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Rental rate hike for poor households capped at 4%
The Philippine Star
|December 28, 2023
The National Human Settlements Board (NHSB) has approved a four percent cap on increases in rental rates of P10,000 and below, effective Jan. 1 until the end of the year.
In a statement yesterday, the Department of Human Settlements and Urban Development (DHSUD) said the cap contained in NHSB Resolution No. 202303 finalized on Oct. 13 and published on Dec. 16 was meant to "avoid unwarranted increase in rental rates among lower income families." The previous cap was 11 percent.
Based on the resolution, the implementation of rental regulation under the previous Resolution No. 2022-01 shall continue except for the modification on the rate increase.
Dit verhaal komt uit de December 28, 2023-editie van The Philippine Star.
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