Ang Bagong Komunidad: July-August 2018

As we mark the 30 th anniversary of Community Mortgage Program, we look back on what has been a quite remarkable achievement of Social Housing Finance Corporation’s mortgage financing system. From 1989 to June 2018, SHFC approved a total loan assistance of Php 19.42 billion, benefitting 320,972 informal settler families through CMP and the High Density Housing Program. In Luzon, a total of 239,522 families have been assisted, while the number of beneficiaries in Visayas and Mindanao reached 32,260 and 49,190, respectively.

Social Housing Finance Corporation is one of the key agencies that is playing a vital role in the second phase of the North-South Commuter Rail Project, which is aimed at improving transportation and logistics services between Metro Manila and Legazpi City in Albay Province. Under the memorandum of agreement signed on December 28, 2017, SHFC President Atty. Arnolfo Ricardo B. Cabling, Department of Transportation (DOTr) Secretary Arthur P. Tugade, Housing and Urban Development Council Chairman Eduardo D. Del Rosario, and Philippine National Railways General Manager Junn B. Magno, an initial amount of Php 3 billion has been  made available to SHFC to implement community-driven projects for about 26,000 families at the Tutuban-Los Baños segment and Calamba-Batangas branchline. The amount will be used to administer social housing schemes such as the Community Mortgage Program, Abot Kaya Pabahay Fund, and High Density Housing Projects in the affected areas. SHFC is also ma...

There is no shortage of anecdotes about classic Filipino traits and characteristics. Here’s one: we are known for resiliency in adversity and gratefulness to acts of goodwill we received. This rings true for the occupants of ALPAS I HOA, a community-driven housing project of Social Housing Finance Corporation in Barangay Panaklayan, San Jose del Monte, Bulacan. “Sobrang laki pong blessing sa amin itong bahay na ito. Dahil kami po mismo na nakatira dito, ibang-iba na po ang sitwasyon namin ngayon. Matatawag na po namin na bahay na po talaga siya,” shared Cecilia Santos, one of the owners of the occupied housing units that were turned over in April, as she expressed her gratitude when she finally realized her family’s dream of owning their own home. “Sobrang blessed kami na ginamit kayo ng Diyos at ng gobyerno natin na makatira kami sa ganitong bahay.” Mrs. Santos, a mother of three, and her fellow homeowners used to live along Marilao River in Barangay Bagong Silang in Ca...