By Edith B. Colmo
FOR 2022 Strategic Investment Priority Plan (SIPP), the Subdivision and Housing Developers Association (SHDA) welcomed the government’s announcement on the retention and inclusion of mass housing activities.
This move will ensure that incentives for participating stakeholders in mass housing activities will help address the housing backlog and facilitate housing recovery.
In Memorandum Order No. 61 series of 2022, it stated the approval of 2022 SIPP that lists the priority economic and business activities that can avail of investment incentives under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act. According to May Rodriguez, president of SHDA,
the 2022 SIPP continues to cover the development of mass housing units based on a specific price ceiling as part of the incentivized priorities of the country.
Rodriguez reiterated that the granting incentives for the private sector who will participate in housing activities directly impacts housing production and supply, as this will ensure their greater
participation in the production of affordable housing.
She also mentioned that this newly approved plan would promote a competitive and resilient economy.*