Who says that only those who are working in companies or those with formal jobs are the only ones entitled to be granted of a # housing loan?
There is actually an agency of the Philippine government are priority # grants loans to those who are not qualified for a # Love ( http://www.pagibigfund.gov.ph/ ) loan to own a lot or house or both.
This is the Social Housing Finance Corporation (SHFC). http://www.shfcph.com/ And guess what THEIR office is just a floor below the PIA office here in Cebu.
It is an agency equivalent to love, but this time, for those doing the odd jobs, the trisikad drivers, vendors or simply non Charity members and does not have any landholding ever.
The SHFC implements the Community Mortgage Program (CMP) and this program is actually not so popular.
However there are already 96 in Cebu homeowners who availed of housing loans thru SHFC.
Guests Zeny Gread, LCMP Coordinator and Joel Ejes, Account Specialist of SHFC hosted by PIA Cebu Infocen Manager Rachelle Nessia and Radyo ng Bayan Wen Celen
In our # kapihanCebu this week, announced that since SHFC Visayas had recently been hit by disasters, the local government units actually has a way in Solving Problems on relocating residents living in danger zones or informal settlers solve the issues.
They can accessed a fund wherein Omnibus Commitment Line Called They can be granted as high as P50 million for lot acquisition and development.
Here is my story as posted in the official website of PIA.
Local government units, specially those hit by calamities are Encouraged to avail of funds for socialized housing program.
Women received relief goods in San Remegio after typhoon Yolanda
In today’s Café PIA-Cebu, guests from the Social Housing Finance Corporation (SHFC) announced that there is an Omnibus Commitment Line of the Socialized Housing Finance Corporation are priority in the local government units can apply to Solve Problems of relocation / displacement.
Joel Ejes, account specialist said that a fund not exceeding P50 million can be applied by municipalities and cities and P20 million for qualified barangays who already have an identified social housing project.
A woman whose house was destroyed by typhoon Yolanda managed to smile
This fund, Ejes said, has to be implemented in a year.
An LGU can use the funds for offsite relocation, are the priority is the case of disaster hit areas.
Funds for the Off-site projects will be used for the acquiring and developing the land where informal settlers including those that are residing in danger zones will be relocated to the concept of community ownership.
According to Anne gread, local community mortgage program officer, it is very timely Because there is already a strict 50meter Implementation of the easement and forced the evacuation of residents from danger zones.
Already, Mayors THEIR tasking planners are areas of relocation for affected constituents.
| Yolanda typhoon affected residents in San Remegio Received relief supplies. |
Under OCL, SHFC can release 75 percent of the total land acquisition cost so that the project can start immediately.
Other than that that project also include off-site lot acquisition for those informal settlers covered with conviction court order and those that are voluntary transferring of one community from another Locality.
| She lost her home due to typhoon Yolanda in Medellin town. |
On the other hand, On-site project is for the purpose of acquiring the land already occupied by informal settlers.
Gread said, this program also GIVES the LGU an opportunity to earn since They are entitled to one sixth the total amount of the amortization provided that the collection rate is good.
Here in Cebu, Talisay City only has so far enjoyed the benefits of the CMP with a fast turn around of investment.
They said gread have five projects implemented in the city.
CMP is an initiative of the current undersecretary of the Department of Interior and Local Government Francisco Fernandez. He is also a former Cebu City administrator and founder of Pagtambayayong Foundation, Inc. ..
Those who want to inquire, just call SHFC Office in 303, 3rd Floor, Machay Building, Gorordo Avenue, Cebu City and 2,336,936.
And now this is not good news?
iCebu 