President Ferdinand R. Marcos Jr. led the ceremonial awarding of Certificates of Lot Award (CELA) to beneficiaries of the Social Housing Finance Corporation’s (SHFC) Enhanced Community Mortgage Program (ECMP) during the National Housing Expo held at the World Trade Center in Pasay City on 23 October.
The ECMP is one of SHFC’s housing initiatives aimed at simplifying and expediting the land acquisition process for organized communities.
More flexible financing options
It builds on the success of the traditional Community Mortgage Program (CMP) by offering more flexible financing options and a faster approval process, in support of the government’s Expanded Pambansang Pabahay para sa Pilipino Program (4PH) to deliver affordable housing for all.
Joining the resident in the awarding were Department of Human Settlements and Urban Development Secretary Jose Ramon Aliling and SHFC president and CEO Federico Laxa. The awardees represented five homeowners’ associations — Centennial Sunrise HOAI in Pasig City, Megaville 2 HOAI, and Villa Soledad HOAI in Pasay City; Don Vicente Villas HOAI Phase 8 in Cabuyao, Laguna; and Wawang Pulo HOAI Phase 1 in Valenzuela City.
Pro-poor, people-centered initiatives
These communities are part of the initial 34 ECMP projects approved by SHFC, in line with the directive of Secretary Aliling and the corporation’s commitment to the Marcos administration’s pro-poor and people-centered housing initiatives. In total, these projects will benefit more than 5,800 families nationwide.
In his message, President Marcos reaffirmed his administration’s commitment to realizing the goal of providing every Filipino family with a safe, decent, and affordable home.
