Social Housing Finance Corporation (SHFC) Corporation has forged a partnership with the local government of General Santos City for the implementation of housing projects under the Community Mortgage Program (CMP).
The memorandum of understanding (MOU) was signed on January 29, 2019 by SHFC President Atty. Arnolfo Ricardo B. Cabling and Vice Mayor Shirlyn L. Banas-Nograles in a ceremony held at the General Santos City Hall on January 17. Atty. Ronaldo B. Saco, OIC-Vice President for Mindanao Operations, and Mary Ann T. Bacar, Head of City Housing and Land Management Office Department, were present to witness the signing.
The MOU outlines the plans that SHFC and the local government of General Santos City will implement in providing decent and livable housing to informal settler families in the city. CMP, the agency’s flagship program, intends to improve the living conditions of underprivileged families by providing them affordable financing scheme in which they can borrow as a group to purchase the land they occupy or would like to relocate to.
In the same ceremony, Atty. Cabling led the awarding of checks worth P19.2 million and P8.5 million for the take-out of Pag-asa Village Homeowners Association, Inc. (HOAI) Phase 1 and Pag-asa Village HOAI Phase 3, respectively. In addition, he handed over checks each amounting to P9.3 million for the purchase of land for the benefit of St. Paul HOAI and St. Paul Phase 1 HOAI.
Atty. Cabling likewise presided over the awarding of transfer certificate of titles to 10 partner-homeowners of Antonio Village United HOAI in Barangay Calumpang, General Santos City.
SHFC is the lead agency assisting underprivileged communities to secure land tenure through shelter financing and development solutions by Building Adequate Livable Affordable and Inclusive (BALAI) Filipino communities. For more info, call (+632) 750-6337 or visit www.facebook.com/shfcph. (SHFC)