Section 8Sec./Art. 8

Powers and Functions of the QCDA. The QCDA shall have the following powers and functions in accordance with the established urban development and housing plan prepared by the Quezon City government:

(a) Develop and implement a comprehensive and integrated urban renewal program for Quezon City;

(b) Promote urban housing communities development in Quezon City with due consideration to ecological balance and geohazard assessment;

(c) Acquire, develop, and manage lands and buildings of every kind and character whether belonging to or to be acquired by the QCDA;

(d) Invest its funds as it may deem proper, in bonds and securities issued and guaranteed by the city government or the national government;

(e) Promote housing development by providing technical assistance to any related development project;

(f) Receive donations, grants and bequests for the resettlement of displaced families and development of socialized housing;

(g) Enter into joint ventures and partnerships to allow investments;

(h) Review for possible implementation the recommendations of the Quezon City Local Housing Board;

(i) Plan, implement and monitor urban renewal programs, in coordination with the Environmental Management Bureau of the Department of Environment and Natural Resources, to protect and conserve unique, vital and sensitive ecosystems, watershed areas, scenic landscapes, cultural sites and provide resources and funding support for that purpose;

(j) Develop, improve, administer, subdivide or lease any lands, buildings, estates and other forms of real property acquired by the QCDA;

(k) Invest in various proprietary ventures to earn income to pursue its primary objective of urban renewal;

(l) Exercise all necessary corporate powers under Batas Pambansa Blg. 68, or the Corporation Code of the Philippines; and

(m) Perform such other acts necessary to effect the policies and achieve the objectives herein declared.