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Copyright©2007 Social Housing Finance Corporation
Copyright©2007 Social Housing Finance Corporation
URBAN POOR HOUSING AGENCY TO SET UP REGIONAL DESK
May 4, 2007
The Social Housing Finance Corporation (SHFC) will set up representative Offices in five (5) key regional cities and post field personnel in four (4) other areas of the country to facilitate the agency’s grant of home financing assistance to urban poor groups in these areas and boost their acquisition of land tenure and housing security.
Lawyer Fermin T. Arzaga, SHFC president, announced that after the May 14 elections, SHFC will take over from the National Home Mortgage Finance Corporation, SHFC’s mother-agency, the latter’s offices located in Cauayan, Isabela; General Santos City; Zamboanga City; Iloilo City and Cebu City.
In addition, SHFC will set up desks and post field personnel at NHMFC regional and zonal offices in Daet, Camarines Norte; Bacolod City; Cagayan de Oro City; and Davao City, to attend to SHFC clients in these places, Atty. Arzaga said.
The SHFC offices are located at: # 058 La Patria Bldg. Maharlika Highway, Cauayan, Isabela, tel. nos. 052-480-5484 and 052-214-3271; 3rd Flr. Platinum Square Bldg., Gen. Luna St., Iloilo City, tel. nos. 033-335-1457 and 033-335-5158; Rm. 304 No. 57, Machay Bldg., Gerardo St., Cebu City, tel. nos. 032-231-1379 and 032-232-0578;
-2nd Flr. RD Bldg., Magsaysay Avenue, Salazar St., General Santos City, tel. no. 083-302-1644; and 3rd Flr., Safaya Bldg., Veterans Avenue, Zamboanga City, tel. no. 062-992-5157.
On the other hand, SHFC shall put up desks at the NHMFC offices located at Blk. 8, Lot 8, Consumer Road, Central Plaza, Brgy. Lag-on, Daet, Camarines Norte; Villasor Bldg. cor., San Juan & Luzurriaga, Bacolod City, tel. no. 034-433-7853 and 034-434-1831; and at 4th Flr., Amigleo Bldg., 369 Bonifacio corner, Bangoy, Davao City.
May 4, 2007
The Social Housing Finance Corporation (SHFC) will set up representative Offices in five (5) key regional cities and post field personnel in four (4) other areas of the country to facilitate the agency’s grant of home financing assistance to urban poor groups in these areas and boost their acquisition of land tenure and housing security.
Lawyer Fermin T. Arzaga, SHFC president, announced that after the May 14 elections, SHFC will take over from the National Home Mortgage Finance Corporation, SHFC’s mother-agency, the latter’s offices located in Cauayan, Isabela; General Santos City; Zamboanga City; Iloilo City and Cebu City.
In addition, SHFC will set up desks and post field personnel at NHMFC regional and zonal offices in Daet, Camarines Norte; Bacolod City; Cagayan de Oro City; and Davao City, to attend to SHFC clients in these places, Atty. Arzaga said.
The SHFC offices are located at: # 058 La Patria Bldg. Maharlika Highway, Cauayan, Isabela, tel. nos. 052-480-5484 and 052-214-3271; 3rd Flr. Platinum Square Bldg., Gen. Luna St., Iloilo City, tel. nos. 033-335-1457 and 033-335-5158; Rm. 304 No. 57, Machay Bldg., Gerardo St., Cebu City, tel. nos. 032-231-1379 and 032-232-0578;
-2nd Flr. RD Bldg., Magsaysay Avenue, Salazar St., General Santos City, tel. no. 083-302-1644; and 3rd Flr., Safaya Bldg., Veterans Avenue, Zamboanga City, tel. no. 062-992-5157.
On the other hand, SHFC shall put up desks at the NHMFC offices located at Blk. 8, Lot 8, Consumer Road, Central Plaza, Brgy. Lag-on, Daet, Camarines Norte; Villasor Bldg. cor., San Juan & Luzurriaga, Bacolod City, tel. no. 034-433-7853 and 034-434-1831; and at 4th Flr., Amigleo Bldg., 369 Bonifacio corner, Bangoy, Davao City.
