Section 32Sec./Art. 32

Incentives. - To encourage its wider implementation, participants in the CMP shall be granted with the following privileges or incentives:

a. Government-owned or-controlled corporations and local government units, may dispose of their idle lands suitable for socialized housing under the CMP through negotiated sale at prices based on acquisition cost plus financial carrying costs;

b. Properties sold under the CMP shall be exempted from the capital gains tax; and

c. Beneficiaries under the CMP shall not be evicted nor dispossessed of their lands or improvements unless they have incurred arrearages in payments of amortization for three (3) months.