DHSUD freezes housing payments in storm-hit areas

The Department of Human Settlements and Urban Development (DHSUD) has ordered a moratorium on housing loan amortizations for qualified beneficiaries in areas affected by the enhanced southwest monsoon, Tropical Storm Luis and Typhoon Maymay.

DHSUD Secretary Jose Ramon Aliling said the move follows President Ferdinand Marcos Jr.’s directive to extend assistance to communities affected by heavy rains and flooding.

The moratorium covers qualified beneficiaries of the National Housing Authority, Social Housing Finance Corp. and National Home Mortgage Finance Corp., subject to guidelines that each agency will issue.

“Sa panahon ng kalamidad, mahalagang mabawasan natin ang kanilang mga alalahanin, at ito ang ambag ng DHSUD upang kahit papaano ay makatulong tayo sa pagbangon ng mga biktima ng pagbaha,” Aliling said.

Meanwhile, the Pag-IBIG Fund continues to offer its calamity-related loan assistance to qualified members.

DHSUD regional offices were also directed to coordinate with local governments and other agencies to assess the housing needs of affected families, particularly those living in danger zones and remote communities.