While the bad weather is not letting up, the state’s shelter financing firm, National Home Mortgage Finance Corp. (NHMFC), is offering a respite to homeowners.

More than 34,000 housing loan borrowers affected by Tropical Storms “Crising,” “Dante” and “Emong,” and the southwest monsoon will benefit from the one-month moratorium on amortization payment from NHMFC.

The highest number of beneficiaries are from Cavite, reflecting the province’s large concentration of NHMFC housing loan borrowers, followed by Laguna, National Capital Region and Luzon Region.

The moratorium took effect on 19 July 2025 and will end on 18 August 2025. This program temporarily suspends the collection of one-month amortization payment, easing the burden on families affected in the storm-affected areas.

Welcome relief

This program is in line with the directives of President Ferdinand R. Marcos Jr. and Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Ramon P. Aliling to immediately bring the much-needed relief to the victims of the recent calamities.

“Through this moratorium, the NHMFC reaffirms its commitment to support Filipino families during times of hardship. We remain steadfast in our mission to uphold housing security and financial resilience,” said NHMFC president Renato Tobias.

Borrowers who still wish to continue their payments during the moratorium period may do so voluntarily. For borrowers with updated accounts, any payments made will be treated as advance payments.