Valenzuela grants 4-month grace period on rental fees
Valenzuela City announced a four-month grace period for tenants of Disiplina Village Bignay and Disiplina Village Ugong through Ordinance No. 691, Series of 2020.
The moratorium, which was declared on April 13, 2020, seeks to alleviate the financial burden of residents who are experiencing the effects of the extended Luzon-wide Enhanced Community Quarantine (ECQ) due to coronavirus disease (COVID-19) pandemic.
Ordinance No. 691, Series of 2020, otherwise known as the "Rental Payment Moratorium Ordinance for Disiplina Village Residents", grants the residents of the two (2) Disiplina Villages a temporary reprieve of one hundred twenty (120) days from their monthly rental dues covering the period of March 17 to July 15, 2020.
The rental fee accumulated during the 120-day moratorium period shall then be divided into equal installments to be settled in four (4) months following the rent freeze period. The amortized amount shall be added to rental fee due in the next months with no interest, surcharge, or penalty. However, the City Government iterates that the tenants will still have to pay their water, electricity, Internet, and other utility bills during the moratorium period.
The Ordinance also gives authority to Mayor Rex Gatchalian to stretch the moratorium period should the national government decide to further extend the ECQ.
By issuing a rent moratorium, the City Government honors its commitment to uphold the current living condition of the tenants and provide them with decent housing despite the challenges brought about by this global public health emergency.
Disiplina Village is the flagship in-city resettlement site and public rental housing project for the informal settler families (ISFs) of Valenzuela City. Currently, the Disiplina Village Bignay and Disiplina Vilage Ugong house 4,594 ISFs in 143 buildings. Built like mini cities, these villages have city hall annexes or Sentro ng Sama-Samang Serbisyo (3S Centers), daycare centers and schools, health stations and activity centers.
Do you want to learn more about the challenges and predictions for the gambling industry in the Philippines? Find all answers in this article!