State-run Social Housing Finance Corp. (SHFC) announced a one-month moratorium on monthly payments for beneficiaries affected by Typhoon Kristine.
It said the move aims to provide immediate relief to families who have been severely impacted by the storm’s devastation.
“We are monitoring the situation closely and are committed to extending the necessary support to help our beneficiaries recover from this calamity,” said SHFC president and chief executive Federico Laxa.
“We are hoping that this deferment of housing payments will alleviate the financial burden on affected communities,” he said.
The moratorium is in response to the directive of Department of Human Settlements and Urban Development Secretary Jose Rizalino Acuzar to provide immediate relief and recovery efforts for affected families, in line with President Ferdinand Marcos Jr.’s disaster response strategy.
Beneficiaries who wish to continue paying their monthly amortization can still do so through SHFC’s various online payment channels, including GCash, Maya and BPI.
This ensures that those who prefer to maintain their payment schedules have flexible options for meeting their obligations despite the ongoing challenges.
SHFC said it remains committed to improving the lives of its housing beneficiaries.
SHFC has 12 ongoing projects under the Pambansang Pabahay Para sa Pilipino Program (4PH), including significant developments in Crystal Peak Estates in San Fernando City, Pampanga; People’s Ville in Davao City; and Valley View Township in Tagoloan, Misamis Oriental.
These projects form part of the 111 shovel-ready initiatives aimed at providing more than 505,000 units by 2028.
By December, SHFC is scheduled to turn over more than 300 units to beneficiaries of Crystal Peak Estates and about 400 units to beneficiaries of People’s Ville.
