Preamble
WHEREAS, the national government through the National Housing Authority (NHA) is undertaking a continuing program of eliminating and preventing squatting in danger areas, land needed for the infrastructure program of the government and privately-owned land; WHEREAS, the policies of the national government as provided in Letters of Instructions Nos. 555, 556 and 557 as amended by Letter of Instructions No. 686 require the development of resettlement sites for the accommodation of families to be removed from the aforementioned areas; WHEREAS, the relocation and resettlement of squatter families from the aforementioned areas is a governmental function being undertaken through the NHA as a priority program of the national government; WHEREAS, the NHA's housing program for marginal and low income families is based on the principle that investments in housing development must be recovered in order to ensure its viability as a Corporation and the continuity of its programs; WHEREAS, resident families in the resettlement areas are experiencing severe financial difficulties aggravated by the physical and economic dislocation they have to overcome in starting a new life in the said resettlement projects; WHEREAS, majority of the resettled families in NHA resettlement projects are unable to pay their monthly amortization paymants for their respective homelots and have repeatedly petitioned for the reduction of such amortization payments; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree: