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MAIDEN SHFC POST-DISASTER HOUSING BREAKS GROUND IN CORON, PALAWAN
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Social Housing Finance Corporation’s (SHFC) first housing project supporting the survivors of “Yolanda” officially broke ground in Palawan on November 28, six years after the super typhoon struck the province. The initiative, financed under the Community Mortgage Program (CMP) Post-Disaster Recovery and Rehabilitation modality, will benefit a total of 143 families from Guadalupe Homeowners Association, Inc. (HOAI) who live along the coastal areas in the municipality of Coron.

Held in Brgy. Guadalupe, the groundbreaking ceremony was led by SHFC President Atty. Arnolfo Ricardo Cabling and Mayor Mario Reyes. Also gracing the event were SHFC Board of Directors, Recovery Projects Vice President Annicia Villafuerte, Visayas Operations OIC Vice-President Jesus Eden Cidro, Provincial Information Officer Winston Arzaga, who represented Governor Jose Chavez Alvarez, and community members.

In his speech, Atty. Cabling highlighted the importance of community effort in reducing coastal disaster vulnerability. “Sa patuloy na pagtutulungan at pagkakaisa natin, ng local government, barangay, probinsya, parokya, at iba pang miyembro ng ating komunidad, masisiguro natin na malulutas ang suliraning pabahay para sa mga communities sa coastal areas ng Coron,” he said.

The Post-Disaster Recovery and Rehabilitation is one of the new modalities of CMP which provides immediate assistance on disaster-resilient community housing projects and site development during times of disaster. CMP has provided security of tenure to more than 310,000 families and has released about P15 billion in loan assistance since it was launched in 1988.

Taken out in June 2018, Guadalupe HOAI is headed by Enrico Sadang and was mobilized by the provincial government of Palawan.