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, 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%, M
20.9 %, 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 SITUATION for 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!”