CABLING ARNOLFO

SHFC floats P2-B bonds to fund housing projects for poor families

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

SHFC floats P2-B bonds to fund housing projects for poor families

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s