The NHMFC is the major government home mortgage institution. Its initial main function is to operate a viable secondary home mortgage market, utilizing long-term funds principally provided by the Social Security System, the Government Service Insurance System, and the Home Development Mutual Fund to purchase mortgages originated by both public and private institutions that are within government approved guidelines. It is also mandated to develop a system that will attract private institutional funds into long-term housing mortgages.

 
NEWS & EVENTS
RP set to address 3.8M housing backlog soon

Housing and Urban Development Coordinating Council Chairman Vice President Noli de Castro said the Philippines is looking backlog of close to 3.8 million, as more potential buyers have been flooding the mass housing market.

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Gov’t takes action vs. squatting GMA creates super body on shelter program
Informal settlers displaced by projects to be indentified

The government is moving to prevent professional squatters and squatting syndicates from benefiting from its housing programs in Metro Manila.
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De Castro spells out new rules of housing

THE amended guidelines governing the construction of homes for average- and low-income families are now in place, Vice President Noli de Castro said yesterday.

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De Castro warns vs. land title scams

Vice President Noli de Castro warned the public yesterday to beware of syndicates selling vast tracts of land in Metro Manila and nearby provinces using fake land titles.

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Perks for mass housing projects pressed

MASS HOUSING projects should continue to be granted tax perks this year, since these investments spur economic activity and create jobs, Vice-President Manuel “Noli” L. de Castro said, backing a proposal by the Board of Investments (BoI).

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NHMFC raises P2 billion

STATE FIRM National Home Mortgage Finance Corp. (NHMFC) raised P2.063 billion from its maiden offer of residential mortgage-backed debt, it said yesterday.

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