SHFC, DAET sign MOU on socialized housing

Social Housing Finance Corporation (SHFC), the lead government agency that administers socialized housing initiatives for low-income families, has added Daet, Camarines Norte to its growing list of local government partners with the signing of a memorandum of understanding (MOU) for the implementation of the Community Mortgage Program (CMP) in the municipality.

MOU signed for Daet socialized housing

SHFC President Atty. Arnolfo Ricardo Cabling and Mayor Benito Ochoa inked the deal on July 1 in a video conference facilitated by the Partner Relations Division and the Strategic Communications Division. Witnessing the event were SHFC Executive Vice President Atty. Junefe Payot, Legal, Partners, Policy Enforcement Group Senior Vice President Atty. Leo Deocampo, South Luzon Operations Vice President Lito Manes, Jr., and Daet Municipal Planning and Development Head Arch. Emily Palomiano.
Attesting to the agency’s dedication to its mandate despite the COVID-19 pandemic, the virtual ceremony was the second of its kind for SHFC. On June 18, it signed a similar agreement virtually with the local government of Taysan, Batangas.
Under the MOU, the two parties will ensure safe, resilient, and sustainable housing for informal settler families in Daet. SHFC will provide affordable financing schemes which organized communities can avail to purchase the land they occupy or would like to relocate to. “Gumagawa
tayo ng paraan upang mapababa ang halaga ng pabahay,” Atty. Cabling said, noting that SHFC’s interest rates have gone as low as 2 percent for the poorest households.
Citing the mandate of local government units under the Urban Development and Housing Act of 1992, Atty. Cabling emphasized the critical role that they play in ensuring adequate housing for underprivileged families. He commended Daet for sharing the collective ambition of SHFC and
other key shelter agencies in tackling homelessness in the country. “Nasa pagkakaisa at pagtutulungan natin ang tagumpay ng programang ito,” Atty. Cabling said.
For his part, Mayor Ochoa thanked SHFC for helping the town address its housing needs. He promised to ensure the success of the collaborative initiative for his constituents. Palomiano shared the sentiment, adding that as many as 500 informal settler families in Daet are already poised to
initially benefit from the deal, which was backed by a resolution passed by the municipal council last year.
SHFC has so far forged similar agreements with 88 local government units, including 13 new partners added this year. In the light of the pandemic, the agency continues with the provision of adequate housing, which has become even more crucial now given that viruses spread fast in congested informal settlements. To date, it has provided security of tenure to more than 350,000 families through over P16 billion in loan assistance under the Community Mortgage Program.

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