Section 40Sec./Art. 40

Role of Government Housing Agencies.- In addition to their respective existing powers and functions, and those provided for in this Act, the hereunder mentioned housing agencies shall perform the following:

a. The Housing and Urban Development Coordinating Council shall, through the key housing agencies, provide local government units with necessary support such as:

1. Formulation of standards and guidelines as well as providing technical support in the preparation of town and land use plans;

2. In coordination with the National Economic and Development Authority and the National Statistics Office, provide data and information for forward-planning by the local government units in their areas, particularly on projections as to the population and development trends in their localities and the corresponding investment programs needed to provide appropriate types and levels of infrastructure, utilities, services and land use patterns; and

3. Assistance in obtaining funds and other resources needed in the urban development and housing programs in their areas of responsibility.

b. The National Housing Authority, upon request of local government units, shall provide technical and other forms of assistance in the implementation of their respective urban development and housing programs with the objective of augmenting and enhancing local government capabilities in the provision of housing benefits to their constituents;

c. The National Home Mortgage Finance Corporation shall administer the Community Mortgage Program under this Act and promulgate rules and regulations necessary to carry out the provisions of this Act; and

d. The Home Insurance Guaranty Corporation shall design an appropriate guarantee scheme to encourage financial institutions to go into direct lending for housing.