SHFC High Density Housing Program Overview SHFC SHFC HDH Program - - PowerPoint PPT Presentation

SHFC High Density Housing Program

Outline

Overview

• SHFC
• SHFC HDH Program

SHFC Initiatives

• HDH Guidelines
• HDH Process Flow and Checklist of

Requirements

Social Housing Finance Corporation

SHFC is a government financing window that is a subsidiary of the National Home Mortgage Corporation (NHMFC) that administers the Community Mortgage Program (CMP)

Social Housing Finance Corporation

• CMP provides "community loans" to the poor and

homeless to secure tenure, fund site development and housing construction

• The CMP advocates the "Community Driven approach"

wherein communities organize themselves to mobilize political , social and financial resources to build/develop their communities

The ISF Housing Program

• In line with P-Noy’s 10 point covenant to the

urban poor to create inclusive communities/cities where citizens can participate in economic and social development.

• Complements the DPWH Flood Mgt. Master

Plan which will impact all ISF Families living in the waterways

The ISF Housing Program

• Adopts the concept of preemptive relocation
• r climate change adaptation for Disaster

Risk Management

 Creates an alternative housing program from

“People’s proposals" that provides communities living in danger areas on-site, in-city or near city housing options that are safe, decent and affordable

SHFC High Density Housing Project

Executive Order No. 272 mandates Social Housing Finance Corporation to be one of the lead agencies to undertake social housing programs that will cater ISFs living along the major waterways in the National Capital Region under the Peoples’ Proposal Scheme

Loan Package

Loan Type 1: Building Construction only Loan Type 2: Lot Acquisition and Building Construction Loan Type 3: Lot Acquisition, Building Construction and Site Development

Loan Terms and Condition

Type of Building: 2-5 Storey Building Loan Ceiling: PhP 400,000 Interest: 4.5% per annum Loan Term:

 30 Years  Graduated amortization for the first 10 years

with 10% annual increase

 Fixed amortization on the 11th year  One month grace period before payment of initial

amortization from time of occupancy

Product Description: Loan Package

Graduated Amortization

High Density Housing Guidelines

On Loan Windows

A. Land acquisition & site development. (Section 6)

• The existing CMP guidelines will be adopted for land

acquisition & site development

• Subdivision Plan and Building permit
• B. Building Construction (Section 7)
• Complies with building standards
• SHFC will review the capacity/credential of the

contractor and require a Performance Bond

• Retention fee: 10% of the contract price

Note: Co-Ownership on the land & building will be explored to facilitate the acquisition of the land and construction of the building as well as to explore the possibility of entering into a public rental scheme if families are unable to amortize (Section 8)

High Density Housing Guidelines

On Subsidy

Subsidy from the ISF Housing Project Fund will include assistance for: (Section 11) A. Professional fees for the completion of the technical plans B. Community organizing work C. Loan documentation work D. Construction Project Management E. Capacity Building for: 1. Planning and Designing 2. Construction and Project Management 3. Estate Management 4. Organizational Maintenance

• F. Taxes and Permits

Product Description: Subsidy

Technical Subsidy Breakdown

HDH Program Process Flow

Latest ISF Process Flow.pdf

Checklist of Requirements

ISF Process Requirements revised.docx

Summary of ISF Projects

• I. Projects under NGOs
• II. Project under LGU
• A. Phillsa Projects
• 1. Ernestville- Quezon City
• 2. Dona Imelda-Quezon City
• 3. Marangal Village- Malabon
• B. Kilos Maralita (Chat)
• 1. AMVACA- Valenzuela
• 2. Dario River- Quezon City
• 3. AGOM Gumamela- Caloocan
• 4. CORRINAI- Pasay
• 5. UMALPAS- Paranaque
• C. Others
• 1. Goldmine- NGO is CUPS, Quezon City
• 2. Hopeville- NGO is Makawili, Quezon City

Quezon City LGU

• 1. Bistekville 1
• 2. Bistekville 2
• 3. Bistekville 6

Project Listing for 2013 and 2014

List of ISF Projects