Vico Sotto eases penalties on delayed housing payments

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Pasig City Mayor Vico Sotto says the government must help housing beneficiaries and only impose what is stated in contracts, instead of letting them get deep into debt.

MAYOR'S 100TH DAY. Pasig City Mayor Vico Sotto addresses residents of Pasig City on October 8, 2019. Photo by Lisa Marie David/Rapplerordered the city's housing unit to stop imposing additional penalties on delinquent payments, pointing out that only a flat rate should be imposed under the contracts with beneficiaries.

These local housing projects include the Marcos-era Bagong Lipunan Improvement of Sites and Services apartments. "Maraming nababaon sa utang dahil dito. Ilan taon nang ginagawa pero wala pa lang basehan na batas o ordinansaFrom now on, those with arrears will only pay a flat rate of 3% for every month they missed a payment. There used to be an interest on late payments for Pasig City's," Sotto said.

 

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