1 / 16

LOW-INCOME HOUSING FINANCE IN THE PHILIPPINES: COMMUNITY MORTGAGE PROGRAM

LOW-INCOME HOUSING FINANCE IN THE PHILIPPINES: COMMUNITY MORTGAGE PROGRAM. Presented by : FLORENCIO R. CARANDANG JR. Social Housing Finance Corporation. Workshop on Housing Finance, 26-29 June 2011, Corporate Nuhkt Resort Hotel, Ulaanbaatar City, Mongolia. PHILIPPINES: Some Facts.

amber
Download Presentation

LOW-INCOME HOUSING FINANCE IN THE PHILIPPINES: COMMUNITY MORTGAGE PROGRAM

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. LOW-INCOME HOUSING FINANCE IN THE PHILIPPINES:COMMUNITY MORTGAGE PROGRAM Presented by : FLORENCIO R. CARANDANG JR. Social Housing Finance Corporation Workshop on Housing Finance, 26-29 June 2011, Corporate Nuhkt Resort Hotel, Ulaanbaatar City, Mongolia

  2. PHILIPPINES: Some Facts

  3. PHILIPPINES

  4. PHILIPPINES Population (2010 est.): • 94 million (2010 est.) • 18.8 million families (HH) Poverty (2009): • 26.5%, 24.9 M • 20.9 %, 3.9 M HOUSING NEED • 5.7 M units (2016) • 3.7 M units (2010), 800k provided 3.8% of HH pop in informal settlements (714k) 5.65% of urban HH in informal settlements (74k)

  5. PHILIPPINES HOUSING SITUATIONfor Poor • Philippine government housing interventions for the bottom 30% of the population • Housing interventions: resettlement and security of tenure • But, barely 1% of the national budget allocated to housing • URBAN POOR PROGRAM – COMMUNITY MORTGAGE PROGRAM

  6. COMMUNITY MORTGAGE PROGRAM(Who are the beneficiaries?) The homeless and the underprivileged families – the poor

  7. COMMUNITY MORTGAGE PROGRAM(Who are the beneficiaries?) The homeless and the underprivileged families – the poor

  8. COMMUNITY MORTGAGE PROGRAM(Who are the beneficiaries?) The homeless and the underprivileged families – the poor

  9. COMMUNITY MORTGAGE PROGRAM(Who are the beneficiaries?) The homeless and the underprivileged families – the poor

  10. COMMUNITY MORTGAGE PROGRAM • Government funded program – anti-poverty program • For the homeless and the underprivileged communities in urban and urbanizable areas • Financial assistance (loan) to purchase the land they are presently occupying LOAN DETAILS • 25 years to pay • 6% interest • Community loan but can be individualized titles

  11. COMMUNITY MORTGAGE PROGRAM(Pictures of Projects)

  12. COMMUNITY MORTGAGE PROGRAM(Pictures of Projects)

  13. COMMUNITY MORTGAGE PROGRAM(Pictures of Projects)

  14. COMMUNITY MORTGAGE PROGRAM(Pictures of Projects)

  15. COMMUNITY MORTGAGE PROGRAM(Highlights of accomplishment) • Since 1989, collection efficiency 76%, latest 12 months – 85% • Community members lives were transformed: - confident in their ways - pursue self-improvement – education, income generating activities, became health conscious

  16. SOME THOUGHTS ABOUT THE CMP • Poverty is not permanent • Provision of housing/shelter security aids poverty reduction • Poverty is everybody’s business (government, private sector and including the poor themselves) • “Alone we can accomplish little…together we can do so much!”

More Related