THE Social Housing Finance Corp. (SHFC), an attached agency under the Department of Human Settlements and Urban Development, has released P35.77 million for the purchase of a 25,275-square meter property in Naic, Cavite where the future homes of 800 families residing along the waterways of Parañaque and Las Piñas cities will be built.

The beneficiaries of the housing project are members of the Parlas Homeowners' Association Inc., which was organized in 2017 and led by its president, Paterno Casas. Their loan application was approved by SHFC in December 2019 and was funded under the Community Mortgage Program (CMP), the agency's flagship initiative that assists legally organized associations of informal settler families (ISFs) to purchase and develop a tract of land under the concept of community ownership.