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What is Expropriation Policy for Social Housing about?

This presidential decree from Ferdinand Marcos defines the policy on expropriating private property for socialized housing upon payment of just compensation. It clarifies that acquiring private land for socialized housing, which includes building homes for the middle and lower classes, qualifies as acquiring land for "public use." It also specifies that just compensation will be based on either the value declared by the land owner or the value determined by the city/provincial assessor, whichever is lower.

Author

givemeasign24

Language

EN