Department of Human Settlements and Urban Development Secretary Jose Rizalino Acuzar keynotes the first Stakeholders’ Night of the National Home Mortgage Finance Corp. which recently launched compliance asset-backed securities offering to raise P570 million. The latest securitization offering of the NHMFC is now available for developers. Acuzar announced that the Securities and Exchange Commission approved the compliance ABS of NHMFC to allow developers to enjoy a convenient, risk-free manner of compliance to the Balanced Housing Development Program—where developers are required to contribute to socialized housing projects under the Urban Development and Housing Act of 1992.
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