The year 2018 was a banner year for Social Housing Finance Corporation in terms of collections as the agency raised a total of P1.03 billion. It was the first time the agency’s collections breached the P1 billion mark. The figure was 7.67 percent higher than the P958 million recorded from January to December 2017.
“This achievement is attributed to the diligence of our people,” SHFC President Atty. Arnolfo Ricardo Cabling said. “The agency remains committed in its drive to boost revenues in the years to come.”
Meanwhile, the collection efficiency rating of 68.61% for 2018 was almost the same as 2017. Both, however, are higher compared to the previous two years. In terms of dividends remitted to the national government, SHFC contributed roughly P102 million to the Bureau of Treasury in 2018, highlighting not only its relentless drive for efficiency and remarkable financial achievement but also its strong commitment to national development. Even though the figure was lower compared to the P113 million handed over by the agency in 2017, these amounts of dividends paid under the Duterte administration are the two highest ever.
Since 2005, SHFC has remitted P804 million in dividends. The agency’s contributions to the national coffers are part of the P40.17 billion remitted by 55 Government-owned and Controlled Corporations (GOCCs).
“SHFC’s commitment to nation building is stronger than ever. We are proud of the fact that while we are forging resilient communities, we are also contributing to the national coffers. Indeed, as a GOCC, it is our responsibility to continue strengthening our financial sustainability so that we can continue helping more marginalized families,” Atty. Cabling said.
Takeout accomplishments A 45 percent increase in the total number of partner-homeowners assisted through its Community Mortgage Program (CMP) and High Density Housing (HDH) program was recorded in 2018 compared to the previous year’s.
Surging from the 10,468 partner-homeowners accommodated in 2017, a total of 15,202 partner-homeowners received housing aid from SHFC last year. Out of 15,202 partner-homeowners, 13,906 were assisted through CMP while the remaining 1,296 were given support through HDH. Notably about a quarter of these were realized because of the president’s visits to communities and LGUs in order to address bottlenecks in the processing of loans as well as to market our programs.
Overall, 105 projects were implemented in 2018. A total of 42 projects were fulfilled in the National Capital Region, with 4,030 homepartners while 3,751 partner-homeowners benefitted from 21 projects in Luzon. Twenty-two projects were completed in Visayas with 2,467 partner-homeowners assisted.
Fourteen projects with 2,218 partner-homeowners were implemented in Mindanao. Meanwhile, HDH-NCR and HDH-Luzon has four and two projects, respectively.