Even with the limited national budget allocation, Social Housing Finance Corporation (SHFC) continues to provide housing projects for low-income families by undertaking a securitization exercise, called the Community Mortgage Program
Social Housing Finance Corp. President Arnolfo Ricardo Cabling discusses the agency’s securitization initiatives during the ‘Housing Talks’ online forum, initiated by the Organization of Socialized and Economic Housing Developers Inc.
SHFC is undertaking a securitization exercise, called Community Mortgage BALAI Asset-Backed Securities for a portion of its loan portfolio. It will involve the issuance of about P2 billion, which will be used to finance the agency’s housing projects for low-income families.
“We need to be creative in generating funds, considering the limited budget allocated by the national government for housing,” SHFC President Arnolfo Ricardo Cabling said during the “Housing Talks” forum, initiated by the Organization of Socialized and Economic Housing Developers Inc. on June 22.READ MORE