Social Housing Finance Corporation (SHFC) and the provincial government of Batangas inked a memorandum of understanding (MOU) for the implementation of housing projects for more than 250 families from three municipalities. SHFC President Atty Arnolfo Ricardo Cabling and Gov. Hermilando Mandanas signed the agreement in a virtual ceremony held on August 10.
Under the deal, SHFC will finance the lot acquisition, site development, and house construction of Kapitbahay Homeowners’ Association and Tambakan Homeowners’ Association through its flagship initiative, the Community Mortgage Program (CMP), which is marking its 32nd anniversary for the entire month of August.
A total of 255 families from 11 barangays from the towns of Nasugbu, Tuy, and Balete will benefit from these projects. These are just the initial number of families in Batangas who stand to benefit from the CMP.
The MOU was signed in the presence of SHFC Vice President for Recovery Program and Community Resiliency Vice President Annicia Villafuerte, SHFC Southern Luzon Operation Vice President Jimmy Manes, and Provincial Administrator Librado Dimaunahan. It was the seventh of its kind that the agency forged with local government units (LGUs) using video conferencing technology to adapt to the normal.
In his speech, Atty. Cabling said SHFC has been actively partnering with LGUs to help them address their housing needs. He noted that not many LGUs seriously looked into providing housing to their constituents as part of its mandate. “Many are saying we don’t have the fund, that’s why we are here to help them finance their housing projects,” he added.
Mandanas, on the other hand, expressed confidence that the MOU with SHFC will help the province effectively respond to its housing needs. “Hindi lang ako nalulugod at nagpapasalamat, kundi pinaaabot din sa inyo ang aking taos-pusong pakikiisa,” Mandanas said.
Aside from the initial CMP housing projects, SHFC and the provincial government are also looking to partner to provide permanent shelter for families affected by the eruption of Taal Volcano in January. SHFC has so far forged similar agreements with 93 local government units, including 18 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 400,000 families through about P24 billion in loan assistance under the CMP.