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Social Housing Finance Corporation (SHFC), the lead government agency that administers socialized housing programs for low-income families, forged a partnership with the local government of Taysan, Batangas, for the implementation of the Community Mortgage Program (CMP) in the municipality. Adapting to the new normal as a result of the COVID-19 pandemic, SHFC President Atty. Arnolfo Ricardo Cabling and Mayor Grande Gutierrez signed the memorandum of understanding (MOU) in a videoconference on June 18 spearheaded by the Partner Relations Division and the Strategic Communications Division. SHFC Executive Vice President Atty. Junefe Payot, Operations Senior Vice President Atty. Leo Deocampo, SHFC South Luzon Operations Vice President Lito Manes, and Municipal Planning and Development Head Engr. Bienvenido Briez, Jr. witnessed the event that was broadcast live on SHFC’s Facebook page. The virtual signing through videoconferencing technology was a first for SHFC and attests to the agency’s dedication to its mandate no matter the challenges.

“We are happy that Taysan is ready to undertake resettlement for its informal settler families amid the crisis,” said Atty. Cabling, noting that priority beneficiaries are those living along danger areas and waterways and families affected by government projects and facing the threat of eviction. He also emphasized the significance of the MOU with Taysan amidst the pandemic, saying that
adequate housing plays a vital role in preventing and containing the spread of diseases such as that caused by COVID-19. “We have to provide a safe place for every family to ensure that social distancing is practiced in the community,” Atty. Cabling said.
For his part, Gutierrez thanked SHFC for helping the town address its housing needs. “Kami po ay tuwang-tuwa sa programang ito dahil ang magkabahay ang syang pangarap ng bawat isang pamilya rito sa aming bayan,” he said.

Under the deal, SHFC will finance housing initiatives in the municipality under the CMP, which allows organized communities to purchase the land they occupy or would like to relocate to. Villa del Grande Homeowners’ Association, a community of 1,500 families in Barangay Panghayaan, has been identified as the pilot project to be funded by SHFC.

SHFC has so far signed similar agreements with 87 local government units, including 12 new partners added this year. More than 350,000 families have benefited from the CMP through over P16 billion in loan assistance since its inception in 1988. The program has 12 modalities, each tailored to the specific requirements of diverse sectors such as Vertical CMP in highly urbanized
areas and Post-Disaster Recovery and Rehabilitation CMP for families affected by natural and man-made calamities.