CABLING ARNOLFO social housing finance corporation

NORTHERN SAMAR officials back SHFC socialized housing for low-income earners

In an effort to help more families realize their dreams of owning a house, Governor Edwin Marino Ongchuan led other officials of the Province of Northern Samar in pushing for the promotion of a socialized housing program for low-income earners,  during a forum at the Governor’s Residence in Catarman, on Feb. 28.
The forum was attended by Gov. Ongchuan and other provincial government officials, Congressman Paul R. Daza, municipal mayors, barangay captains, national government agency heads and representatives, and the private media.
Participants in the forum collectively vowed to support the need for a socialized housing in the province considering the growing number of people living in danger zones who needs to be relocated wherein majority belongs to the marginalized sector.
In the forum, Social Housing Finance Corporation (SHFC)  President Atty. Arnolfo Cabling presented the corporations’ socialize program as well as their mandates and services to the provincial and local chief executives who were present during the forum.
Cabling said SHFC is the lead government agency mandated to undertake socialized housing for low-income families who aspire to have their own homes.
In their Community Mortgage Program, Cabling said this is a people-led housing finance and community development program intended to assist legally organized associations of low-income groups to acquire and develop a tract of land and houses under the concept of community ownership.
“One of the requirements for the approval of the loan is the lot plan with technical descriptions of the proposed site, duly signed by a licensed geodetic engineer to ensure the place is disaster resilient,” he said.
The agency offers a full package consists of a loan for lot acquisition, site development, and house construction with interest rate as low as 2 percent, he added. (ldl/tbc/PIA-Northern Samar)

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