QUEZON CITY -- Social Housing Finance Corporation (SHFC) held a groundbreaking at People’s Plan Community Teamwork Homeowners’ Association, Inc. (PEPCOTEK), in Antipolo City on November 27, the ceremonial start of the construction of a socialized housing initiative that will benefit more than 1,100 families.
The project is classified under the agency’s High Density Housing (HDH) program, a slum redevelopment strategy wherein informal settler families (ISFs) living along waterways and danger zones of the National Capital Region are accommodated in multistory buildings to ensure safe and permanent housing solutions.
SHFC President Atty. Arnolfo Ricardo Cabling, Mayor Andrea Ynares, and Department of Human Settlements and Urban Development Usec. Marylin Pintor led the activity held in Sitio Palanas in Barangay San Juan. SHFC Board of Director Ronald Barcena, SHFC Legal Affairs, Asset Management, and Partners Cluster Senior Vice President Atty. Leo Deocampo, and SHFC Settlements Management Group Vice President Philip Robert Flores graced the ceremony.
“This is a testament to SHFC’s commitment to helping low-income Filipinos get access to safe, affordable, and resilient housing,” Cabling said. “I am hoping that as we see the progress of this project our partner-homeowners will continue to practice solidarity and actively contribute to the success of this undertaking.”
For her part, Ynares thanked SHFC for partnering with the city government, emphasizing that it is their common goal to implement a comprehensive housing development program in Antipolo to uplift the living conditions of ISFs.
PEPCOTEK is composed of 1,158 families from neighboring Marikina City with a total loan amount of P648 million for land acquisition and site development. It was mobilized by Lupang Kalinga Development, Inc. and is currently headed by Rodrigo Tadalan.
To date, the HDH has benefitted more than 42,000 families through roughly P7 billion in loan assistance. SHFC’s flagship initiative, the Community Mortgage Program, on the other hand, has assisted nearly 380,000 families, with loans released topping P18.8 billion since 1989.
SHFC is the lead agency assisting underprivileged communities in securing land tenure through shelter financing and development solutions by Building Adequate, Livable, Affordable, and Inclusive (BALAI) Filipino communities. For more info, call (+632) 7750-6337 or visit www.shfc.dhsud.gov.ph. (SHFC)