SHFC High Density Housing Program
Overview ◦ SHFC ◦ SHFC HDH Program SHFC Initiatives ◦ HDH Guidelines ◦ HDH Process Flow and Checklist of Requirements Outline
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 Social Housing Finance Corporation
• 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 or 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 The ISF Housing Program
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 SHFC High Density Housing Project
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 Package
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 11 th year One month grace period before payment of initial amortization from time of occupancy Loan Terms and Condition
Graduated Amortization Product Description: Loan Package
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 High Density Housing Guidelines
Technical Subsidy Breakdown Product Description: Subsidy
Latest ISF Process Flow.pdf HDH Program Process Flow
ISF Process Requirements revised.docx Checklist of Requirements
Summary of ISF Projects I. Projects under NGOs II. Project under LGU A. Phillsa Projects Quezon City LGU 1. Ernestville- Quezon City 1. Bistekville 1 2. Dona Imelda-Quezon City 2. Bistekville 2 3. Marangal Village- Malabon 3. Bistekville 6 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
List of ISF Projects Project Listing for 2013 and 2014
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