SHFC approves four new housing projects under the Enhanced Community Mortgage Program (ECMP) as the Community Mortgage Program (CMP) celebrates its 37th anniversary, benefiting over 800 low-income families in the Philippines.
Social Housing Finance Corp. (SHFC) president and chief executive Federico Laxa has approved four new projects under the Enhanced Community Mortgage Program (ECMP).
The move kicks off the 37th anniversary of the Community Mortgage Program (CMP), highlighting the CMP’s enduring commitment to empowering communities.
The ECMP is SHFC’s response to the directive from President Ferdinand Marcos Jr. and Department of Human Settlements and Urban Development (DHSUD) Secretary Jose Ramon Aliling to focus on pro-poor and people-centered housing solutions under the expanded Pambansang Pabahay para sa Pilipino (4PH) Program.
“The swift approval of these projects is a fitting start to our celebration. It reflects our strengthened commitment to accelerate pro-poor housing delivery and empower organized communities nationwide. This is only the beginning—more ECMP projects will be rolled out in the coming months,” said Laxa.
The newly-approved projects include Centennial Sunrise HOA in Pasig City, Wawang Pulo HOA Phase 1 in Valenzuela City and Pinag-isang Magkakapitbahay ng Miranda Compound HOA Phases 1 and 2 in San Fernando City, Pampanga.
These projects are expected to benefit over 800 low-income families, providing them with secure land tenure and paving the way for decent and affordable housing through the ECMP’s streamlined, people-centered approach.
Beneficiaries span both the informal and formal sectors, including street vendors, construction workers, online sellers, delivery riders, call center agents, factory workers, nurses and public school teachers, underscoring SHFC’s role in delivering inclusive housing solutions.
Laxa, who visited the community in Pasig, is also slated to visit the three other-newly approved projects to check on the welfare of member-beneficiaries and explore additional ways to improve their quality of life.
Since its inception in 1988, the CMP has enabled legally organized associations of low-income groups to borrow funds for land purchase and site development. The ECMP builds on this legacy by making the program more responsive and accessible for the poorest, simplifying original CMP processes to accelerate project approvals and improve housing delivery.
