The Social Housing Finance Corporation (SHFC), the lead government agency mandated to undertake socialized housing for low-income earners, is celebrating its 16th anniversary by launching new schemes that will help more poor families realize their dreams of owning a home.
The Community Mortgage Program (CMP), SHFC’s flagship program, has benefited more than 350,000 families through over P16 billion in loan assistance since its inception in 1988. In 2019 alone, the agency recorded the highest takeout ever by assisting a total of 32,797 partner-homeowners through housing loans amounting to P2.48 billion. This number of partner-homeowners is twice that of the previous year and nearly thrice that of 2017.
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