Social Housing Finance Corporation (SHFC), the lead government agency mandated to undertake socialized housing for low-income earners, is implementing a three-month moratorium on the payment of loan amortization of its partner-homeowners from March 16, 2020 to June 16, 2020. This is SHFC’s answer to the call of President Rodrigo Duterte to exhaust all efforts to respond to the needs of Filipinos amid the threat of COVID-19 in the country.
Aside from the payment extension, no penalties will be charged to accounts whose due dates fall within the period. The loan reprieve was pursuant to the advisory released by the Department of Human Settlements and Urban Development (DHSUD) after President Rodrigo Duterte placed the entire Luzon region under enhanced community quarantine. SHFC is one of the key shelter agencies under DHSUD.
Partner-homeowners who wish to pay their loan amortization on time can do so in select branches of Land Bank of the Philippines across the nation. As citizens are encouraged not to go outside to avoid contracting the virus, clients can generate their statements of accounts and abstract of collection through the SHFC Portal.
SHFC President Atty. Arnolfo Ricardo Cabling said the agency is one with the entire country in these difficult times. “We want to ease the financial burden of our stakeholders as we face this challenge,” he said.
Meanwhile, SHFC Senior Vice President for Operations Atty. Leo Deocampo said that the moratorium will allow partner-homeowners to focus on meeting their basic needs and security.
SHFC is the lead agency assisting underprivileged communities to secure land tenure through shelter financing and development solutions by Building Adequate, Livable, Affordable, and Inclusive (BALAI) Filipino communities. For more info, call (+632) 7750-6337 or visit www.facebook.com/shfcph <http://www.facebook.com/shfcph>.