Vico Sotto lowers penalty for late socialized housing payments

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Metro Manila (CNN Philippines, October 8) — Pasig City Mayor Vico Sotto had a busy 100th day in office.

On Tuesday morning, he issued a memorandum to stop the compounding penalties for delinquent payments for socialized housing projects.

"The imposition of compounding penalties on delinquent payments for the city's in-city housing projects has no legal or contractual basis. In fact, the contract between the projects' occupants/beneficiaries and the city government only provides a flat rate of 3 percent penalty for every month of delinquency," Sotto said in his order.

He said in-city housing projects are for the poor, and that they shouldn't be forced to borrow money just to pay for housing

He added the local government is looking into the possibility of lowering monthly payments and penalties for socialized housing.

He also shut down a meat processing plant for contaminating the Pasig river

READ: Mayor Vico Sotto shuts down meat-processing plant contaminating Pasig River

Sotto, a first-time mayor, ended the 27-year reign of the Eusebio clan. He was a city councilor for one term.

He is the son of actors Vic Sotto and Coney Reyes.