The Social Housing Finance Corporation (SHFC) has expanded its Enhanced Community Mortgage Program (ECMP), reaching more than 2,200 beneficiaries with the approval of two new housing projects in Isabela and Rizal provinces.
This milestone supports President Ferdinand Marcos Jr.’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program, which is being implemented by the Department of Human Settlements and Urban Development (DHSUD).
Led by SHFC president and chief executive Federico Laxa, the agency approved applications from the Amianan CMP Homeowners’ Association, Inc. in Cordon, Isabela, and the Seattohills Neighborhood Association, Inc. in Tanay, Rizal. These new projects will provide homes for more than 250 families, including those from the formal and informal sectors.
“This is our continuing commitment to providing security of tenure to Filipinos, including the poorest of the poor,” Laxa said. “Under the Expanded 4PH Program, we are promoting housing for all and ensuring that no one is left behind in our fight for decent and affordable housing.”
In the last three weeks, SHFC has approved a total of 12 ECMP projects, a testament to the agency’s effort to fast-track housing solutions. More projects are anticipated to be rolled out in the coming weeks, in line with the directive to award lots to the initial batch of ECMP beneficiaries by October.
The other approved ECMP projects are Centennial Sunrise HOAI and Megaville 2 HOAI in Pasig City; Pinag-isang Magkapitbahay ng Miranda Compound HOA, Inc. Phases 1 and 2 in San Fernando City, Pampanga; Pagkamoot Village 1 and 2 HOAI and Ilaw Village HOAI in Tabaco City, Albay; Wawang Pulo HOAI Phase 1 in Valenzuela City; Goldenspringville HOAI in Daet, Camarines Norte; and Mirasol Village HOAI in Mandurriao, Iloilo City.
As part of its enhanced approach, SHFC is integrating other development aspects into the ECMP. “We are integrating other development aspects such as improving water and electricity access and drainage systems, as well as enhancing the income capabilities of members through livelihood and skills training,” Laxa said.
This month, the SHFC is celebrating the 37th anniversary of the CMP under the theme, “Kaagapay ng Komunidad: Mula Noon Hanggang Ngayon.”
