The Social Housing Finance Corporation (SHFC) has earned the highest audit rating from the Commission on Audit (COA), securing an “unmodified opinion” on its financial statements for the second consecutive year.

COA’s latest review for Calendar Year 2024 confirms that SHFC’s financial statements were presented fairly and in full compliance with applicable reporting standards. An unmodified opinion is the most favorable audit rating, reflecting sound financial management and adherence to principles of good governance.

SHFC President and CEO Federico Laxa credited the recognition to the agency’s commitment to transparency, strong internal controls, and professional conduct.

“This achievement reflects the dedication of our workforce in ensuring that SHFC operates with integrity and accountability,” he said. “We remain fully committed to delivering not only decent and affordable housing to Filipinos but also responsible stewardship of public resources.”

SHFC is a key implementing agency under the Pambansang Pabahay para sa Pilipino (4PH) Program, President Ferdinand Marcos Jr.'s flagship housing initiative aimed at bridging the national housing gap through affordable and inclusive developments.

Despite its expanding portfolio — with more than 30 projects underway and over 160 in the pipeline — SHFC has maintained its focus on fiscal discipline. Several major projects are already being turned over to beneficiaries, including People’s Ville in Davao City and Crystal Peak Estates in Pampanga. Other communities, such as Valley View Township in Misamis Oriental and San Miguel de Manila Residences, are also nearing occupancy.

Under the guidance of the Department of Human Settlements and Urban Development, SHFC said it remains committed to responsible resource management as it scales up operations nationwide.