 22 NO. 1, JANUARY - MARCH 2011
WHEREAS, Board Resolution No. 860, Series of 2010, has included leisure farms in the coverage of the Implementing Rules and Regulations of PD 957 and therefore, the developers of these projects are required to observe the balanced housing requirement under Section 18 of RA 7279;
WHEREAS, the said Resolution does not state with clarity, whether the same applies to leisure farms that are being developed by phases;
WHEREFORE, RESOLVED AS IT IS HEREBY RESOLVED that Resolution No. 860, Series of 2010, is hereby AMENDED insofar as it shall apply to leisure farms that are being developed in phases;
RESOLVED, FURTHER, that the Amendatory Resolution is without prejudice to future requirements or regulations that may be imposed by the Board.
Approved this 24th day of September 2010, Quezon City.