Preamble
WHEREAS, the programs and projects of the National Housing Authority are for marginal and low income groups of our people; WHEREAS, taxes, fees and special assessments, whether local or general, constitute a significant component of the costs being charged to project beneficiaries; WHEREAS, there is a need to institute every possible means of reducing costs so that such Projects shall be more affordable to their beneficiaries; WHEREAS, all the predecessor housing agencies that were abolished and whose functions were taken over by the National Housing Authority under Presidential Decree No. 757 were tax exempt; WHEREAS, Presidential Decree No. 1922 dated 6 May 1984 exempted the National Housing Authority "from the payment of any and all fees and taxes of any kind" which exemption was subsequently withdrawn by Presidential Decree No. 1931, dated 11 June 1984; WHEREAS, the housing programs and related services of the National Housing Authority respond directly to the needs of the urban poor and thus serve a priority national interest; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution of the Philippines, do hereby order and decree: