The Social Housing Finance Corporation (SHFC), a key shelter agency under the Department of Human Settlements and Urban Development (DHSUD), is accelerating the implementation of the Enhanced Community Mortgage Program (ECMP), expanding access to secure and affordable housing for organized communities.
Within its first year of implementation, SHFC has approved 47 new projects nationwide, benefiting more than 8,100 families and providing over ?870.6 million in total loan assistance.
The ECMP forms part of President Ferdinand R. Marcos Jr.’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program, implemented under the leadership of DHSUD Secretary Jose Ramon Aliling.
Secretary Aliling directed the full-scale implementation of the ECMP in line with the administration’s push for people-centric housing solutions. To further protect beneficiary communities, SHFC enhanced the program by integrating site development components to build safer, more livable communities.
Out of the 47 approved ECMP projects, 25 communities have already received land acquisition checks totaling about ?415 million, directly benefiting over 4,000 member-beneficiaries. DHSUD and SHFC officials personally led the distribution of assistance, underscoring the government’s commitment to bringing shelter services closer to local communities.
‘This milestone reflects SHFC’s resolve to fast-track housing delivery across the country,’ said SHFC President and CEO Federico Laxa. ‘Through the ECMP, we are helping more Filipino families secure land tenure and move closer to the dream of owning a safe and decent home.’
This week alone, SHFC released land acquisition loan assistance to four additional ECMP communities: Divine Mercy HOAI (Puerto Princesa City, Palawan), Virginia Project 5 HOAI (Puerto Princesa City, Palawan), Golden Springville HOAI (Daet, Camarines Norte), and Plaridel Village CMP HOAI (Santiago, Isabela).
The newly released funding will enable these communities to complete their land acquisition process and secure land titles for their member-beneficiaries.
SHFC continues to work closely with homeowners’ associations, local government units, and other stakeholders to guide communities through the process and assist them in completing documentary requirements. Regular Task Force and Credit Committee meetings are held to review and evaluate project proposals promptly.
As implementation gains momentum, SHFC remains committed to expanding the ECMP to more communities, advancing the Marcos administration’s goal of providing Filipino families with safe, decent, and affordable homes.