The Department of Human Settlements and Urban Development (DHSUD), together with its three key shelter agencies, on Thursday announced it has rolled out a payment moratorium and calamity loan to ease the burden of victims affected by consecutive tropical cyclones and the southwest monsoon.
Housing czar Jose Ramon Aliling said the move is part of a coordinated response of housing agencies to help families recover from the inclement weather.
“As directed by President Ferdinand Marcos Jr., we are ensuring that affected families receive urgent support to help them recover,” Aliling said.
The Social Housing Finance Corp., National Housing Authority, and National Home Mortgage Finance Corp. have implemented a one-month moratorium on amortization payments for their beneficiaries in areas affected by typhoons.
Meanwhile, the Pag-IBIG Fund has activated its calamity loan program in all of its branches nationwide to serve typhoon victims, including insurance claims for current Pag-IBIG housing loan borrowers whose properties were damaged.
Qualified members in a cyclone-affected area may borrow up to 90 percent of their total Pag-IBIG Fund savings, including the monthly savings, employer counterpart contributions, and earned dividends.
The Housing czar also said DHSUD is closely coordinating with various local government units for the provision of assistance under the Integrated Disaster Shelter Assistance Program.
“DHSUD and our key shelter agencies are closely working with LGUs to guarantee proper coordination and fast implementation on the ground. This is a united effort to provide relief and help families get back on their feet,” Aliling said.
