TO BOOST LOCAL SOCIALIZED HOUSING PROGRAM
North Cotabato Governor Nancy Catamco backed a proposal by state-owned Social Housing Finance Corporation (SHFC) to build a satellite office in her province that would speed up delivery of low-cost housing to the homeless, poorest of the poor.
Atty. Arnolfo Ricardo Cabling, SHFC president, said the satellite office would be established in North Cotabato’s capital city of Kidapawan in a bid to bring down the government’s socialized housing program closer to the people.
SHFC is the government agency that extends low-cost, long term housing loans to community and homeowners associations under its flagship project, the Community Mortgage Program (CMP).
The SHFC Kidapawan City satellite office would be among several established nationwide as the agency spreads its wings to the provinces to reach more of the country’s homeless poor, especially those displaced by demolition and those living in risk areas.
Speaking at the meeting of City and Municipal Planning and Development Coordinators at the Provincial Capitol on September 4, Cabling bared that Gov. Catamco is in support of the establishment of the satellite office. The SHFC satellite was expected to back up the government’s social housing program, among the province’s top priorities, as spelled out in an executive order issued by the governor on September 1, 2020. Cabling, the guest speaker of the gathering, briefed the participants on the mechanics of the CMP and the low-interest, long-term housing loans offered to beneficiaries through their duly-organized community/homeowners associations.