More than 600,000 families stand to benefit from the payment moratorium implemented by attached agencies of the Department of Human Settlements and Urban Development (DHSUD) in compliance with President Ferdinand Marcos Jr.’s directive to extend all available assistance to victims of recent weather disturbances.
In a statement, the National Housing Authority (NHA) said that about 500,000 households will benefit from the one-month moratorium to be imposed this August.
Meanwhile, the Social Housing Finance Corporation (SHFC) reported that more than 148,000 families whose homes and livelihoods were severely impacted by the recent typhoons and the intensified southwest monsoon (habagat) will benefit from the moratorium.
For its part, the National Home Mortgage Finance Corporation (NHMFC) announced that a total of 34,622 families will also be given a one-month payment moratorium.
The moratoriums imposed by NHA, SHFC, and NHMFC are automatic, meaning member-beneficiaries need not apply to avail of these. The uncollected payments will only be added up at the end of their payment terms.
Meanwhile, the one-month moratorium of the Home Development Mutual Fund or Pag-IBIG Fund is not automatic to give option to members who do not want to avail of this. Those who will avail this, however, need to apply at Pag-IBIG branches.
