SFHC assumes active role in DOTr’s North-South Railway Project



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 mandated to provide technical assistance to community associations during the actual implementation of the housing projects and deliver support to the Presidential Commission for the Urban Poor, local government units, and civil society organizations, on the social preparation activities of affected communities, specifically on the loan documentation processes.

On January 12, SHFC Board of Directors and Senior Officers, headed by Atty. Cabling, together with representatives from DOTr, Asian Development Bank, and Japan International Cooperation Agency, conducted a railway project visit from Solis station in Manila to Los Baños, Laguna for the resettlement plan of families to be affected in the Phase II of the project, which includes Tutuban, Calamba, Batangas, Legazpi, and Matnog.

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