HOUSING PARTNERSHIP
April 11, 2007
Recognizing the multi-sectoral private initiatives in providing shelter for the homeless underprivileged, Atty. Fermin T. Arzaga ( above ), president of the Social Housing Finance Corporation, has called for stronger government-private sector partnership in addressing the country’s housing needs. A guest during the recent inauguration of the first two clusters of the medium-rise, “Rotaryville Family Townhomes,” at the Food Terminal, Inc. compound, Taguig City, Atty. Arzaga cited the partnership of Habitat for Humanity Philippines, Rotary Club of Manila, Taguig City government, and the Center for Community Transformation in enabling the construction of the housing units.
April 11, 2007
Recognizing the multi-sectoral private initiatives in providing shelter for the homeless underprivileged, Atty. Fermin T. Arzaga ( above ), president of the Social Housing Finance Corporation, has called for stronger government-private sector partnership in addressing the country’s housing needs. A guest during the recent inauguration of the first two clusters of the medium-rise, “Rotaryville Family Townhomes,” at the Food Terminal, Inc. compound, Taguig City, Atty. Arzaga cited the partnership of Habitat for Humanity Philippines, Rotary Club of Manila, Taguig City government, and the Center for Community Transformation in enabling the construction of the housing units.
P905.7-M IN HOMELOANS SET FOR URBAN POOR
March 21, 2007
Some 16,122 homeless urban poor families are the target beneficiaries this year of group housing loans in the total amount of P905.7-million to finance their acquisition of land tenure and assure their housing requirements under the government’s Community Mortgage Program (CMP).
This is according to a press report by Atty. Fermin T. Arzaga, president of the Social Housing Finance Corporation (SHFC), mandated as the lead government agency to address the housing requirements of the low-income workers both in the private and government sectors, particularly the homeless underprivileged through program interventions such as CMP.
This year’s targets, which also include attaining an 80% collection efficiency for CMP accounts, were recently adopted following SHFC’s recent corporate planning session.
“We have also adopted corporate strategies, supported by action plans of each SHFC department, to assure the attainment of these targets,” Atty. Arzaga said.
These include instituting systems and procedures to assure the efficient delivery of housing loan services; adoption of alternative programs to address low-income housing, such as using rights-based approaches to secure land and housing tenure of beneficiaries; and increasing the institutional capability of SHFC program partners, such as community associations, non-government/people’s organizations, and local government units.
To attain the 80% loan collection efficiency target, SHFC is undertaking a data build-up of loan payments by beneficiaries, while strengthening linkages with participating LGUs , NGOs, and CMP loan originators on loan collection.
Moreover, CMP loan conduit-institutions or originators are also required to maintain a loan collection efficiency of 80% for their previously-assisted community associations, if they wish to continue participating in the CMP program.
SHFC also targets to augment the P500-million annual subsidy it gets from the general appropriations act by exploring linkages with both local and foreign lending institutions to access off-budget funds to meet the fund requirement for homelending to the homeless urban poor, Arzaga added.
March 21, 2007
Some 16,122 homeless urban poor families are the target beneficiaries this year of group housing loans in the total amount of P905.7-million to finance their acquisition of land tenure and assure their housing requirements under the government’s Community Mortgage Program (CMP).
This is according to a press report by Atty. Fermin T. Arzaga, president of the Social Housing Finance Corporation (SHFC), mandated as the lead government agency to address the housing requirements of the low-income workers both in the private and government sectors, particularly the homeless underprivileged through program interventions such as CMP.
This year’s targets, which also include attaining an 80% collection efficiency for CMP accounts, were recently adopted following SHFC’s recent corporate planning session.
“We have also adopted corporate strategies, supported by action plans of each SHFC department, to assure the attainment of these targets,” Atty. Arzaga said.
