Social Housing Finance Corp. grants moratorium after Carina hit Metro Manila, Central Luzon

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THE Social Housing Finance Corp. (SHFC) announced it followed the call of Human Settlements and Urban Development Secretary Jose Rizalino L. Acuzar to impose a one-month moratorium on monthly payments for beneficiaries affected by Typhoon Carina last month.

THE Social Housing Finance Corp. announced it followed the call of Human Settlements and Urban Development Secretary Jose Rizalino L. Acuzar to impose a one-month moratorium on monthly payments for beneficiaries affected by Typhoon Carina last month.

The SHFC Memorandum Circular 24-068 issued on August 2 indicates the prescribed guidelines and procedures for the implementation of the moratorium. MC 24-068 covers a one-month moratorium from August 1 to 31, 2024, and applies to identified and qualified member-beneficiaries. In a televised interview, SHFC President and CEO Federico A. Laxa said member-beneficiaries can stop paying for one month “habang nagre-recover sila.”Apart from the moratorium, the SHFC also gave relief goods to approximately 10,000 families affected by the typhoon in Metro Manila and Central Luzon.

In a statement, the SHFC said it “remains committed to improving the lives of its housing beneficiaries.” Currently, the SHFC has a dozen ongoing housing projects. The latter includes: Crystal Peak Estates in San Fernando City, Pampanga; People’s Ville in Davao City; and Valley View Township in Tagoloan, Misamis Oriental. These three projects alone, according to the SHFC, would result in over 45,000 units.

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