More than 400 families in Isabela and Cagayan provinces and Zamboanga City are set to benefit from the Social Housing Finance Corporation’s (SHFC) latest project approvals under the Enhanced Community Mortgage Program (ECMP).
The loan application of Plaridel Village CMP Homeowners’ Association, Inc. in Santiago, Isabela; Ibay’s CMP HOAI in Solana, Cagayan, and Maria Navarro HOAI in Zamboanga City were approved on September 25 by SHFC President and CEO Federico Laxa and members of the agency’s Credit Committee.
Similar to other approved ECMP communities, the projects will provide secure housing opportunities for families from both the formal and informal sectors. This milestone highlights SHFC’s strong commitment to inclusivity, ensuring that the poor and marginalized are not left behind in the government’s housing efforts.
It also supports President Ferdinand Marcos Jr.’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program, being implemented by the Department of Human Settlements and Urban Development (DHSUD) led by Secretary Jose Ramon Aliling.
“SHFC will continue to push forward with the 34 ECMP projects we committed to Secretary Aliling to help more Filipino families achieve affordable and secure housing,” Laxa said. “These projects reflect our dedication to fast-track the implementation of pro-poor and people-centered shelter solutions in line with President Marcos’ housing agenda.
In the same Credit Committee session, SHFC also approved an additional loan to support the site upgrading of Pinag-isang Magkakapitbahay ng Miranda Compound HOAI Phases I, II and III in San Fernando City, Pampanga.
To date, the agency has approved 22 ECMP projects nationwide, paving the way for over 3,800 families to realize their dream of homeownership. It is also targeting the awarding of lots to the initial batch of 5,000 beneficiaries by October.
As part of its transformative approach to ECMP, SHFC does not only provide lot acquisition to communities but also integrates other development components such as improved water and electricity access, drainage systems, as well as livelihood and skills training to augment the income capacity of member-beneficiaries.
The other approved ECMP projects are CMP HOAI in Isabela; Seattohills Neighborhood Association Inc., and Pagkakaisang Maralita ng Antipolo HOAI Ph. 2 in Rizal; Msgr. Eddie L. Eleazar Village HOAI in Quezon; Don Vicente Villas HOAI Ph. 8 sa Laguna, Zone 5 San Juan Bautista HOAI, and San Roque Block 7 Resettlement HOAI in Tarlac; Mirasol Village HOAI in Iloilo City; and Ylagan Ville HOAI Ph. 1 in Oriental Mindoro.
Also approved are Centennial Sunrise HOAI, Villa Soledad HOAI, at Megaville 2 HOAI in Pasig City; Wawangpulo HOAI Ph. 1 in Valenzuela City, Pinag-isang Magkakapitbahay ng Miranda Compound HOAI Ph 1 at 2 in Pampanga; Pagkamoot Village 1 and 2 HOAI, Goldenspringville HOAI, at Ilaw Village HOAI in the Bicol Region.
Started in 1927, the Philippines Graphic is the longest-running printed magazine of national circulation that provides relevant news and features and promotes Philippine literature.
 latest project approvals under the Enhanced Community Mortgage Program (ECMP).){kind=link}