SHFC shelters Pinoys for 2 decades

The state-owned Social Housing Finance Corp. (SHFC) has been providing safe and affordable housing to both formal and informal sectors for 21 years.

Established through Executive Order 272 on 20 January 2004, SHFC has played a pivotal role in addressing the country’s housing needs by financing innovative, community-driven housing programs.

Throughout the years, the corporation spearheaded key initiatives such as the Community Mortgage Program (CMP), Abot Kaya Pabahay Fund Program, High Density Housing Program (HDH), and, most recently, the Pambansang Pabahay para sa Pilipino (4PH) Program.

These efforts underline SHFC’s dedication to making homeownership accessible to underserved communities.

Special projects support dev’t

The agency has also been entrusted with special projects supporting national development initiatives, including the Marawi Shelter Project, the North-South Commuter Railway Extension Project (NSCR-Ex), and the Strategy for the Inclusive Mainstreaming of People’s Living Entitlements (SIMPLE) Program.

When the Department of Human Settlements and Urban Development (DHSUD) launched the 4PH Program under the leadership of Secretary Jose Rizalino Acuzar in 2022, SHFC was tasked as one of its key implementers.

As a flagship program of President Ferdinand Marcos, Jr. the 4PH is designed to bridge the staggering 6.5 million housing gap in the country and ensure every Filipino family has access to adequate shelter.

SHFC is making remarkable progress at People’s Ville in Calinan, District, Davao City.

Alongside significant breakthroughs in the construction of housing units, the initial 168 Notices of Approval from the Home Development Mutual Fund (Pag-IBIG) are ready to be issued to beneficiaries, formalizing the approval of their loan application in this 4PH project. This step brings families closer to realizing their dream of moving into their new homes.