www.shfcph.com
Copyright©2007 Social Housing Finance Corporation
Copyright©2007 Social Housing Finance Corporation
Local Government Units [LGUs] (Cities, Municipalities)
• Updated Local Housing backlog inventory;
• Updated Comprehensive Land Use Plan (CLUP) and updated Comprehensive Shelter Plan (CSP) approved by the Local
Housing Board (LHB);
• Functioning LHB;
- Creation of LHB should be at the Local level with equitable multi sectoral representation and must have a Non-
Government Organization (NGO)/People’s Organization (PO) representative involved in housing and urban development
• Functioning unit in charge of social housing/housing programs;
• Budget allocation approved by Sanggunian;
• Has not exceeded allowable 20% credit carrying capacity;
• Approved Annual Investment Plan (AIP) with LCMP project/s; and
• An updated list of present and previous beneficiaries of National and local Government Housing Programs (e.g. National
Housing Authority housing programs, etc.).
Community Association [CA]
• Registered with Housing and Land Use Regulatory Board (HLURB);
• Prioritized target as reflected in the CSP and AIP;
• Financially Stable; and
- Show at least one (1) year historical statement of bank account
• Open a savings account to be called the Community Fund.
- Balance Equivalent to six (6) months amortization of the LCMP loan
Member-Beneficiaries [MB]
• Bonafide resident of LGU and member of CA;
• Has not yet availed any housing loan;
• Do not own or co-own any housing unit; and
• Eligible under Community Mortgage Program (CMP) guidelines:
- Legal age (18-60 yrs. Old);
- Husband and Wife (1 loan);
- No lot/housing loan; and
- Earning.
• Updated Local Housing backlog inventory;
• Updated Comprehensive Land Use Plan (CLUP) and updated Comprehensive Shelter Plan (CSP) approved by the Local
Housing Board (LHB);
• Functioning LHB;
- Creation of LHB should be at the Local level with equitable multi sectoral representation and must have a Non-
Government Organization (NGO)/People’s Organization (PO) representative involved in housing and urban development
• Functioning unit in charge of social housing/housing programs;
• Budget allocation approved by Sanggunian;
• Has not exceeded allowable 20% credit carrying capacity;
• Approved Annual Investment Plan (AIP) with LCMP project/s; and
• An updated list of present and previous beneficiaries of National and local Government Housing Programs (e.g. National
Housing Authority housing programs, etc.).
Community Association [CA]
• Registered with Housing and Land Use Regulatory Board (HLURB);
• Prioritized target as reflected in the CSP and AIP;
• Financially Stable; and
- Show at least one (1) year historical statement of bank account
• Open a savings account to be called the Community Fund.
- Balance Equivalent to six (6) months amortization of the LCMP loan
Member-Beneficiaries [MB]
• Bonafide resident of LGU and member of CA;
• Has not yet availed any housing loan;
• Do not own or co-own any housing unit; and
• Eligible under Community Mortgage Program (CMP) guidelines:
- Legal age (18-60 yrs. Old);
- Husband and Wife (1 loan);
- No lot/housing loan; and
- Earning.
I. Application for Omnibus Commitment Line [OCL]
a. Application for OCL backed up by a list of households covered by census and tagging and schedule of line availment.
II. Availment of the Approved OCL
a. Sanggunian Ordinance stipulating the ff:
i. Authorizing the Local Chief Executive to assign the Internal Revenue Allotment (IRA) or other forms of acceptable
Guaranty [Local Government Unit Guarantee Corporation (LGUGC), Home Guarantee Corporation (HGC)] in favor
of SHFC as well as sign, negotiate and transact with SHFC and other LCMP partners to fully operationalize and
implement LCMP in the locality;
ii. Specifying the amount and period of IRA assignment and detailing the terms and conditions of partner-LGUs
participation/obligation in LCMP;
iii. Ratifying the MOA executed by and between SHFC and the DILG; and
iv. Furnishing Land Bank of the Philippines (LBP)/Development Bank of the Philippines (DBP) a copy of subject
resolution and authorizing partner-LGU’s execution of agreements with LBP/DBP as stipulated in the LCMP MOA.
b. Certification of existence of a Community Fund by the CA;
c. Title to the property; and
d. Submission of copy of all authentic, valid binding and enforceable loan documents and appraisal of project site.
a. Application for OCL backed up by a list of households covered by census and tagging and schedule of line availment.
II. Availment of the Approved OCL
a. Sanggunian Ordinance stipulating the ff:
i. Authorizing the Local Chief Executive to assign the Internal Revenue Allotment (IRA) or other forms of acceptable
Guaranty [Local Government Unit Guarantee Corporation (LGUGC), Home Guarantee Corporation (HGC)] in favor
of SHFC as well as sign, negotiate and transact with SHFC and other LCMP partners to fully operationalize and
implement LCMP in the locality;
ii. Specifying the amount and period of IRA assignment and detailing the terms and conditions of partner-LGUs
participation/obligation in LCMP;
iii. Ratifying the MOA executed by and between SHFC and the DILG; and
iv. Furnishing Land Bank of the Philippines (LBP)/Development Bank of the Philippines (DBP) a copy of subject
resolution and authorizing partner-LGU’s execution of agreements with LBP/DBP as stipulated in the LCMP MOA.
b. Certification of existence of a Community Fund by the CA;
c. Title to the property; and
d. Submission of copy of all authentic, valid binding and enforceable loan documents and appraisal of project site.
