SHFC RELEASES P228M housing loans in First Quarter

The Social Housing Finance Corporation ( SHFC) reported that it had released loans amounting to P228.8 million through 13 projects under its Community Mortgage Program that benefitted 3,742 ISFs during the first quarter of the year.

SHFC, the government’s lead housing agency implementing the state’s socialized housing program, also rolled out five other housing schemes that helped improve the lives of 8,282 ISF families across the country.

SHFC also highlighted a nearly 84% modified collection efficiency rate as of January 2021 and succeeded in raking in P248.19 million in payment collections as of the end of March this year.

DHSUD Secretary Eduardo Del Rosario and SHFC Presiden tAtty. Arnolfo Ricardo Cabling

The Department of Human Settlements and Urban Development’s (DHSUD) said its key shelter agencies (KSAs) posted significant achievements during the first quarter of the year despite the ongoing COVID-19 pandemic.

This was bared during the first National Human Settlements and Urban Development Coordinating Committee meeting spearheaded by DHSUD Secretary Eduardo Del Rosario on Monday, May 31, 2021.

The KSAs – namely the Home Mutual Development Fund or Pag-IBIG Fund, National Housing Authority (NHA), Social Housing Finance Corporation (SHFC) and the National Home Mortgage Finance Corporation (NHMFC) plus the Human Settlements Adjudication Commission (HSAC) – presented their respective accomplishments during the January-March 2021 period. READ MORE

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