More than 11, 000 current housing loan borrowers of the National Home Mortgage Finance Corporation (NHMFC) will get a chance to win cash prizes at the second raffle draw of the Bahay Ko, Pananagutan Ko Raffle Program.
VP Binay creates Task Force to address Housing needs in Cebu and Bohol; Private Sector, Foreign Community eyed for Support
Vice President Jejomar C. Binay on Friday created a multi-agency task force to ensure proper coordination of efforts to address the housing needs of earthquake victims in Bohol and Cebu.
Binay, who chairs the Housing and Urban Development Coordinating Council (HUDCC), said he has enlisted national government agencies and local government units to help in the rehabilitation of houses damaged or destroyed by the earthquake. He also said they will tap the support of the private sector and the foreign community.
Vice President Jejomar C. Binay said the multi-agency task force he created to ensure proper coordination of efforts to address the housing needs of earthquake victims in Bohol and Cebu will also handle the housing needs of those displaced by the conflict in Zamboanga.
Borrowers of the National Home Mortgage Finance Corporation (NHMFC) in Cebu and Bohol may now avail of a 6-month moratorium on payment amortization, said Vice President Jejomar C. Binay.
“Earthquake-hit residents in Cebu and Bohol may avail of the program. Their accounts must be in current status or 0-3 months in arrears as of September 30, 2013,” Binay said.
Vice President Jejomar C. Binay announced that the National Home Mortgage Finance Corporation (NHMFC) will implement a 6-month moratorium on the amortization of payments for borrowers affected by the recent conflict in Zamboanga City.
Reactivating the automatic guarantee offered by the National Home Mortgage Finance Corporation (NHMFC) could help plug the housing deficit by providing much-needed housing finance to millions of Filipinos.
This was part of the findings of the study authored by Philippine Institute of Development Studies (PIDS) Senior Research Fellow Marife Ballesteros and Real Estate Research Institute Foundation President Daisy Dulay, who is also NHMFC vice president for securitization.