Vice President Noli de Castro said Tuesday that National Home Mortgage Finance Corp., one of the housing agencies under his supervision, will receive The Asset's Triple A Award for the category "2009 Securitization of the Year."

Delivering Shelter Security, Building a Stronger Housing Sector

With nearly a million families benefiting from various programs on shelter security and affordable home financing, the National Shelter Program has truly flourished under President Gloria Macapagal Arroyo’s administration. Behind this achievement is a dynamic housing sector strengthened by key reforms, bold initiatives and revitalized programs.

FAMILIES and individuals who live in rented dwellings will not have worry about any rental increases for one year as President Arroyo has signed the Rent Control Act of 2009.

The sale of mortgages by the National Home Mortgage Finance Corp. (NHMFC) to Deutche Bank Real Estate Global Opportunities (Deutche Global) was part of the cleaning-up that had to be done to the housing sector, Vice president and Housing and Urban Development Coordinating Council (HUDCC) chairman Noli De Castro said.

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.