Govt housing mortgage program excludes poor – PIDS

The government’s Community Mortgage Program may have neglected poor families, according to a study released by state-owned think-tank Philippine Institute for Developmental Studies (PIDS).

The CMP fund is the mortgage financing program of the Social Housing Financing Corp. that assists legal associations of underprivileged and homeless citizens, called community associations (CA), in purchasing and developing tracts of land under the concept of community.