QUEZON CITY, Sept. 2 (PIA)--The Quezon City Government and the Social Housing Finance Corporation (SHFC) awarded land title to some 50 homeowners associations (HOAS) and 23 individuals who were able to acquire properties through the Community Mortgage Program (CMP).
Mayor Herbert M. Bautista led the awarding ceremony along with SHFC Vice President Anicia Villafuerte, SHFC public affairs head Lorei Lyn Bundoc, SHFC division chief Allan Romero, and Mon Asprer, head of the QC Housing Resettlement and Community Development Department (HRCDD) with officers of various nongovernment organizations (NGOs) and HOAs.
Bautista commended the efforts of various nongovernment organizations for helping the CMP beneficiaries with the requirements to qualify for the loans and the SHFC, for providing low financing schemes for the urban poor.
Bautista said that since its inception in 1990 until July 2015, the CMP has taken out 259 projects where 11, 443 families benefited.
He also said that 72 more projects are under process which are expected to benefit 5, 899 families.
The mayor said the city government is continuously adding more housing projects to further reduce the number of informal settler families by 2017.
Most of these families occupy government and privately-owned property and in high-risk areas, according to Bautista.
During the occasion, the SHFC also gave recognition to 50 HOAs as Top CERs (Collections Efficiency Rating) or those who paid their contributions correctly and on time.
The CMP assisted groups of urban poor families and home owners associations by helping them to qualify or be eligible to get loans to pay the property, and eventually make them legal land owners. (QC PAISO/RJB/SDL)
See more at: http://news.pia.gov.ph/article/view/231441089095/qc-shfc-award-land-title-to-50-hoas-23-individuals#sthash.KNBjXgKf.dpuf
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