These include instituting systems and procedures to assure the efficient delivery of housing loan services; adoption of alternative programs to address low-income housing, such as using rights-based approaches to secure land and housing tenure of beneficiaries; and increasing the institutional capability of SHFC program partners, such as community associations, non-government/people’s organizations, and local government units.
To attain the 80% loan collection efficiency target, SHFC is undertaking a data build-up of loan payments by beneficiaries, while strengthening linkages with participating LGUs , NGOs, and CMP loan originators on loan collection.
Moreover, CMP loan conduit-institutions or originators are also required to maintain a loan collection efficiency of 80% for their previously-assisted community associations, if they wish to continue participating in the CMP program.
SHFC also targets to augment the P500-million annual subsidy it gets from the general appropriations act by exploring linkages with both local and foreign lending institutions to access off-budget funds to meet the fund requirement for homelending to the homeless urban poor, Arzaga added.
A BANNER YEAR FOR URBAN POOR HOME FINANCE
Dec. 20, 2006
The country's homeless urban poor, consisting of those in the lowest thirty percent of the income population and previously without access to cheap credit for land and housing acquisition, have availed themselves of a record amount of P693.5-million in housing loans under the Community Mortgage Program (CMP) this year (ending 15 Dec.), making 2006 another banner year for urban poor housing finance.
In a year-end report to Vice Pres. Noli de Castro, concurrent chairman of the Housing and Urban Development Coordinating Council, Lawyer-Accountant Fermin T. Arzaga, president of the Social Housing Finance Corporation (SHFC), announced that the year's loan amount exceeded the P600-million target by 15.5%, and is 38.7% higher than the P500-million in subsidies released during the year to bank-roll the grant of loans to finance land tenure and housing by the informal settlers.
“With the monthly loan performance averaging P60.6-million per month from January to November this year, total year-end loans are expected to hit P723.9-million, slightly higher than the P722-million level reached in the previous year (2005),” Arzaga informed.
This year's CMP loan performance is reflective of the pro-poor housing bias of the housing agencies under the stewardship of Vice Pres. Noli de Castro, concurrent chairman of the Housing and Urban Development Coordinating Council, Arzaga said.
Under Vice Pres. de Castro's policy initiatives, CMP shall continue to be a program that is beneficiary-led, well-targeted, and biased towards on-site and in-city urban renewal to avert any demolition of informal settlements or cause any possible dislocations or hardships to the homeless urban poor, Arzaga added.
Dec. 20, 2006
The country's homeless urban poor, consisting of those in the lowest thirty percent of the income population and previously without access to cheap credit for land and housing acquisition, have availed themselves of a record amount of P693.5-million in housing loans under the Community Mortgage Program (CMP) this year (ending 15 Dec.), making 2006 another banner year for urban poor housing finance.
In a year-end report to Vice Pres. Noli de Castro, concurrent chairman of the Housing and Urban Development Coordinating Council, Lawyer-Accountant Fermin T. Arzaga, president of the Social Housing Finance Corporation (SHFC), announced that the year's loan amount exceeded the P600-million target by 15.5%, and is 38.7% higher than the P500-million in subsidies released during the year to bank-roll the grant of loans to finance land tenure and housing by the informal settlers.
“With the monthly loan performance averaging P60.6-million per month from January to November this year, total year-end loans are expected to hit P723.9-million, slightly higher than the P722-million level reached in the previous year (2005),” Arzaga informed.
This year's CMP loan performance is reflective of the pro-poor housing bias of the housing agencies under the stewardship of Vice Pres. Noli de Castro, concurrent chairman of the Housing and Urban Development Coordinating Council, Arzaga said.
Under Vice Pres. de Castro's policy initiatives, CMP shall continue to be a program that is beneficiary-led, well-targeted, and biased towards on-site and in-city urban renewal to avert any demolition of informal settlements or cause any possible dislocations or hardships to the homeless urban poor, Arzaga added.
