From resettling to safe homes Informal Settler Families (ISF) in rivers, shorelines and other risk areas, the Social Housing Finance Corporation (SHFC) is going to the ruins of Marawi City to provide low-cost, long-term housing loans to residents who lost their homes in the siege by terrorist of the Muslim City in 2017. And more. SHFC, the government agency tasked with providing socialized housing to homeless Filipinos, could even go to the mountains to build homes for the lumads or to areas ravaged by typhoons, earthquakes and other natural disasters to build houses for the displaced.

The SHFC is reinforcing its wings to reach out to more sectors to achieve its mission to provide houses to about 500,000 homeless Pinoys by the end of the term of President Rodrigo Duterte.

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To date, the SHFC’s flagship program Community Mortgage Program (CMP) has already benefited, since its inception,  about 350,000 families through assistance of more than P16 Billion in housing loans to homeless Filipinos.
The race to build low-cost housing is fast-paced as SHFC attempts to do its part to meet its target.
Secretary Eduardo del Rosario, chair of the newly-created Department of Human Settlements and Urban Development (DHSUD), has dire forebodings for the future of the housing needs of  Filipinos: 6.5 million by 2022 and ballooning to 20.5 million in 2040 if nothing is done to avert the sad scenario of millions of homeless Pinoys.
DHSUD, created by President Rodrigo Duterte on February 14, 2019, is a merger of the erstwhile Housing and Urban Development Coordinating Council (HUDCC), then also chaired by del Rosario, and the now defunct Housing and Land Use Regulatory Board (HLURB). Now the country’s primary regulatory and policy-making housing body, DHSUD came into operation in January 2020.
In achieving its mission to provide homes to the homeless Filipinos, DHSUD will be backed up by its line agencies: Social Housing Finance Corporation (SHFC), National Housing Authority (NHA), National Home Mortgage Finance Corp. (NHMFC), Home Development Mutual Fund (Pag-ibig Fund) and Home Guarantee Corp. (HGC)
To keep pace with the growing demand for safe, resilient, and sustainable housing, SHFC is introducing trailblazing financing programs with the launch of 12 CMP modalities.
The 12 modalities were announced on January 24, 2020, by del Rosario and Atty. Arnolfo Ricardo Cabling, President of SHFC, during the 16th Founding Anniversary of SHFC in Makati City.
They are the Housing for Peace Process & Nation Building, which is currently being implemented in Zamboanga City and Marawi City, and Post Disaster Recovery and Rehabilitation, which is offered for families affected by disasters such as those rendered homeless by Typhons Yolanda and Sendong.
The other CMP modalities are On-Site and Site Upgrading/Development, Special/National Government Agency Projects, Local Government Unit, Sectoral, Farm lot, Industrial workers, Culturally Sensitive/Indigenous People, Vertical, Mixed-Use/Township, and Turnkey/Public and Private Partnership.
At the anniversary event, Cabling also bared that SHFC is pruning down of interest on housing loans from 6% to 2%; and agency’s housing loan condonation program for defaulting borrowers that would last in 2021.

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