Tag Archives: Socialized Housing Finance Corporation

SHFC’S LOW-COST HOUSING PROJECT BENEFITS 1K+ FAMILIES IN BACOOR, CAVITE

In line with President Duterte’s directive to expand the government’s housing program, SHFC through the leadership of Department of Human Settlements and Urban Development formally turns over a total of 1,440 housing units to families living in danger zones across Bacoor City on December 14.

Over a thousand families living in danger zones across Bacoor City, Cavite will benefit from the latest project implemented by the Social Housing Finance Corporation (SHFC), according to the Department of Human Settlements and Urban Development (DHSUD).

OVER 1.4K HOUSING UNITS TO BENEFIT INFORMAL SETTLERS IN BACOOR

Over 1.4K housing units to benefit informal settlers in Bacoor

The Department of Human Settlements and Urban Development (DHSUD) announced on Wednesday that more than 1,400 informal settler families (ISFs) will benefit from the newly built-government housing project in Bacoor, Cavite.

DHSUD Secretary Eduardo del Rosario said among the beneficiaries are families residing in danger zones and accident-prone areas in Bacoor City.

On Tuesday, del Rosario graced the inspection and ceremonial turnover of the new houses within “the Ciudad de Strike Phase I”, the government’s third low-rise housing project in Barangay Molino.

The housing project materialized via the Social Housing Finance Corporation (SHFC), under its Community Mortgage Program, in partnership with the local government of Bacoor. Read More

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HOUSING FOR PINOYS NEEDS P50-B ANNUAL BUDGET

Del Rosario: Housing sector needs adequate budget

MANILA – At least a PHP50-billion budget is needed per year to meet the country’s housing demands for Filipinos, according to Department for Human Settlement and Urban Development (DHSUD) Secretary Eduardo del Rosario on Wednesday.

During the Laging Handa press briefing, del Rosario said the DHSUD is determined to address the issues of informal settler families (ISFs), particularly those residing in the danger zones and other flood-prone areas to reduce casualties during calamities.

Del Rosario cited the challenging part in fulfilling their task of providing decent and safer houses to ISFs due to budget constraints.

“Actually, we requested about PHP70 billion na suporta para sa (support for) Department for Human Settlement and Urban Development at saka aming limang (and our five) attached agencies. Unfortunately, with PHP71 billion request ang naibigay lang po sa amin ay (we only got) PHP6 billion, even less 10 percent of what we need,” he said.

Despite the inadequate budget provision, del Rosario said DHSUD has remained steadfast in providing decent, safe, and resilient shelters for all Filipinos.

“In our assessment for us to meet our housing needs of 6.5 million, we needed at least PHP50 billion a year. So, kung kami nabibigyan ng average (we are only given budget averaging) to PHP4 to PHP5 billion every year since 2016,” he said. “That’s why almost every year, we are requesting more or less PHP70 to PHP77 billion at ang nakukuha naman (and we are receiving fund) ranges from to PHP4 to PHP6 billion only.”

Del Rosario said the DHSUD is doing its best to capacitate the low-income families “to be able to purchase a house and lot of their own dream house.”

“We consider shelter as a right of every Filipino family,” he said.

He also hopes that every Filipino will be given a chance to feel “physical security and comfort in their respective homes.”

Del Rosario stressed the need to relocate ISFs into safer places which can greatly contribute to building more resilient communities in the Philippines. (PNA)

Housing units turnover signals Marawi victims return to normalcy

MARAWI CITY – For more than four years, Norhaima Ditucalan’s family was at her grandparents’ house in Ditsaan Ramain, Lanao del Sur, some 10 kilometers away from Marawi City where they lived for decades.Ditucalan used to live with her three other siblings and their families at a… Read More